[villages07]

Harry .... I have purchased several iterations of various CDD # district infrastructure bonds on the financial resale market. They have face interest rates ranging from 5.375 to 6.5 and, depending on the markup or discount to par value of 100, have yielded anywhere from 5.5 to 7% tax free. They are not insured so may discourage investors not familiar with the area. I feel they are a solid investment since I know what is behind them ... the sound standing of the Villages and its residents. They pay out twice a year...in May and November.

Several outfits locally advertise muni bond resales, including Villages CDD bonds. FMS Bonds (who I use) and Lawson Financial. I'm sure there are others. By all means, do your due diligence research before investing in them.

The bond that each homeowner pays is calculated to the penny. Folks here only speak in round numbers. And, I believe Sumter County is charging something like $100 per year to collect the bond payments for the CDDs.