CUSIP 880889AB6

  • ISIN: US880889AB65
  • Entity Name: Tern Bay Community Development District
  • Sector: Municipal Agency
  • Announcement Date: 03-Aug-2018
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: 01-May-2015
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Default Cure
  • News: NOTICE IS HEREBY GIVEN that the principal and interest payment delinquencies reported on EMMA for the period between November 1, 2009 and May 1, 2018 corresponding with real estate owned by the above named Obligated Person have been remedied. The delinquencies were cured by virtue of agreements executed in connection with the trustee and bondholders direction and consent letter permitting the sale of SPE-owned real estate assets to Lennar Homes, LLC (Lennar). Proceeds from the real estate sale were used to pay a portion of the outstanding Series 2005A and 2005B Bonds, among other directed uses, and all remaining delinquent assessments were cured at this time. The District has recorded revisions to the assessment lien book in connection with the real estate sale.
  • Description: Municipal Name: Tern Bay Community Development District CUSIP: 880889AB6 Currency: USD Tern Bay Community Development District announced today that it has been cured and the Bonds are no longer in default for the previously announced Event of Default relating to its related to Series 2005B, Capital Improvement Revenue Bonds.
  • Bond Document:
  • Latest Corporate Actions:

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