HGS Attorneys Facilitate Establishment of Southaven Community Development District and Validate $25 Million in Bonds

Posted Monday, January 26th, 2015

On May 6, 2014, the St. Johns County Board of County Commissioners adopted Ordinance No. 2014-22 establishing the Southaven Community Development District (District) as petitioned by Southeast Land Strategies, LLC and represented by Hopping Green & Sams (HGS) attorneys Jonathan Johnson and Katie Buchanan. The District contains approximately 314 acres and is located south of International Golf Parkway and east of North Francis Road in St. Johns County. On October 6, 2014, the District received a Final Judgment from the Seventh Judicial Circuit Court of Florida validating its Special Assessment Bonds in an amount not to exceed $25,000,000, with the assistance of HGS attorney Katie Buchanan. The District anticipates issuing bonds in early to mid-2015 and intends to use the bond proceeds to fund the construction and acquisition of public infrastructure improvements.

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

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