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HGS Attorneys Facilitate Establishment of Asturia Community Development District and Validate $44.195 Million in Bonds

Posted Monday, January 26th, 2015

On August 5, 2014, the Pasco County Board of County Commissioners adopted Ordinance No. 14-17 establishing the Asturia Community Development District (District) as petitioned by SR 54 Land Associates, LLC and represented by Hopping Green & Sams (HGS) attorneys Jonathan Johnson and Katie Buchanan. The District contains approximately 414.702 acres and is located north of State Road 54 and approximately 1.5 miles west of State Road 589 (Suncoast Parkway) in Pasco County. On October 27, 2014, the District received a Final Judgment from the Sixth Judicial Circuit Court of Florida validating its Special Assessment Bonds in an amount not to exceed $44,195,000, with the assistance of HGS attorney Katie Buchanan. On December 19, 2014, the District issued two series of Special Assessment Bonds totaling $11,950,000 to partially finance the construction and acquisition costs of public infrastructure improvements.

For additional information, please contact Jonathan Johnson or Katie Buchanan.

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