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Published on 10/7/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Village Center, Fla., calls $96.68 million recreational revenue bonds

By Tali Rackner

Norfolk, Va., Oct. 7 – The Village Center Community Development District of Florida called $96,675,000 of its series 2003A and 2004A recreational revenue bonds in full, according to two notices.

The district will redeem $57.25 million of 5% 2003A bonds due Nov. 1, 2032.

The district will also redeem $15.81 million of 5.375% 2004A bonds due Nov. 1, 2034 and $23,615,000 of 5.125% 2004A bonds due Nov. 1, 2036.

The 2003A bonds will be redeemed at par plus accrued interest, and the 2004A bonds will be redeemed at 101 plus accrued interest to the redemption date of Nov. 1.

U.S. Bank NA is the trustee or agent.


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