$7,260,000
Capital Projects Finance Authority
Solid Waste Disposal Revenue Bonds
(Capital Projects Loan Program -
Waste Corporation of Central Florida, Inc. Project)
$6,660,000 Tax Exempt Series 2000D
$600,000 Taxable Series 2000E


On September 12, 2000, the Authority issued its Series 2000D and 2000E bonds to finance the acquisition and/or construction, expansion and rehabilitation of a solid waste processing and disposal facility located in the City of Fort Meade, Florida. The facility was acquired by Waste Corporation of Central Florida, Inc. (The Company). The Company is a wholly owned subsidiary of Waste Corporation of America. The parent company currently operates several similar facilities in the United States.

The facility consists of 226 acres, of which approximately 60 acres are currently permitted as a construction and debris solid waste disposal facility. Approximately 13 acres of the facility are permitted to receive asbestos.

The Bonds are secured solely by the Pledged Revenues and other amounts derived by the Company from the ownership and operation of the facility and by a first mortgage on the real property comprising the facility. The Bonds will be additionally secured by an irrevocable guaranty executed by the Company and the parent company. The Bonds carry various fixed rates of interest ranging from 8.50% part of the Series 2000D bonds to 12.50% on the Series 2000E bonds. The final maturity of the bonds is 2020.