[Bill14564]

Originally Posted by Normal

To make things even more interesting:

Sumter County recently paid 50 million to the developer for roads around Southern Oaks. https://www.**************.com/2021/...southern-oaks/

As I wrote, the County effectively contracted with an outside firm to have the work done. That outside firm was the Villages. Others may choose to analyze whether the pricing was competitive.

Residents pay on average 40-50 thousand per home to the developer.

Is that some industry standard, do you have a source, or is it just a CBS estimate?

The developer is currently charged only about 1,000 per home.

And has for quite some time now. The table is dated 2020 but I suspect the amounts have been the same since before then.

Note that the current increase of about 10% is the first of four increases. I haven't read the report yet but it could be that a 40% increase was defensible and was divided to four equal increases to abide by the State law that was passed the last time an increase was proposed.

I wonder who wins in this math paradigm?

What math paradigm? But in any case, the existing homeowners who will see less of a tax burden from future developments, the new purchasers who will still only see a minor increase on a $400K home, the Developer who might decide they can eat a $120 fee and still sell homes at a profit, and likely others will all benefit from this.