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Hammock Bay Community Development District Issues Refunding Note

Posted Friday, February 5th, 2016

Hopping Green & Sams attorney Tucker F. Mackie assisted in the refunding of the Hammock Bay Community Development District’s (Walton County, Florida) $6,345,000 Special Assessment Bonds, Series 2004A (the Series 2004A Bonds). On January 27, 2016, the District issued its Special Assessment Revenue Refunding Note, Series 2016, in the amount of $3,175,000 (the Series 2016 Note). The proceeds of the Series 2016 Note were utilized to refund the Series 2004A Bonds and to pay certain costs associated with the issuance of the Series 2016 Note. The refunding of the Series 2004A Bonds resulted in a significant decrease in the annual special assessments levied on landowners with the District.

For additional information, please contact Tucker F. Mackie.

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