Bond vs Amenity Fees
AMENITY FEE:The maintenance bill for common areas maintenance is on your monthly VCCDD bill with the trash and water charges. This amenity charge covers the common grounds maintenance.
THE BOND: The purpose of the Chapter 190 law was and is to promote housing development through use of tax-free bonds that developers use to lower the cost of homes in these residential communities. Developers issue bonds to pay for initial infrastructure (clearing, grading, sewers, roads, water supply, utilities, etc.). The original construction bonds are assigned to the CDD's initial residents and eventually paid off by residents over periods of 10-30 years.
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Lexington MA, Chelmsford MA, Nashua NH, The Villages, Florida
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