Quote:
Originally Posted by Muncle
A point that I think some people get confused on here is that these bonds issued by party B have nothing to do with the individual residents]and have no connection to the bond associated with individual residences. i.e., the phantom $12, $15, $17, $20K that seems to be added to your purchase price.
Am I totally off base?
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I agree that these bonds are totally separate and in addition to the bond on the house ($12, $15, $17, $20K), but I believe the bonds issued by the association party B
do have something to do with the residents. They are issued to pay for the amenity and the maintenance of it, the residents pay for the them, and all residents of the villages could have to pay if they are determined to be not tax free. The payment will be either in the form of higher amenity fees, or a tax on their property. The annual CDD assessment is also separate and for repairs of the infrastructure and is assessed by each district.
If I am wrong someone please correct me.