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Narcoossee CDD Refunds Special Assessment Bonds

Posted Wednesday, April 17th, 2013

Narcoossee Community Development District (Orange County, Florida) refunded $4,180,000 in Special Assessment Bonds, Series 2002A, with the assistance of HGS attorneys Roy Van Wyk and Andrew Holway.  On February 27, 2013, the District issued its Special Assessment Refunding Bonds, Series 2013A-1, in the amount of $2,885,000 and Series 2013A-2 in the amount of $1,295,000.  The proceeds of the Refunding Bonds were used to refund and redeem the entire outstanding principal amount of the District’s Special Assessment Bonds, Series 2002A, and to pay certain costs associated with the issuance of the Refunding Bonds.  The refunding of the Series 2002 Bonds means a significant decrease in annual special assessments.

For additional information contact Roy Van Wyk or Andrew Holway.

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