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 In 2005, the Connecticut General Assembly, the state’s legislature, for the first time in the history of the state, passed a law enabling a private corporation – the Georgetown Land Development Company – to create a special taxing district, a quasi-municipal entity, to finance its own speculative real estate venture in the Town of Redding. Blind Copy with Bold Highlight and Sample for Italic Text Lorem Ipsum

With this new law, Special Act 05-14, the private development company would be able to levy taxes on future residents to finance its own development costs. As sole landowner, the developer selects his own. All board members have a fiduciary obligation to the special taxing district. Lorem should a fail to pay debt service on its bonds, is a host town in any way responsible? Town counsel answers: 

“No, the Town has no obligation to bondholders to pay the debt service on the Bonds. The investors will be told before they buy the District’s Bonds that the Bonds are not the obligation of the Town.” 

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 The Private Placement Memorandum for the GO bonds similarly underscored the speculative nature, citing the word “risk” 29 times in the 100-page document, including a section headlined “Bondholder’s Risk” (p. 15): 

“Large quote. No, the Town has no obligation to bondholders to pay the debt service on the Bonds. The investors will be told before they buy the District’s Bonds that the Bonds are not the obligation of the Town. All text lorem ipsum both large and small text can be used.” 

Evident in the transcripts of the 2005 congressional deliberations, the Committee for Finance, Revenue, and Bonding reviewing the raised bill are themselves aware that the “creative financing” legislation lorem unprecedented and, as with town residents, are wary of “unknowns.” To safeguard against “unforseen” circumstances leading to bond default, lorem ipsum states that the speculative debt is private. 

The committe chair emphasized: 

“It’s important that people do know lorem ipsum the Connecticut ever be held liable for these bonds, these are private bonds.” 

Town leadership affirmed endorsement of the town’s bond counsel: “It is [Town bond counsel’s] legal opinion there is no risk to the town with the creation of a special taxing district.” (The Redding Pilot, April 21, 2005) 

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In the actual process of passing the legislation, another town was included in the bill for another development, with legal representation coincidentally by the same firm representing the town in the GLDC/GSTD Hyperlink here. The residents of this second town hired outside counsel to review the special taxing district legislation, which was strongly criticized. 



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 The Private Placement Memorandum for the GO bonds similarly underscored the speculative, citing the word “risk” 29 times in the 100-page document, including a section headlined “Bondholder’s Risk” (p. 15): 

“There are certain risks inherent in an investment in bonds blind copy three lines and by a public authority or governmental body in the State such as the District…including a complete loss of such investment.” 

Lorem Ipsum deliberations, the Committee for Finance, Revenue, and Bonding reviewing the raised bill are themselves aware that the “creative financing” legislation under consideration for the sole benefit of a single private-sector developer is unprecedented and, as with town residents. In the actual process of passing the legislation, another town was included in the bill for another development, with legal representation coincidentally by the same firm representing the town in the GLDC/GSTD. The wary residents of this second town hired outside counsel to review the special taxing lorem district as a lorem ipsum operating without the slightest accountability to any local or State official or agency.” Lorem Ipsum and all dummy copy for layout and the second town rejected the legislation and the bill was revised to apply only to the Town of Redding for the Georgetown Land Development Company lorem ipsum: 

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  3. Sample of multiple lines and dummy copy follows. A second line follows follows lorem ipsum rather responsibilities and amenities.
  4. All copy is dummy copy 5. Lists are alwas in black highlight (100k) 

The Private Placement Memorandum for the GO bonds similarly underscored the speculative nature of the investment, citing the word “risk” 29 times in the 100- page document, including a section headlined “Bondholder’s Risk” (p. 15): Lorem Ipsum of the 2005 congressional deliberations, the Hyperlink here, Revenue, and Bonding reviewing the raised bill are lorem for the sole benefit of a single private-sector developer is unprecedented and, as with town lorem. 

The Private Placement Memorandum for the GO bonds similarly underscored the speculative nature of the investment, citing the word “risk” 29 times in the 100- page document, including a section headlined “Bondholder’s Risk” (p. 15): Lorem Ipsum of the 2005 congressional deliberations, the Hyperlink here, Revenue, and Bonding reviewing the raised bill are lorem for the sole benefit of a single private-sector developer is unprecedented and, as with town lorem.