HOLLY HILL ROAD EAST COMMUNITY DEVELOPMENT DISTRICT
Est. 2017; Located in Polk County, Florida
The Holly Hill Road East Community Development District (“District”) is an independent special district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by the City Commission of the City of Davenport’s approval of Ordinance No. 814, on July 10, 2017. The District includes within its boundaries approximately 97.22 acres.
A map of the District’s boundaries can be found here: Map
District Infrastructure and Property
The District intends to issue its Series 2017 Bonds (“Bonds”) to fund the construction and/or acquisition of stormwater management improvements, landscaping, utilities improvements, and roadway improvements.
District Annual Budgets
The District will annually approve both a Series 2017 Bonds debt service budget and an operations and maintenance “O&M” budget. The Series 2017 Bonds require level annual debt service and so the bond debt service budget will not vary substantially from year-to-year.
The adopted O&M budgets for the District’s 2016-2017 and 2017-2018 fiscal year scan be found here: LINK
District annual Non-Ad Valorem Assessments
The District annually collects from property owners within its boundaries both a bond debt service assessment and an O&M assessment. The bond debt service assessment helps amortize the District’s Series 2017 Bonds. The O&M assessment funds the District’s annual O&M activities.
(A schedule of the District’s annual non-ad valorem assessments can be found here: LINK)