Why is the bond the same for new area?
 

We are looking at houses in the new southern area...the bond is the same approx. $30K vs. the other previous areas. With the county paying for the roads in the new area (thus 25% tax increase), why has the bond stayed the same when the developer isn’t incurring that massive cost??

Because they would have been much higher otherwise. The county doesn't pay for the roads, the taxpayers do.

We all know that the county are the taxpayers!

Morse & Buena Vista Blvd's were never a part of the residential Bond.

https://districtgov.org/departments/...financeFAQ.pdf

Bonds are for the developer to recoup costs of building amenities, planting flowers, etc. At least that's what I was told when I bought.

Sent from my SM-G960U using Tapatalk

Bonds pay for the infa-structure of the neighborhoods....ie. power, sewer etc. that goes in to be able to build. Our amenity fees pay for the flowers etc.

Bingo.

The bonds are $30K in the newer areas? WOW, they were only in the low $20K above 466A for a designer home. Am I right?

I imagine the increased cost of the bond relates to the increased costs of labor and materials for developing all the infrastructure WITHIN the new villages in the newer developments.

Only!?
:duck:

Smaller lot size

NO BOND lake county!

What bond are you referring to?

The real question is, "How does the Developer get by without disclosing the amount of the bond when he advertises house prices?" Isn't this deceptive advertising?

A prospective buyer, comparing advertised prices of houses in The Villages versus other retirement communities, has no way of knowing that the Developer is understating the real price of new houses by as much $33,000 (or more when you consider the interest and "administration" fee).