Keep in mind how the whole scam works.
In this state a developer can build infrastructure, have it appraised by those it put in place, get paid for it...then hand off the maintenance to the local entity (usually county).
Consequently, where is the incentive from the developer to ensure high quality in the infrastructure for the long term (versus finding the cheapest contractor to build it), when they've already been paid for them...and others are left to pay for any shoddy workmanship in the future?
Community development district - Wikipedia
Quote:
While the developer controls the BoS, he or she may direct the board to purchase the common property from the developer at highly inflated values determined by special appraisers, who use an income approach appraisal method rather than the standard, cost approach.
This is legal because the appraisal is approved by the BoS. The district manager, hired by the BoS, may administrate for the interests of the developer rather than the residents.
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