Mediterra South Community Development District (Collier County, Florida) refunded its Capital Improvement Revenue Bonds, Series 2003A, with the assistance of HGS attorney Jonathan Johnson. On May 22, 2013, the District issued its Capital Improvement Revenue Refunding Bonds, Series 2013 in the amount of $4,030,000.
The proceeds of the Refunding Bonds will be used to refund and redeem the entire outstanding principal amount of the Series 2003A Bonds and pay certain costs associated with the issuance of the Series 2013 Bonds. The refunding of the Series 2003A Bonds resulted in a significant decrease in annual special assessments to District residents and landowners.
For additional information, please contact Jonathan Johnson.