The amenities fee (about $155 per month for most homes and paid to the CDDs) pays to maintain the amenities (executive golf courses, rec centers with pools., etc.). The bond paid for their initial construction plus other infrastructure. The other golf courses (the 18 hole championship courses) are owned and run by the Developer and are not funded by the amenities fee.
Quote:
Originally Posted by Double Eagle
Thank you for the tax explanation.
Others have said that the bond does not pay for things such as golf courses, swimming pools, etc. Isn't that what the amenities fee is for? As such, what is in essence a tax free municipal bond pays for private golf courses and such?
Thanks again. Just trying to learn.
|