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Council approves up to $11 million bond issuance for Independence at Lincoln CFD
Summary
Council authorized a bond issuance not to exceed $11 million to reimburse developer Lewis Communities for public infrastructure in the Independence at Lincoln Community Facilities District (CFD 2019‑1); council approved related financing documents unanimously Oct. 28.
The Lincoln City Council voted Oct. 28 to approve a bond issuance and related financing documents for Community Facilities District (CFD) 2019‑1, Independence at Lincoln, to reimburse infrastructure installed by the master developer.
Bond counsel explained the action would allow the CFD to issue bonds in an amount not to exceed…
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