
03-15-2014, 01:03 PM
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Sage
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Join Date: Mar 2008
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Quote:
Originally Posted by Steve9930
Well The Villages is sort of a Hybrid. Its not a Town or City, Its not a county, its has no authority to make laws, or authority to enforce them. Its a Political entity which is allowed to issue Tax Free Bonds, paid for by the residence, which the proceeds from built the transportation, sewage, and drainage infrastructure. It consist of several separate CDD Districts with board members who are supposed to be land owners of the community. Elected by the community. There are assessments which are levied on a particular CDD and then there are assessments which are levied on all CDD Districts. CDDs exist to allow developers to build while making others pay for the construction and others to get very wealthy easily with little risk to the developer. The Villages have made Gary Morse and his Family a very rich and powerful man.
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Good!
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