Quote:
Originally Posted by RL Lemke
Indeed you are right in that Florida does have numerous Special Districts of various types and for various purposes.
What I had read was that Reedy Creek (WDW) and The Villages were the two with over 2,500 acres. But reading more now, I see that Florida is embracing this form of development, which has been successfully employed in many other states as a means to develop infrastructure without imposing a financial burden on people outside the district boundaries.
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I find that property taxes are more consequential than the Amenity Fee.
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I think maybe you're confusing the purpose of CDD's. Some other states have similar entities, primarily California & Texas, I believe.
The purpose generally isn't to "protect" anyone from the burden of infra-structure, it's used to develop areas that generally wouldn't be developed, if private developers had to invest (or borrow) and use their own funds to construct the specific infrastructure for the proposed development. They facilitate large scale development, that otherwise wouldn't take place (at least that's how it works in Florida and what the enabling legislation stated as its goal).
Local taxes have nothing to do with TV's infra-structure nor the CDD's nor Amenity fees. IMO, the overlay of the city on top of the CDD, is a boondoggle for the city & county. They get the tax revenue, with minimal exposure.
The Bond Payment on lots in The Villages, along with the associated "Maintenance Fees", are infrastructure related.
Amenity Fees are .... Amenity related.