Talk of The Villages Florida - View Single Post - When bonds dry up, who pays infrastructure?
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Old 08-16-2012, 01:54 AM
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Default When bonds dry up, who pays infrastructure?
Considering TV within next few years. It looks like paradise, and my wife and I are interested.

With final phase going in, and no more new bonds thereafter for the first time in the history of TV, how will TV pay for decades of ongoing infrastructure care and daily maintenance? Higher property taxes? Special assessments, like a condo?

Are the bonds purely for new infrastructure of new areas, and definitely not for maintaining completed sections of TV or daily care? Do we know this for sure, if the answer is "yes"? When one signs the bond and any other agreement for TV, is there a mention of future potential payments, in particular, special assements in the documentation ( like every condo)?


Thank you for any replies that help me understand.