Quote:
Originally Posted by UsuallyLurking
The article indicates that the amenities (rec centers, executive golf courses) will be sold to the Sumter Landing CDD (which currently owns all of the amenities between 466 and 44 -- the Village Center CDD owns the amenities north of 466).
As the previous poster noted, this is standard procedure. It is important to note that the sale includes not only the amenities but also the amenity contracts of the residents in those areas (yes, their amenity dollars have been going to the developer -- for maintenance of the amenity facilities as well as for anything else the developer wants to use them for). I imagine that the Sumter Landing CDD will issue bonds to pay for the purchase, which will be paid for by the amenity fees it collects from residents.
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My home is located between 466 and 44. I have been paying for amenities and the maintenance fee on my property tax bill for 20 years. How much of my taxes will be going to the Developer for selling the amenities south of 44 to the District Government? Or will only the new property owners south of 44 be taxed?