“Stewardship Districts”…What are they?

The District is a local unit of special-purpose government of the State of Florida, created pursuant to Chapter 2005-338, Laws of Florida as amended (the “Act”). Among the purposes for which the District was established are financing the acquisition and construction of, and the maintenance and operation of the infrastructure, and other public facilities necessary for development of the lands within the District. The Act authorizes the District to issue bonds for purposes, among others, of financing the cost of acquisition and construction of assessable improvements including water management and control, water supply, wastewater management, reclamation and reuse, roadway improvements, landscaping, street lights, parks and other basic infrastructure projects within and, in accordance with the provisions of the Act, without the boundaries of the District.