Series 2019 Bond Sale is Launched

Yesterday, the District’s finance team officially launched the sale of the District’s Series 2019 Bonds by publishing the Notice of Sale and the Official Statement.

Competitive Sale of the Series 2019 Bonds

The bonds will be sold competitively in a public auction process using the Parity/BidCOMP competitive bidding system. The bids will be received on November 13, 2019 at 11:00 AM EST. The award will be based upon “lowest true interest cost”. The District will announce the results no later than 2:00 PM EST on November 13th.

Closing on the Bonds and on the Purchase of the Club, Recreational Faculties, and the Land

The District anticipates a pre-closing on the transaction, including the bond sale, purchase and sale agreement, management agreement and mutual cooperation agreement, along with all other documents, on November 21st or earlier with closing to follow promptly thereafter.

Closing Celebration on December 4, 2019 at about 4:00 PM EST

The District plans to celebrate the closing of the bonds and the purchase with a casual, celebratory, gathering immediately following the December 4th Recreation
District Workshop at 4 pm in The Lakeside Room.

Upcoming Meetings

Workshop December 4 4:00 PM Lakeside Room
Regular Meeting December 13 1:00 PM Lakeside Room

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