Re: Bonds
From an earlier post:
https://www.talkofthevillages.com/sm....html#msg48303
"In Florida, CDDs are special-purpose local governments approved by cities and counties to provide specific functions for its residents. The districts provide infrastructure and tax residents for it in the form of assessments and fees. Traditionally, a developer finances the infrastructure and then pays off his debt with home sales. In contrast, The Villages sells bonds to build the infrastructure and the residents are assessed a fee to pay off the debt."
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Kansas City, MO; Alamo & Albuquerque NM; Quad Cities; St Louis; DC ~ NOVA; Nuernberg; Heidelberg; DC ~ NOVA; Liberty Park ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Life is like a sewer. What you get out of it depends upon what you put into it.
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And it's Munc"L"e, not Munc"I"e
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