LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Est. 2018 Located in Polk County, Florida

Background

The Lucerne Park Community Development District (“District”) is an independent special district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by the City Commission of the City of Winter Haven’s approval of Ordinance No. O-18-50, on June 11, 2018. The District includes within its boundaries approximately 102.81 acres.

A map of the District’s boundaries can be found here: LINK

District Infrastructure and Property

The District intends to issue its Series 2018 Bonds (“Bonds”) to fund the construction and/or acquisition of stormwater management improvements, landscaping, utilities improvements, and roadway improvements.

District Annual Budgets

 The District will annually approve both a Series 2018 Bonds debt service budget and an operations and maintenance “O&M” budget.  The Series 2018 Bonds require level annual debt service and so the bond debt service budget will not vary substantially from year-to-year.

The adopted O&M budgets for the District’s 2017-2018 and 2018-2019 fiscal years can be found here: LINK

District annual Non-Ad Valorem Assessments

The District annually collects from property owners within its boundaries both a bond debt service assessment and an O&M assessment.  The bond debt service assessment helps amortize the District’s Series 2018 Bonds.  The O&M assessment funds the District’s annual O&M activities.

(A schedule of the District’s annual non-ad valorem assessments can be found here: LINK)

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