[Bogie Shooter]

Originally Posted by Hifred

It won't be long. Retirement day for me is June 30th. My possessions are in a POD, I am closing on the sale of my home May first and before you know it I will be coming to live in the Villages. A dream I have had for a number of years. I want to make sure I understand and budget correctly so I can enjoy the lifestyle without being overwhelmed by costs. The amenity fee is straight forward and is the monthly cost for using the pools, rec centers, entertainment and such. This I believe is about $159 to $179 a month. Then there is the bond fee which I believe I understand. That is the cost of the infrastructure and is paid once a year with your tax bill. The bond fee is based on the number of homes in your community and the location of your home. So villas pay less than premier homes, etc.. This cost is paid yearly and does not change. What I don't understand is the CDD Maintenance fee. Does this amount change over time? Can their be more than one CDD Maintenance fee? How is the CDD Maintenance fee determined? How do I know what to expect? Is this fee voted on by residence? Is this fee capped at a certain percent a year? Is this amount higher in a newer area than in an older area? I heard there may be a fee for the repair of a bridge would that be an example of a CDD maintenance fee? The reason I am asking is that if you live in an area that is not near the bridge would you be billed for it? I am not sure if the CDD maintenance fee is just for your neighborhood or if you can incur a fee for that just because you live in the Villages in general. Your help is appreciated with answering these questions.

Some answers can be found here.
Residential Bond Assessment Information
Bond Amortization Schedules
VCDD FAQs