Talk of The Villages Florida - View Single Post - CDD 4 board gives preliminary approval to 20% hike in maintenance assessment
View Single Post
 
Old 06-11-2022, 10:24 AM
tophcfa's Avatar
tophcfa tophcfa is offline
Sage
Join Date: Feb 2015
Location: Wherever I happen to be.
Posts: 7,723
Thanks: 3,607
Thanked 11,258 Times in 3,578 Posts
Default

Other CDD’s might not be responsible for non Villa roads, but they are on the hook for time bombs lurking below the roads. CDD1’s budget just got hit with an unexpected $200k hit to fix a failed pipe joint, along with geo-engineering costs (aka sinkhole exploration study), on San Marino Drive. Hopefully the geo-engineering study won’t uncover another expensive budget stressing time bomb. It certainly raises a reasonable question of how many other relatively young (30 year old) pipe joints are nearing a failure event?