Midtown Miami Community Development to sell $91 million revenue bonds

By Sheri Kasprzak

New York, April 10 - The Midtown Miami Community Development District of Florida plans to price $91 million of series 2014 special assessment and revenue bonds, according to a preliminary official statement.

The deal includes $65 million of series 2014A parking garage project special assessment and revenue refunding bonds and $26 million of series 2014B infrastructure project special assessment refunding bonds.

The bonds will be sold through joint bookrunners Citigroup Global Markets Inc. and FMS Bonds Inc.

The maturities have not been set.

Proceeds will be used to refund the district's series 2004A-B revenue bonds, which were issued to finance the construction of a parking facility, as well as public open space, roadways, water and sewer facilities.

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