Talk of The Villages Florida - View Single Post - Why are the taxpayers, and not the developer, paying for the expansion of the village
Thread: Why are the taxpayers, and not the developer, paying for the expansion of the village
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Old 10-03-2019, 06:02 PM
manaboutown manaboutown is offline
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Quote:
Originally Posted by dewilson58 View Post
The county.


Added:
What is the Bond Debt Assessment for?

The bond debt assessment reflects each lot’s proportionate share of the cost of building the infrastructure within its District or for which its District has responsibility. It is the most equitable method of distributing costs between the properties that benefit from the infrastructure. Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc.
If the bond debt on an individual house provides for system-wide infrastructure then why are the bonds on Patio Villas and Premier homes not the same? The bonds on Premiers are much higher. The bond on an individual house must somehow relate to the cost of infrastructure related to that particular house within its part of the overall development.
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