Talk of The Villages Florida - View Single Post - Steep increases in PWAC funding attributed to Community Development District 12
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Old 07-21-2018, 10:40 AM
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Quote:
Originally Posted by jdguscinski View Post
Goldwing - there is NO way that district 9 and 12 are the same size!!!
You have to look at the numbers that are used for budgeting purposes, in this case Assessable Acres, the residential areas. In CDD9 that number is 1170 acres and CDD12 it is 1185 acres, so very close is size and therefore their portion of the Project Wide is nearly equal.

Home count is greatly different in the two districts, CDD9 has 5409 homes and CDD12 will have approximately 3637 homes according to the CDD12 documents. This works out to 4.62 homes/acre for CDD9 and 3.15 h/a for CDD12.

Actual acreage for the two districts also vary significantly with CDD9 being 1286 acres and CDD12 at 1490 acres. This 200 acre difference is basically amenity and common areas, with CDD12 having a lot more of the district properties being dedicated to amenities and open spaces that any other district. Amenities are funded from a different budget and not a part of the Project Wide Fund budget.

What this translates to is that CDD12 has more assessable acreage per home and will have higher maintenance assessments.

The budgeting process in this case doesn't look at the actual number of homes but the number of acres that fall under the Project Wide Fund responsibility. In this respect they are nearly the same size.
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