Quote:
Originally Posted by Laker14
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.
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Someone please correct me if I'm wrong...
- The Developer owns everything initially - houses, roads, rec centers, dog parks, etc
- People purchase homes
- Most roads are turned over to the County
- A CDD is established for local governance and for maintenance of common areas
- Amenities (golf courses, pools, rec centers, dog parks, etc) are turned over to the Villages CDD covering the area (North of 466 = VCCDD, 44 to 466 = SLCDD, South of 44 = ???).
- "Turning over" might involve payment to the Developer
When the dust settles:
- The resident owns the home
- The numbered CDD owns the common area and the Villa roads
- The County owns the non-Villa roads
- The Villages area CDD (VCCDD or SLCDD) owns the amenities
Amenity fees are paid monthly monthly on your utility bill and go to the CDD covering the area (VCCDD or SLCDD). Amenity fees pay for gate attendants, rec center employees, neighborhood watch, pool chemicals, new roofs on the rec centers, etc.
Maintenance fees are paid yearly on your tax bill (about $500) and go to your numbered CDD (CDD10 gets mine). These fees are used for maintenance of common areas such as entrance signs, painting some villa walls, flowers, maintenance of villa roads, filling sinkholes near retention ponds, etc.
A portion of the Maintenance fees from Districts 5-11 (currently) are pooled for project-wide maintenance activities (mowing common areas, flowers in common areas, fixing sinkholes, etc). The Project Wide Advisory Committee (PWAC) is a group of supervisors from Districts 5-11 that advises the SLCDD on the use of the pooled funds. They also make recommendations to the SLCDD on the use of Amenity fees.
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