City issues $3 million in COs for Colonies public improvement district parks
In conjunction with general obligation bonds issued July 18, 2018, the City issued $3,000,000 in Combination Tax and Revenue COs, Series 2018, to improve park facilities in the Colonies Public Improvement District. Debt service is paid from district special assessments.[1][2]
In conjunction with general obligation bonds issued July 18, 2018, the City issued $3,000,000 of Combination Tax and Revenue Certificates of Obligation to improve park facilities in the Colonies Public Improvement District, maturing through February 15, 2038.[1][2]
Principal
$3,000,000
✓ Verified
The City's financial report says special assessments paid by residents of the Greenways public improvement district service the debt on the certificates issued for its amenities, and that the City issued certificates in 2023 to reimburse the Colonies developer for enhancements.[1]