Bonds

[crazyeddie]

I did a search on "Bonds" but didn't quite get the answer to my question. What is a "Bond", who do you pay it to? Thanks from a newbie

[Muncle]

From an earlier post:
https://www.talkofthevillages.com/smf/index.php/topic,5985.msg48303.html#msg48303

"In Florida, CDDs are special-purpose local governments approved by cities and counties to provide specific functions for its residents. The districts provide infrastructure and tax residents for it in the form of assessments and fees. Traditionally, a developer finances the infrastructure and then pays off his debt with home sales. In contrast, The Villages sells bonds to build the infrastructure and the residents are assessed a fee to pay off the debt."

[Ceevee]

No one told me about Bonds when I bo't my Villa. It was a tremendous shock to me when my Property tax statement came and the assessment was added in.
How I wish I had Known about, or had access to TOTV back then!!!