Quote:
Originally Posted by Advogado
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.
|
On your first point, I don’t recall directly if the admin fee on the bond was disclosed or not, but the fee does not surprise me. Any bond issuance needs an agent to collect and distribute payments, keep accounting records and do other administrative tasks. This is not a unique fee for our bonds. It can either be buried in the interest rate and disclosed in the paperwork or a separate fee. You may think it is excessive but it is a normal part of a bond issuance.
On your second point about the roads, there is a regional road plan that has been agreed to by surrounding counties. My understanding is that is where the new roads will be built. Will it benefit the developer, absolutely. But it will also benefit those of us in the southern part of the county. My point is really to contrast areas where I lived before that built all the homes first and worried about traffic and roads second. Even if it is going to cause me some pain through increased taxes I am happy they are doing the roads before building homes.