Talk of The Villages Florida - View Single Post - Bond question with a twist
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Old 09-23-2011, 12:46 PM
ricthemic ricthemic is offline
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Originally Posted by 784caroline View Post
Its not the Developer but the Community Deelopment Districts AND they are bought and sold on the open market...here is a link for pricing on CDD 7 Bonds

http://trades.municipalbonds.com/bonds/issue/92707VAA2
Thank you for the info and the link. I am not astute on alot of things and bonds is one of them. One of the things I can't understand is, I believe these bonds are purchased by private investors if so why is Sumter County a public agency collecting,depositing,accounting,paying out to investors/agents all the funds. So who pays the salaries of these public county employees for all this work? Property taxes??. so all the sumter county homeowners outside of the villages are paying for these salaries too? Just one of things I don't get but like I said I don't get alot of things. Maybe the county makes money of them too..