Adoption of a "new" non ad valorem assessment?

[Happy Villager 1]

This past week I read in the Daily Sun CDD 9 supervisors approved phase II of a developer funding and acquistion agreement with The Villages, which includes a provision to transfer property from developer to the district as it continues to develop. CDD 10 supervisors authorized intent to notify residents that the district is working toward establishing the collection of nonproperty tax assessments as that district develops. Then I read in the classified section of the Daily Sun the Public Notice By The Village Community Development District's 8/9 & 10 will be adopting a new non ad valorem assessment for financing of certain projects and it is being levied for the first time.

I don't pretend to understand what all of this means but ask if anyone on TOTV does? I am wondering though if this has anything to do with the IRS and the Bond issue. What I mean is since the IRS issue is still ongoing is this new non ad valorem assessment a way around the selling of bonds and this is now the way property will be transferred from the developer to the VCDD?
I don't live in any of the districts being levied this new assessment or what I call a tax but I do try to follow what our VCDD government is doing. There is a public hearing December 16, 2011 at 1:00 pm at the District Office Board Room, 1894 Laurel Manor Drive. Are the Supervisors in Districts 8, 9 & 10 voted in by the residents of these districts or are they still under the developers control?

I think the Public Notices have to be published again so perhaps someone else will also read the whole notice and give their opinions.

[villages07]

I believe these are pro forma notices for levying CDD assessments in new construction areas. Our home infrastructure bonds as well as the annual CDD maintenance assessment are indeed non ad valorum, ie not directly based on the sales price of a home. Every home in a section pays the same bond and CDD assessment fee. In my designer section of three streets, with original sale prices from 180k to 559k, everyone pays the same bond and annual maintenance.

I believe these are required notices. These also have nothing to do with the IRS investigation which is directed at recreational/amenity bonds.

[Happy Villager 1]

Thanks Village 07 that eases my mind some. I was thrown off by the wording "is being levied for the first time" thinking it was something entirely new but I see now it's intent is for recently developed villages and would be
standard operating procedure. I now have egg on my face :loco: