[villages07]

It is not a crystal clear setup....


We pay amenity fees to the Central CDD for rec centers, pools, exec golf courses --- the fee is to payoff the initial purchase of the facility and provide for its ongoing maintenance and operation. This part is pretty clear to me.

These central CDDs are run by supervisors appointed by the Developer. Ok, again understood.

The Central CDD buys amenity facilities from the Developer as areas are built out. The really fuzzy part of this is who, at this point, owns the purchased amenities? The Central CDD is an entity, a business -- it is not us. So, we are more like club members paying a fee to use facilities rather than a condo association who actually owns the properties.

The squares are totally outside the purview of what the residents pay for. The central CDD may manage their maintenance but from funds collected from the developer and/or commercial tenants.

Forever_villager...thanks for your insights; it sounds like you have done extensive research on this topic. I'd be curious to hear your take on the process whereby the commercial CDD buys amenity facilities from the developer...how they set the value and whether the process seems fair.

I have great respect for the job done by the Developer to create the Villages. Everything runs very smoothly right now for what to me seems to be a very reasonable fee structure. My greatest hope is that it will always be a great value to live here and continue to be operated as efficiently as it is today...my biggest fear is that after buildout when the residents get more involved in government this vision may not hold forth or all of a sudden huge deferred maintenance expenses will be exposed.