North Springs Improvement District AgendaPacket Meeting of the Board of Supervisors 2026-06-03
District Directs Trustee to Redeem 2016 Refunding Bonds
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Description
North Springs Improvement District has issued written direction to U.S. Bank National Association, as Trustee, to redeem in full the Special Assessment Refunding Bonds, Series 2016 for the Heron Bay North Assessment Area at par plus accrued interest. The action will discharge the Indenture lien, close related accounts, and return any remaining balances to the District after all obligations are met.
Contract Details
Vendor
U.S. BANK NATIONAL ASSOCIATION
Agency
North Springs Improvement District, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 30, 2026
Contract Term
One-time early redemption and discharge of Special Assessment Refunding Bonds, Series 2016 (Heron Bay North) on a specified optional redemption date after May 1, 2021
Renewal Info
This is a directive under an existing trust indenture for early redemption and discharge of outstanding bonds; it does not renew or extend the trustee agreement.
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Special District
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