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Old 10-24-2024, 09:27 AM
BrianL99 BrianL99 is offline
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Originally Posted by bilcon View Post
It is nice to know that the "Villages Realtor" will explain it to you. When I bought 15 years ago, the Bond topic was never discussed. Luckily, I spoke to a lot of residents before I bought and they informed me about the bond. (Impact Fees). We are one of the few developments that charges the homeowner a bond, but I'm not complaining because the infrastructure was well planned.
The Bond and Impact fees, are separate and distinct. The "Bond" is not, in any way, related to Impact Fees.

Nor is The Villages "one of the few developments that charges the Homeowner a bond". Almost all large residential developments in Florida have been developed using the CDD model (& bonds), for over 40 years. There are 1635 "Special Districts" in Florida, of which 575 of them are CDD's.