Hopping Green & Sams

Post Office Box 6526
Tallahassee, Florida 32314

Greeneway Improvement District Issues Special Assessment Revenue Bonds

Posted Monday, May 6th, 2013

On April 25, 2013, the Greeneway Improvement District (City of Orlando, Florida) (“District”) issued $55,750,000 in Special Assessment Revenue Bonds, Series 2013 (“2013 Bonds”), with the assistance of HGS attorneys Michael Eckert, Tucker Mackie, and Darby Scott. The 2013 Bonds are the first 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; pay certain costs associated with the issuance of the 2013 Bonds; capitalize a portion of interest accruing on the 2013 bonds; and fund the 2013 Reserve Account.

The District was created in 2003 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 1,202 acres and is generally located east of Boggy Creek Road, 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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