North Boulevard CDD
Est. 2017 Located Polk County, Florida
The North Boulevard Community Development District (“District”) is an independent special district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by the City Commission of the City of Haines City’s approval of Ordinance No. 17-1555, on April 6, 2017. The District includes within its boundaries approximately 86 acres.
District Infrastructure and Property
The District has issued its Series 2017 and Series 2019 Bonds (“Bonds”) to fund the construction and/or acquisition of storm water management improvements, landscaping, utilities improvements, and roadway improvements.
District Annual Budgets
The District will annually approve both a Series 2017 and Series 2019 Bonds debt service budget and an operations and maintenance “O&M” budget. The Series 2017 and Series 2019 Bonds require level annual debt service and so the bond debt service budget will not vary substantially from year-to-year.
District annual Non-Ad Valorem Assessment
The District annually collects from property owners within its boundaries both a bond debt service assessment and an O&M assessment. The bond debt service assessment helps amortize the District’s Series 2017 and Series 2019 Bonds. The O&M assessment funds the District’s annual O&M activities.