Quote:
Originally Posted by Indydealmaker
All of the infrastructure costs in Lake County must then be built into the sales price. That makes development much more costly in Lake County as the developer must front that cost prior to the first sale.
Many developers fund that infrastructure with cash flow from sales which often results in home owners left holding the bag with unfinished streets, pools, rec centers, etc. as a result of a bankrupt developer.
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So the new homes in Fruitland(Lake County) will not have bonds? The cost of the infrastructure will be included in the sale price.According to Lyle this will be a gift from the developer to all existing home owners.
The Fruitland section should be the final buildout in TV and the sale price will include $20,000 TO $30,000 for the bond.