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Hillsborough County CDD Completes Simultaneous New Money Issuance and Reissuance of Existing Bonds

Posted Wednesday, March 20th, 2013

Hopping Green & Sams attorneys recently served as counsel to the Belmont Community Development District (the “District”) in support of its simultaneous issuance of $6,170,000 Capital Improvement Revenue Bonds, Series 2013A (the “Series 2013A Bonds”), and reissuance of $17,465,000 Capital Improvement Revenue Bonds, Series 2006B.

The District was created in 2006 by the Board of County Commissioners of Hillsborough County, Florida, for the purpose of providing an alternate means of planning, financing, constructing, operating and maintaining various public improvements and community facilities within the Belmont development project, a 932-acre master planned largely-residential, mixed-use community located in the Riverview area of unincorporated Hillsborough County, Florida, in the greater metropolitan Tampa Bay area and is situated just east of Interstate 75, south of Big Bend Road, on the western side of U.S. Highway 301.

Proceeds from the sale of the Series 2013A Bonds will be utilized to fund the District’s Series 2013A Project, which generally consists of an amenity center, entry feature improvements, landscaping improvements, roadway improvements, drainage systems and public potable water and sewer system improvements benefitting certain lands located within the Belmont development.

For additional information, please contact Brian A. Crumbaker or Tucker F. Mackie  or visit our Community Development Districts & Special Districts and Public Finance pages.

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