Quote:
Originally Posted by jimdecastro
These costs will go up 5-20% a year simply on rising maintenance costs - CDD 13 was 15% this year. The reason this is a one-time fix is next year the Developer will not have financial control - the CDD will. By then, the CDD will be comprised of 5 residents of CDD 14 (I believe CDD 15 went up 18%). The maintenance fee after the 56% would have been (for my house) $837 a year ($70 a month). This is $4 more than CDD 13. I hope the increases are limited to 20% as we "catch up" and they are maintaining the quality as much as possible.
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Whether landowner elected when the only landowner is the Developer or landowner elected when the landowners are the homeowners or resident elected, the CDD is in control of the finances now and will be in the future. I don't know when the residency requirement kicks in for the supervisors but sure, it's likely they are not all residents now.
This is a one-time fix because it was a generous donation by the Developer. The Developer could donate again next year but that would be even more surprising than this donation.
Maintenance fees do not increase every year. My fee increased last year and will not be increasing this year. I have no idea what might happen next year. They increase as expenses change. My guess is CDD13 had not increased in a few years. CDD14 is relatively new and this might be their first increase. From the looks of the assessment documentation, CDD15 may not have had a fee last year (may not have existed).