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CDD 21-0480HILLSBOROUGH COUNTY · LOCALSession 2021local legislationUNKNOWN
Local Impact

Proposal to Create Mangrove Point and Mangrove Manor Community Development District

Original title: CDD 21-0480: Petition to Establish Mangrove Point and Mangrove Manor CDD

September 9, 2021

infrastructurecommunity developmentlocal governmentbondsreal estate

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The Frame

What this does

The establishment of this district creates a legal entity authorized to issue bonds to finance $10,716,326 in infrastructure costs, which will be repaid by property owners within the district.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Property owners within the district

Property owners within the district boundaries will be subject to assessments to repay the long-term bonds issued by the CDD.

What changed

Last recorded activity September 9, 2021.

What's next

Next step not available in the current record.

Summary

This ordinance proposes the establishment of a new called Mangrove Point and Mangrove Manor. The district would oversee infrastructure development for the area, with a significant portion of the costs funded through long-term bonds.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The establishment of this district creates a legal entity authorized to issue bonds to finance $10,716,326 in infrastructure costs, which will be repaid by property owners within the district.

Frequently Asked Questions

What is a Community Development District (CDD)?
A CDD is a special-purpose government unit created to plan, finance, construct, operate, and maintain community-wide infrastructure.
How will the infrastructure for this project be paid for?
The project budget is $14,464,317, with $10,716,326 of that amount expected to be funded by issuing long-term bonds.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection90% confidence

High reliance on bond financing

The project relies on bond proceeds for 74% of its total infrastructure budget, indicating a high debt-to-cost ratio for the development.

Mangrove Point and Mangrove Manor Community Development District

Connected Entities

bill_numberCDD bond proceeds“Source of funding”Map →
locationMangrove Point“Name of the community”Map →
dollar_amount$14,464,317“Total budgeted amount”Map →
organizationMangrove Point and Mangrove Manor Cypress Ridge Community Development District“The newly established CDD”Map →
otherCDD“Community Development District”Map →
locationMangrove Manor“Name of the community”Map →
locationCypress Ridge“Name of the community”Map →
dollar_amount$10,716,326“Amount funded by bonds”Map →

Sources

Open source document

...

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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