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03-04-2009, 02:03 PM
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Junior Member
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Join Date: May 2008
Posts: 23
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Quote:
Originally Posted by Lauren Ritchie
The Village Center CDD has the authority and power to issue bonds and to levy property taxes, though it has never done the latter yet to date. It also has the power to make everyone in the Villages repay the bonds, not just property owners inside the district, which, as I'm sure most of you know, are all commercial. The board is controlled by the developer, who acknowledges this openly in all the bond documents and in replies to the IRS, which are public record. The district is set up so that Morse always will control it until he choses to relinquish that control.
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Quote:
Originally Posted by SteveZ
And yes, there is an annual common-area fee similar to what a homeowner's association (Orlando is full of them!) levies on all within a development for maintenance and upkeep of the common areas.
The CDD concept is not all that bad, in that when it works, it works very well.
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Quote:
Originally Posted by Muncle
That might have been a good time to explain Florida Statute 190 and the CDD concept,...
CDDs are very big in Florida …
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Apparently CDDs are big in Florida. Are they usually drawn without any residents in them? Or, is this something that is unique to The Villages?
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