CDD 6 moves forward with bond refinancing

Supervisors on the Lakewood Ranch Community Development 6 board today granted approvals to move forward with refinancing the district's 2004A bonds.

The refinancing, which is slated to close Aug. 21 following the board's regular meeting, will affect homeowners of 233 properties of the 443 properties within the district — properties that funded the original bond.

Supervisors will fund about $58,700, which is needed to make refinancing financially feasible, out of $241,000 in reserves.

For a complete story, see the Aug. 6 issue of the East County Observer.

Contact Pam Eubanks at [email protected].