2 part question.....what is a bond and what are the true costs?

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  #16  
Old 02-04-2015, 09:31 AM
Bogie Shooter Bogie Shooter is offline
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Quote:
Originally Posted by graciegirl View Post
This is close but may not be precisely accurate.

The price of the bond on new homes is;

Premiers 50K
Designers 24K
Cottages and villa's 14K

And the explanation above that Bogie Shooter gave is correct.

Bogie Shooter is ALWAYS correct.

AND so is KStew when he said that every home in the unit pays the same.
BTW I am not always right.............................
Your bond amounts are just estimates. It depends on what district the house is located.
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  #17  
Old 02-04-2015, 09:46 AM
Fourthrock Fourthrock is offline
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There is a lot of information at the Villages Community Development District Web Site. Search VCDD or bond to find info. A very helpful excel spreadsheet was posted that will show you an example of what the costs add up to.
  #18  
Old 02-04-2015, 09:54 AM
bagboy bagboy is offline
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We can add recreation centers, swimming pools, executive golf courses, mail stations, tennis/pickleball courts and on and on to the list of what our bond and continued monthly maintenance fees pay for.
  #19  
Old 02-04-2015, 10:55 AM
Bogie Shooter Bogie Shooter is offline
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Quote:
Originally Posted by bagboy View Post
We can add recreation centers, swimming pools, executive golf courses, mail stations, tennis/pickleball courts and on and on to the list of what our bond and continued monthly maintenance fees pay for.
Not part of your bond.
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  #20  
Old 02-04-2015, 11:54 AM
kstew43 kstew43 is offline
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Quote:
Originally Posted by bagboy View Post
We can add recreation centers, swimming pools, executive golf courses, mail stations, tennis/pickleball courts and on and on to the list of what our bond and continued monthly maintenance fees pay for.
those are not in the bond... totally different fees.......they are in the ammenity fees..presently $147 per month....

The ammentiy fees can go up yearly,

the bond total fee will never change..you either pay it off when you buy or fiance it for 30 years..
  #21  
Old 02-04-2015, 12:04 PM
sunnyatlast sunnyatlast is offline
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The o.p. asks about the residential bond (which covers each home's portion of infrastructure cost in the residential "unit"/allotment" where the home is).

All the amortization schedules of a "unit" of homes can be seen here:

Amortization Schedules - Sumter

An example for a unit of villas is below. Shows interest rate at the bottom. Annual amount is billed with your county property tax.

http://www.districtgov.org/departmen...l%20Villas.pdf

RESIDENTIAL Bond FAQ's:
VCDD Bond FAQs
  #22  
Old 02-04-2015, 12:06 PM
bagboy bagboy is offline
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I just scanned 44 pages of VCDD budget. I stand corrected...and have a headache
  #23  
Old 02-04-2015, 12:14 PM
tuccillo tuccillo is offline
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There is also an annual maintenance assessment to support the infrastruture. Presumably this can go up with time.

Quote:
Originally Posted by kstew43 View Post
those are not in the bond... totally different fees.......they are in the ammenity fees..presently $147 per month....

The ammentiy fees can go up yearly,

the bond total fee will never change..you either pay it off when you buy or fiance it for 30 years..
  #24  
Old 02-04-2015, 12:21 PM
Bogie Shooter Bogie Shooter is offline
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Quote:
Originally Posted by Fourthrock View Post
There is a lot of information at the Villages Community Development District Web Site. Search VCDD or bond to find info. A very helpful excel spreadsheet was posted that will show you an example of what the costs add up to.
Its all under the Finance Department page.
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  #25  
Old 02-04-2015, 12:24 PM
Bogie Shooter Bogie Shooter is offline
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Quote:
Originally Posted by tuccillo View Post
There is also an annual maintenance assessment to support the infrastruture. Presumably this can go up with time.
Different infrastruture.....................not residential infrastruture.
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  #26  
Old 02-04-2015, 01:47 PM
justanormalgirl justanormalgirl is offline
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Thank you everyone, my questions have been answered.
  #27  
Old 02-04-2015, 06:05 PM
Advogado Advogado is offline
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Quote:
Originally Posted by bagboy View Post
We can add recreation centers, swimming pools, executive golf courses, mail stations, tennis/pickleball courts and on and on to the list of what our bond and continued monthly maintenance fees pay for.
You can add them, but you would be wrong.

Those amenities are covered by your monthly amenity fee. There is a lot of misinformation about bonds in this thread. See Bogie Shooter's above quote from the District website for an accurate description. In defense of the erroneous posts, the system here is really complicated.
  #28  
Old 02-04-2015, 07:28 PM
justanormalgirl justanormalgirl is offline
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O.k. so maybe they weren't totally answered. So, there is no bond in the historic section, just the monthly amenity fees. Do I understand everything correctly then that if we buy on that side the only expenses we would have is the amenity fees to TV, insurance, taxes and utilities?
  #29  
Old 02-04-2015, 07:36 PM
kstew43 kstew43 is offline
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Quote:
Originally Posted by justanormalgirl View Post
O.k. so maybe they weren't totally answered. So, there is no bond in the historic section, just the monthly amenity fees. Do I understand everything correctly then that if we buy on that side the only expenses we would have is the amenity fees to TV, insurance, taxes and utilities?
you got it.......
only the $147 ammenity fees...

No Bond or maintenance fees......saves a bunch
  #30  
Old 02-04-2015, 08:30 PM
janmcn janmcn is offline
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Quote:
Originally Posted by justanormalgirl View Post
O.k. so maybe they weren't totally answered. So, there is no bond in the historic section, just the monthly amenity fees. Do I understand everything correctly then that if we buy on that side the only expenses we would have is the amenity fees to TV, insurance, taxes and utilities?

This is true of any Villages property in Lake County, not just that in the historic section on the east side of 441/27.
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