[Goldwingnut]

Originally Posted by blueash

The bond is not going to be refinanced as it was taken out by the Morse family's corporation(s)/CDD's to finance the building of the infrastructure. There is no incentive for refinancing as the bond holders are making money and there is no municipality that would benefit from the refinance as it is the homeowners paying it, not the CDD.

You are incorrect in this statement, the bods for districts 3 thru 8 were reissued in 2013-2104 to take advantage of lower interest rates. The homeowners still owing on the original bonds benefited by the lower rates by a lower annual payment on the reissued bonds.

Other than paying for the work provided by the Developer, the developer is basically out of the loop on the bonds that are issued and receives no benefit for either the interest or administrative fees that are charged.