HGS attorney Roy Van Wyk assisted in a refunding of the East Park Community Development District’s (Orange County, Florida) $5,300,000 Special Assessment Bonds, Series 2002. On November 19, 2013, the District issued its Special Assessment Refunding Bonds, Series 2013A-1 in the amount of $3,060,000, and Series 2013A-2 in the amount of $1,455,000. The proceeds of the Refunding Bonds were utilized to currently refund and redeem the entire outstanding principal amount of the District’s Special Assessment Bonds, Series 2002 and to pay certain costs associated with the issuance of the Refunding Bonds. The refunding of the Series 2002 Bonds resulted in a significant decrease in annual special assessments.
For additional information, please contact Roy Van Wyk.