WEST PALM BEACH, Fla.--(BUSINESS WIRE)--CityPlace Community Development District (“District”) plans to issue approximately $40,000,000 Special Assessment Convertible Capital Appreciation Bonds, Series 2018 (2018 Project) during the month of July 2018 (the “2018 Bonds”). The District has retained Citigroup Global Markets Inc. to serve as its sole managing underwriter during these bond financing activities.
The proposed 2018 Project which will be financed by the proceeds of the 2018 Bonds will upgrade the streetscape infrastructure by eliminating the vertical curb separation between the vehicular and pedestrian surfaces, provide new streetscape and landscape infrastructure and provide surface improvements for the site. Reconstruction of the central plaza at the heart of the mixed-use development known as CityPlace will incorporate new landscaping/irrigation, signage, lighting and create a lush, refreshing outdoor gathering space supporting the surrounding retail and residential users.
This press release is an advertisement and is not a prospectus or an offering to purchase District bonds. A prospectus for the District’s bond offering will be prepared and made available prior to the sale of any District bonds. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.