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Mystic CFD votes to call public hearing and approve issuance plan for limited bond sale
Summary
The Mystic Community Facilities District board called a public hearing on a feasibility report and approved a resolution authorizing up to $2.5 million (expected closer to $1.8M) in general obligation bonds to acquire segments of El Mirage Road and Westland Road; motions passed unanimously.
At the Mystic at Lake Pleasant Heights Community Facilities District meeting on April 22, the district moved to call a public hearing on a feasibility report and approved a resolution to sell general obligation CFD bonds to acquire roadway segments constructed by a developer.
CFO Sean Bridal and consultants explained the feasibility report’s purpose: it lists projects eligible for CFD bond acquisition, maps infrastructure, estimates acquisition cost and financing plans. The…
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