DOUGLAS COUNTY, Colo.--(BUSINESS WIRE)--The Sterling Ranch Community Authority Board (the “Issuer”) plans to issue approximately $85,000,000 of Limited Tax Supported and Special Revenue Senior Bonds, Series 2017A and Limited Tax Supported and Special Revenue Subordinate Bonds, Series 2017B (collectively, the “Series 2017 Bonds”) for the primary purpose of funding and reimbursing a portion of the costs of acquiring, designing, constructing, and installing certain public infrastructure improvements required to support the development of property in the Sterling Ranch Colorado Metropolitan District No. 3 ( “District”).
The District is comprised of residential property and is part of a development, consisting of an approximately 3,400-acre master planned community known as “Sterling Ranch”, located in the “Chatfield Basin” in the northwest portion of Douglas County and the southwest portion of the Denver metropolitan area.
The Board has retained Citigroup Global Markets Inc. to serve as its underwriter for the Series 2017 Bonds, which are being offered and sold only to “Financial Institutions and Institutional Investors” as such terms are defined in Section 32-1-103(6.5) Colorado Revised Statutes as amended.
This press release is an advertisement and is not a prospectus or an offering to purchase Issuer bonds. A prospectus for the Issuer’s bond offering will be prepared and made available prior to the sale of any Issuer bonds. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.