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Commission authorizes interlocal deal to exclude reimbursed items from Highland Park CDD bonds
Summary
The commission authorized an interlocal agreement to ensure certain developer‑paid oversizing and a traffic signal for the Highland Park development are excluded from future Community Development District bonds and reimbursed directly to the developer as agreed.
The City of Newberry authorized an interlocal agreement with the Highland Park development on Sept. 8 that documents reimbursement and ensures city‑reimbursed, developer‑installed infrastructure items will not be included in Highland Park Community Development District bonds. Assistant development and infrastructure manager Jamie Jones explained the agreement covers two main items: oversized wastewater infrastructure (installed by the developer to serve both the developer’s property and…
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