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Commission approves Highland Park Community Development District on first reading, 4-1
Summary
On Feb. 10 the Newberry commission approved on first reading an ordinance to establish the Highland Park Community Development District, setting a second reading for Feb. 24; Commissioner Martin voted no citing concerns about expanding government.
The City Commission of Newberry voted 4-1 on Feb. 10 to approve on first reading an ordinance establishing the Highland Park Community Development District (CDD) under Chapter 190 of the Florida Statutes. Commissioner Martin cast the lone dissent.
Why it matters: A CDD creates a separate special-purpose unit of local government that can issue bonds, levy assessments and manage infrastructure for the district. Developers commonly use CDDs to finance roads, stormwater and…
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