Midtown Miami Community Development District 2014 Financing Plans
News provided by Severn Trent on Wednesday 2nd Apr 2014
Re: Midtown Miami Community Development District
Special Assessment and Revenue Refunding Bonds, Series 2014A (Parking Garage Project) and Special Assessment Refunding Bonds, Series 2014B (Infrastructure Project)
The Midtown Miami Community Development District (the “District”) plans to undertake bond financing activities in the month of April 2014 to: (i) refund and redeem the District’s outstanding Special Assessment and Revenue Bonds, Series 2004A (Parking Garage Project) and Special Assessment Bonds, Series 2004B (Infrastructure Project) (ii) fund deposits to the debt service reserve accounts for the Series 2014A Bonds and the Series 2014B Bonds, respectively, and (iii) to pay the costs of issuance of the Series 2014 Bonds. The District has retained Citigroup Global Markets Inc. and FMS Bonds Inc. to serve as underwriters during these bond financing activities.
The District was established for the purpose of financing the acquisition and construction of and managing the maintenance and operation of the infrastructure and parking garage facilities necessary for development of the lands within the District. The District is authorized to issue bonds for several purposes, including, but not limited to, financing the cost of acquisition and construction of parking facilities, roadways, water and sewer facilities, a stormwater management system, streetscape and landscape improvements. The District encompasses approximately 56 gross acres of land located entirely within the City of Miami, Florida and within Miami-Dade County, Florida.
This press release is an advertisement and is not a prospectus or an offering to purchase District bonds. A prospectus for the District’s bond offering will be prepared and made available prior to the sale of any District bonds. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.
Special Assessment and Revenue Refunding Bonds, Series 2014A (Parking Garage Project) and Special Assessment Refunding Bonds, Series 2014B (Infrastructure Project)
The Midtown Miami Community Development District (the “District”) plans to undertake bond financing activities in the month of April 2014 to: (i) refund and redeem the District’s outstanding Special Assessment and Revenue Bonds, Series 2004A (Parking Garage Project) and Special Assessment Bonds, Series 2004B (Infrastructure Project) (ii) fund deposits to the debt service reserve accounts for the Series 2014A Bonds and the Series 2014B Bonds, respectively, and (iii) to pay the costs of issuance of the Series 2014 Bonds. The District has retained Citigroup Global Markets Inc. and FMS Bonds Inc. to serve as underwriters during these bond financing activities.
The District was established for the purpose of financing the acquisition and construction of and managing the maintenance and operation of the infrastructure and parking garage facilities necessary for development of the lands within the District. The District is authorized to issue bonds for several purposes, including, but not limited to, financing the cost of acquisition and construction of parking facilities, roadways, water and sewer facilities, a stormwater management system, streetscape and landscape improvements. The District encompasses approximately 56 gross acres of land located entirely within the City of Miami, Florida and within Miami-Dade County, Florida.
This press release is an advertisement and is not a prospectus or an offering to purchase District bonds. A prospectus for the District’s bond offering will be prepared and made available prior to the sale of any District bonds. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.
Press release distributed by Pressat on behalf of Severn Trent, on Wednesday 2 April, 2014. For more information subscribe and follow https://pressat.co.uk/
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Midtown Miami Community Development District 2014 Financing Plans
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