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Old 08-25-2024, 05:20 PM
Bobfar1 Bobfar1 is offline
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Default CDD 14 Maintenance Assessment Analysis

I looked at the Maintenance Assessments for the various districts to compare what is being proposed for CDD 14 for 24-25 budget year. Looking at the forum comments about this issue it appeared many thought the 56% increase was due to the more spread-out nature of CDD 14, additional turnovers of maintenance areas not included in the prior year, and inflation. I created the attached analysis (I know I need a life).

In reviewing the attached analysis;
1. The spread-out nature of CDD 14 is not true, there are 5.06 homes per acre in district 14 basically the same or denser than other districts.

2. In the 23-24 maintenance assessment for CDD 14, the same unit numbers (units 40 thru 84) were charged a maintenance fee as in 24-25 so I don't see an increase in acreage or lots.

3. Inflation cause is true as most districts indicated an increase in costs but were able to cover this increase with other revenues like interest income. However, districts 12 thru 14 were not able to cover the increase with other revenue since they are new districts without a lot of reserves.

In my opinion, the 56% increase for CDD 14 was due to an incorrect allocation of EMAC costs between CDD 15 and 14. CDD 14 EMAC costs increased from $449,418 to $1,225,585 without an increase in area.
I am grateful the developer is considering a $2 million contribution to EMAC to offset this which is admirable. However, for next year this should be looked at.
Attached Files
File Type: pdf CDD 14 Analysis.pdf (425.7 KB, 258 views)