Bonnet Creek Resort Community Development District Issues Refunding Bonds

Bonnet Creek Resort Community Development District Issues Refunding Bonds

Monday, October 17, 2016

Latham, Luna, Eden & Beaudine attorneys Jan Carpenter and Andrew d’Adesky assisted in the refunding of the Bonnet Creek Resort Community Development District (Orange County, Florida) $50,145,000 Special Assessment Bonds, Series 2002 (the Series 2002 Bonds). On October 14, 2016, the District issued its Special Assessment Refunding Bonds, Series 2016, in the amount of $25,605,000 (the Series 2016 Refunding Bonds). The proceeds of the Series 2016 Refunding Bonds were utilized to refund the Series 2002 Bonds and to pay certain costs associated with the issuance of the Series 2016 Refunding Bonds. The refunding of the Series 2002 Bonds resulted in a significant decrease in the annual debt special assessments assessed to benefiting landowners within the District.

For additional information, please contact Jan Carpenter or Andrew d’Adesky.