MANATEE COUNTY, Fla.--(BUSINESS WIRE)--The Aqua One Community Development District (“District”) plans to issue up to $20,000,000 of Capital Improvement Revenue Bonds, Series 2017A-1 and Capital Improvement Revenue Bonds, Series 2017A-2 (the “Series 2017 Bonds”) for the primary purpose of financing and constructing certain public improvements included in the District’s capital improvement plan.
Aqua One is a master-planned community located on approximately 61.53 acres of land (the “Development”) located in Manatee County, Florida. The Development is located within the boundaries of the District and will be constructed in phases. The Development will include a crystal lagoon that will serve as the central recreational amenity for the Development.
The size, timing, structure and final approvals of the bond issuance will be dependent on market conditions, management considerations and other factors. The District is not obligated to complete the contemplated issuance of the Series 2017 Bonds. Under no circumstances shall this notice constitute an offer to sell or the solicitation of an offer to purchase the Series 2017 Bonds. Subject to the factors provided above, the District anticipates that the Series 2017 Bonds will be priced in the month of December 2017. The District has retained Citigroup Global Markets Inc. to serve as its underwriter. The initial offering of the 2017 Bonds is limited to accredited investors within the meaning of Chapter 571, Florida Statutes and the rules of the Florida Department of Financial Services promulgated thereunder.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any District bonds. An offering document 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 offering document.