Quote:
Originally Posted by Happydaz
Amenity fees pay for the upkeep of all the squares. That is why amenity fees paid for the replacement of the water tower and windmill in Brownwood Square and why our amenity fees are being tapped to replace the boat launch and dock on the Sumter Landing Square. Don’t confuse the developer’s owned businesses around the squares with the squares themselves. Our amenity fees pay for all costs related to the squares themselves. We own them.
|
Sort of. We don't pay for entertainment (we might soon). We don't pay for roads, sidewalks, curbs, or traffic lights, etc. The Square itself is owned by the Sumter Landing Community Development District, who rents it to the Developer for $25/night.
[Not to go down a deep rabbit hole, but .... I assume the Developer gets the "rent" from any businesses or vendors who do business in the Squares? Of course, the Developer also controls the Sumter Landing Community Development District, so it's no surprise he gets reasonable rent.]
Quote:
Originally Posted by Normal
Do bonds pay for town center infrastructure?
|
I'm fairly certain CDD Bonds were used to finance the construction of the infrastructure.