Quote:
Originally Posted by retiredguy123
There are no HOA fees because the homeowners don't own the amenities. The Villages owns and maintains the amenities and charges homeowners a monthly amenity fee to cover the cost. There is also an annual maintenance fee of about $300 to $500 that appears annually on your property tax bill. That fee covers the cost to maintain the infrastucture such as utilities.
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If this is true than I have been misunderstanding the system. Not sure what you mean by "The Villages" when you say they own the amenities. My understanding is that The Developer owns the amenities in the newly developed areas until a certain point in time when the developing phase has ended, and then the amenities are bought by that particular CDD. Each separate CDD does not, however, administer the finances. There are 3 entities that do that. One of them is the developer for the aforementioned areas still owned by the developer, and the others have acronyms I don't remember, but they pool the money and administer the funds to pay for the amenity infrastructure and maintenance.