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Old 10-23-2024, 08:57 AM
JWinATL JWinATL is offline
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Quote:
Originally Posted by retiredguy123 View Post
Basically, the bond is a one-time payment to construct the infrastructure (roads, utilities, etc), for the community. The money is borrowed and each homeowner pays his/her share over 30 years, but it can be paid off early. Assessments are annual payments to maintain the infrastructure, including the fire department. Assessments never end.
That is one of the most succinct and thorough explanation I have ever seen! Bravo!!!