Quote:
Originally Posted by rockyhyder
CDD has 5 elected Supervisors who manage the CDD budget, approve contracts for construction and services, and resolve community standards issues. I believe that is what the article is referring to as running the CDD.
Bonds are used to finance infrastructure because it is usually cheaper in terms of interest rate and it allows the CDD to pay the bond back over time using the proceeds generated from the infrastructure.
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Thanks for the info. There has been some controversy since the tax increase in Sumter and the fairness of the impact fee. The financing and governing structure of The Villages looks sound and well thought out. Would love to see an independent cost analysis of the Sumter tax increase and impact fee undertaken by the newly elected commissioners rather than trade pro/anti developer unsupported accusations back and forth.