Background
The Magic Place 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 Ordinance No. 2016-22, adopted by the Board of County Commissioners of Osceola County, Florida on February 16, 2016, and amended by Ordinance No. 2019-43, adopted by the Board of County Commissioners of Osceola County, Florida on May 14, 2019. This District includes within its boundaries approximately 458.14 acres lying in Sections 9 and 10, Township 25 South, Range 28 East located in Osceola County.
District Infrastructure and Property
The District issued its Series 2019 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 2019 Bonds debt service budget and an Operations and Maintenance “O&M” budget. The Series 2019 Bonds require level annual debt service and so the bond debt service budget will not vary substantially from year to year.
District annual Non-Ad Valorem Assessments
A map of the District’s boundaries can be found here: PDF | RTF