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Boggy Creek Improvement District Issues Special Assessment Revenue and Revenue Refunding Bonds

Posted Monday, May 6th, 2013

On April 25, 2013, the Boggy Creek Improvement District (City of Orlando, Florida) (“District”) issued $56,265,000 in Special Assessment Revenue and Revenue Refunding Bonds, Series 2013 (“2013 Bonds”), with the assistance of HGS attorneys Michael Eckert, Tucker Mackie and Darby Scott. The 2013 Bonds are the second series of bonds to be issued by the District and will finance a portion of the cost of acquiring, constructing, and equipping the assessable improvements comprising a portion of the District’s Capital Improvement Program; purchase and retire all of the District’s Special Assessment Revenue Bonds, Series 2010, currently outstanding in the aggregate principal amount of $35,820,000; pay certain costs associated with the issuance of the 2013 Bonds; and fund the 2013 Reserve Account.
 
The District was created in 2001 by the City Council of the City of Orlando, Florida, for the purpose of providing an alternate means of planning, financing, constructing, operating, and maintaining various public improvements and community facilities within the Lake Nona Planned Development. The District includes approximately 1,085 acres and is generally located east of Boggy Creek Road, north and south of State Road 417 (Eastern Beltway), west of Narcoossee Road, and generally north of the Orange County/Osceola County line in the City of Orlando.

For additional information contact Michael Eckert, Tucker Mackie, or Darby Scott.

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