[grrr rex]

Hello folks.

What is the CDD Maint annual fee I read about?
Is it the same as the amenity fee?

If not, how much extra is it?

Rex

[Bill-n-Brillo]

Rex - Click this link for info on how the Community Development Districts operate: http://www.districtgov.org/faq.aspx See the section "The Cost of a CDD" regarding the annual maintenance assessment. It also references the bond associated with each lot/house as well.

The annual maintenance assessment on our Patio Villa in Duval (CDD 7) last year was $262.26 (one-time fee per year).

Hope that helps!

Bill

[grrr rex]

Thanks Bill,

It's always good to know the in's and out's of things.

Take care,

Rex

[Pturner]

Just so happens I tried to answer this in another thread recently. Maybe this will be helpful to you too.

Originally Posted by Pturner

Each Village in The Villages is located within a numbered (1-10) Community Development District (CDD). These CDDs are responsible for operating and maintaining community facilities within the district, such as the recreation facilities, executive golf courses, common landscaping, gatehouses, street lights, irrigation systems and community watch.

Your Community Development District (CDD) Assessment is an annual non-valorem assessment included on your annual property tax bill to fund the CDD's expenses.

The assessment has two components. One is for operations and maintenance (O&M). This part fluctuates up or down annually depending on your CDD's annual budget. The second part is to repay any bonds sold my your CDD for capital improvements. This part is fixed for the term of the bonds.

Each CDD is governed by a five-person Board of Supervisors elected by the property owners.

Here's a link to more information: http://www.districtgov.org/faq.aspx. You might have to copy and paste the link into your browser.

Hope this was helpful.

[Bill-n-Brillo]

Originally Posted by grrr rex

Thanks Bill,

It's always good to know the in's and out's of things.

Take care,

Rex

Yup yup yup - you're welcome! It's good that you're researching things - reduces the chances for any surprises on down the road.

Bill

[grrr rex]

I just use to jump and trust to luck...I was a lot younger..(dumber ???: ) )
Rex

[grrr rex]

Thanks folks.
I read those links.
Two questions:
Assuming that we find a court yard villa the wife likes for about 200k
beside the CDD any other closing costs?

I guess I am looking for a ballpark figure on the total cost to move in.

Question 2: What is a "Guest ID"?

thanks
Rex

[calvin]

hi folks,
I am a future resident and have been reading your thread with interest. But i'm still confused ? My information packet has an estimated cost of living on a 250,000 house. It says my contractual amenities fee is 135.00/month which I assumed was the variable O&M on the bond. The Development District Assessment is stated as 192.00/mo (which ranges from 97.00 to 448.00 per month) which I assumed to be the initial CDD bond itself ? But Bill threw me off when he quoted his 262.00 one time fee per year. Is the monthly Amenities fee different from the O&M assessment.

I'm sooooo confused. Hope I'm not asking a foolish question here.

Thank you all.

Cal

[Schaumburger]

Originally Posted by calvin

hi folks,
I am a future resident and have been reading your thread with interest. But i'm still confused ? My information packet has an estimated cost of living on a 250,000 house. It says my contractual amenities fee is 135.00/month which I assumed was the variable O&M on the bond. The Development District Assessment is stated as 192.00/mo (which ranges from 97.00 to 448.00 per month) which I assumed to be the initial CDD bond itself ? But Bill threw me off when he quoted his 262.00 one time fee per year. Is the monthly Amenities fee different from the O&M assessment.

I'm sooooo confused. Hope I'm not asking a foolish question here.

Thank you all.

Cal

Cal, Welcome to TOTV. There are no foolish questions. I'm a wannabee, and I've asked a lot of questions. If you read and post on TOTV you will learn a lot. I'm sure a TV veteran will be able to answer your questions. I'm one that doesn't like surprises of the financial kind (unless it works in my favor) .

[Bill-n-Brillo]

Originally Posted by calvin

......Is the monthly Amenities fee different from the O&M assessment.......

Hi Cal - Sorry if my info was confusing. To answer your question: Yes, they are different. Here are some other links that might help explain all these things better:

Maintenance Fees and CDD fees

Moving to the Villages - Part 3 (This is part 3 of the 3-parter by zcaveman from the Nust & Bolts section that covers the amenity fees and the bond)

Bill

[graciegirl]

Originally Posted by Bill-n-Brillo

Hi Cal - Sorry if my info was confusing. To answer your question: Yes, they are different. Here are some other links that might help explain all these things better:

Maintenance Fees and CDD fees

Moving to the Villages - Part 3 (This is part 3 of the 3-parter by zcaveman from the Nust & Bolts section that covers the amenity fees and the bond)

Bill

The estimates on cost of living given by The Villages itself is pretty reliable.

Another thing, you won't be pressured by the sales staff AT ALL. They will leave you alone and only answer the questions you ask them.

There are PLENTY NEW and RESALE courtyard villas, you will find just the one you like, where you like and at the price you like.

It really is wonderful here.

Welcome to you.

[JimJoe]

Originally Posted by calvin

hi folks,
I am a future resident and have been reading your thread with interest. But i'm still confused ? My information packet has an estimated cost of living on a 250,000 house. It says my contractual amenities fee is 135.00/month which I assumed was the variable O&M on the bond. The Development District Assessment is stated as 192.00/mo (which ranges from 97.00 to 448.00 per month) which I assumed to be the initial CDD bond itself ? But Bill threw me off when he quoted his 262.00 one time fee per year. Is the monthly Amenities fee different from the O&M assessment.

I'm sooooo confused. Hope I'm not asking a foolish question here.

Thank you all.

Cal

There are three items that some people refer to "bonds". They are not all bonds. Here is my understanding.

1. The amenities fee. It is about $135 per month paid yearly. You pay it to cover the cost of the amenities. It is used to pay for the purchase and the upkeep of the amenities. Very reasonable for the amenities that currently are available.
2. The "bond" on your home. It is a one time cost that is based on the lots in your village to pay for the infra structure for that VILLAGE such as streets sewer etc. It can be paid off in one lump sum when you buy your home or in monthly payments. It varies from village to village. The newer village, the higher the bond generally. The OLDEST villages had no bond at all. Add the cost of the unpaid bond to the asking price of any home and that is the cost. Do not forget the bond when you are calculating your offer price.
3. The CCD "bond" is really just a yearly assessment to pay for the upkeep of the villages COMMON AREAS. It is about $250 or more depending on which district the house is in.

Hope that helps.
If I am wrong, please correct me.
JJ

[Mikeod]

Originally Posted by JimJoe

There are three items that some people refer to "bonds". They are not all bonds. Here is my understanding.

1. The amenities fee. It is about $135 per month paid yearly. You pay it to cover the cost of the amenities. It is used to pay for the purchase and the upkeep of the amenities. Very reasonable for the amenities that currently are available.
2. The "bond" on your home. It is a one time cost that is based on the lots in your village to pay for the infra structure for that VILLAGE such as streets sewer etc. It can be paid off in one lump sum when you buy your home or in monthly payments. It varies from village to village. The newer village, the higher the bond generally. The OLDEST villages had no bond at all. Add the cost of the unpaid bond to the asking price of any home and that is the cost. Do not forget the bond when you are calculating your offer price.
3. The CCD "bond" is really just a yearly assessment to pay for the upkeep of the villages COMMON AREAS. It is about $250 or more depending on which district the house is in.

Hope that helps.
If I am wrong, please correct me.
JJ

JJ,
I think you mixed up the amenities fee and the bond. The amenities fee is paid monthly, and the bond is paid annually along with the property tax around the end of the year. The bond can be paid off each year. For me, that is in July. I don't know if it varies from section to section.

[JimJoe]

Originally Posted by mikeod

JJ,
I think you mixed up the amenities fee and the bond. The amenities fee is paid monthly, and the bond is paid annually along with the property tax around the end of the year. The bond can be paid off each year. For me, that is in July. I don't know if it varies from section to section.

Mixed up on the purpose of each or just how it is paid? Cant the amenities fee be paid annually?
JJ

[Lou and Carolyn C.]

Originally Posted by mikeod

JJ,
I think you mixed up the amenities fee and the bond. The amenities fee is paid monthly, and the bond is paid annually along with the property tax around the end of the year. The bond can be paid off each year. For me, that is in July. I don't know if it varies from section to section.

(Just for clarification):
This probably has been stated somewhere before on this thread, however even though you pay off your bond there will always be an annual maintenance fee incorporated with your annual property tax bill, plus the monthly amenities fee, which is billed along with your water/sewer/irragation bill.