Village Center CDD to Sell Taxable Refunding Bonds
 

This email digest just arrived in my email, but my trial subscription has expired and I can't access the entire article. Any bond experts out there who can interpret for us?

(NOT asking for the genesis of the whole issue….most of us already know the story up until now. For those who don't know, there are various past threads on the subject.)

Village Center CDD to Sell Taxable Refunding Bonds
BY NAOMI JAGODA
SEP 17, 2014 11:17am ET

The Village Center Community Development District in Florida, whose status as a political subdivision that can issue tax-exempt bonds has been disputed, is planning to price three issues of taxable refunding bonds next week.

Village Center CDD to Sell Taxable Refunding Bonds - The Bond Buyer

Old news. Most likely on hold due to a lawsuit that was filed.

The VCCD began the process of refinancing bonds to a lower interest rate this week. The Sumter Landing CCD is on hold due to the lawsuit.