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Old 04-25-2008, 10:14 PM
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chuckinca chuckinca is offline
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Default Re: Explanation of Bond?
Subdivision developers usually pay the site work and utilities and prorate the cost to the individual property and it is included in the sale price.

Does anyone know why the buyers in TV are given the option of paying for the prorated site work up front in their purchase (as is normally done elsewhere) or paying it on time to the county (whom I assume pays the developer as a lump sum up front and collects the bond interest from the buyers to cover the county's finance costs). Why would the county get want to involved?
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