Talk of The Villages Florida - View Single Post - Didn't they say Designer homes in Fruitland Park would would be $500K??
Thread: Didn't they say Designer homes in Fruitland Park would would be $500K??
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Old 07-08-2015, 06:56 PM
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Quote:
Originally Posted by Jim Stickel View Post
Hopping Green and Sams (great outfit) has an info sheet entitled "An Introduction to Community Development Districts and Stewardship Districts). Google it, it's a great read. Although the District (Rohan) does a good job the real pro is Gary Moyer (now a VP with the Developer) he was the District Manager before Janet Tutt and Pete Wahl. Gary was an architect of Chapter 190 the foundation F.S. for CDDs. Because a CDD is a Special District it is entitled to issue bonds (no problem for infrastructure bonds like those of the numbered districts but there is problem with the IRS whether the bonds issued by the VCCDD are muni's)....contrary to the SUN, the fat lady is not ready to sing. Wouldn't be surprised if the VCCDD and the PWA don't form a Stewardship district in the future. Most folks know the bonds as impact fees usually funded by the developer and included in the home price...our bonds are the direct responsibility of the homeowner....even if a house is never built.




How does that work? You can't close on a home here until it is finished in every way. Perhaps I didn't understand your point? Oh, and what is the PWA? And welcome to the forum. Been here long?
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