DPFG ASSISTS LOCAL PROPERTY OWNER WITH SHOW LOW BLUFF CFD - GO BOND ISSUANCE

DPFG ASSISTS LOCAL PROPERTY OWNER WITH SHOW LOW BLUFF CFD - GO BOND ISSUANCE

Phoenix, AZ (prHWY.com) May 3, 2011 - Development Planning & Financing Group, Inc. ("DPFG") working with the property owner, the Show Low Bluff Community Facilities District ("CFD" and/or "District") and their consultants assisted in the issuance of a $450,000 general obligation bond ("Bond") for the acquisition of roadway, sewer and drainage improvements related to the Show Low Bluff master planned community located in Show Low, Arizona. The Bonds, which closed on April 26, 2011, priced at 7.75% have a 12 year term and are supported by an additional $3.25 ad valorem property tax placed upon all property contained within the boundaries of District.


This Bond closed the same day in which the Phoenix, AZ office of DPFG assisted in the closing of a Community Infrastructure District ("CID") $3.92 million special assessment bond in Boise, Idaho. The CID bond proceeds will be used for the acquisition of rights-of-way from the landowner, construction of a green belt as well as the acquisition of improvements related to a fire station site. The Idaho bonds priced at 9%, have a 30 year term, and a 2.76 -to-1 value-to-lien ratio.


The two transactions illustrate that development financing through the use of special taxing districts is still available to assist viable development projects move forward. For more information on how DPFG can assist in the financing of your project, please call Carter Froelich at (602) 381-3226 ext. 10 or email at carter.froelich@dpfg.com.

###

Tag Words: special taxing districts, acquisition, show low bluff, dpfg, carter froelich, cfd, cid

Categories: Real Estate

Press Release Contact
Steven Caruso
27127 Calle Arroyo, Suite 1910
San Juan Capistrano, CA 92675
steven.caruso@dpfg.com
949-388-9269 ext. 111

Link To This Press Release:

URL HTML Code