Quote:
Originally Posted by Dond1959
The bonds are for the CDD which is a common vehicle in Florida to pay for infrastructure. Not all developments use them but a lot do outside The Villages. I built in 2018 and the bond and yearly payment was clearly pointed out to me in the materials I received BEFORE signing for my lot. There was no surprise that this annual payment was going to occur. I am not sure what others have received but it appeared to be a standard form with all the costs included. All the other fees and costs were also clearly spelled out before I signed for the lot. My experience was the developer and my sales agent didn’t hide or fail to disclose anything.
Finally, the roads within the development are part of that infrastructure. So the developer paid for Fenney Way and all the roads around it in the south. The 25% tax increase will pay for maintenance of roads the county has taken over and new regional roads to prepare for future growth. I wish the county would have planned better but I am glad they are adding roads ahead of the growth.
|
Did the sales agent disclose the Admin Fee that you pay every year? If so, could you explain it? (I honestly don't know the basis for it.)
As to your second point, the construction of NEW roads are necessitated by the Developer's massive expansion of The Villages. They should be paid for via the Developer's impact fee, not by the taxpayers.