[livsea2]

Originally Posted by JohnM

My understanding is that the executive golf courses (not the championship courses) and the rec centers are eventually sold to the two special CDDs, i.e., VCCDD and SLCDD. These two CDDs are run by boards elected by the property owners in each CDD in accord with FL law. There are no residents in these two CDDs as these CDDs consist of the commercial properties. See:

http://thevillagesfl.blogspot.com/20...executive.html

If my understanding is correct, the developer controls (and will continue to control) the VCCDD and SLCDD and hence the rec centers and executive golf courses.

I have no data on whether or not the developer subsidizes the costs of the amenities. I have heard that the amenities fees cover the costs, but I have no data. It certainly would be reassuring if the amenities fees paid the costs of the amenities. Keep in mind that there are a variety of "amenities" and are apparently funded differently (golf courses and rec centers by amenities fees, country clubs and championship courses funded by fees charged, entertainment in the squares by the businesses, other amenities???).

Anyone have financial data?


If I read this linked information correctly. The "special CDD's do not have members elected by the residents. Rather they are appointed by the developer forever. The amenities are controlled by the developer but paid for by the residents. This is the biggest concern I have about buying in the villages. I probably will anyway but the "special CDD's concern me greatly.