Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)

- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - bond questions. (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/bond-questions-73641/)

I realize the original OP was concerned about the advisability of paying off the bond. A lot of pro and cons have been presented giving the OP a lot to think about. One factor I would like to add is peace of mind. I don't think it has been mentioned and I, for one, do not like debt.

The thread has taken many turns and one of them mentioned how the bond is determined. I would like to clarify that by quoting from the FAQ section of the VCCD web page.

"How does the District arrive at the amount? Does everyone pay the same amount?

The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lot�s proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the �phase� of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount."

BTW, for the benefit of English majors, the qoute is an exact copy including misspelling.

Off on a tangent (sorry, can't help it).

Quote:

Originally Posted by downeaster (Post 653349)

"How does the District arrive at the amount? Does everyone pay the same amount?

The Bond Debt Assessment was set at the time the bond used to build the infrastructure was issued. The formula for calculating each lot�s proportionate share starts with the total cost of the bond (including interest) issued to pay for the infrastructure. That cost is divided equally among each assessable acre in the �phase� of the District for which the bond was issued. That gives you a cost per acre. The cost per acre is then multiplied by the number of acres in the unit in which you live. That gives you the obligation for the unit as a whole. The unit total cost is then divided by the number of lots or parcels in the unit, and that computation gives you the amount of the assessment levied against each property. Therefore, each lot within a unit pays the same amount."

BTW, for the benefit of English majors, the qoute is an exact copy including misspelling.

What word is misspelled? I must be losing it. (The word "quote" has a typo, but I can't find anything else.)

Quote:

Originally Posted by Quixote (Post 653358)

What word is misspelled? I must be losing it. (The word "quote" has a typo, but I can't find anything else.)

"assessable" came up underlined in red indicating my spell check didn't approve. I didn't bother to check spell check. I just like to cover my bases with the English major gendarmes.

Quote:

Originally Posted by downeaster (Post 653385)

"assessable" came up underlined in red indicating my spell check didn't approve. I didn't bother to check spell check. I just like to cover my bases with the English major gendarmes.

"Assessable" is spelled right. See the following link:

Spellcheck Assessable | SpellCheck.net

Spell checkers can be pretty inconsistent (and sometimes just plain wrong!)....

English Majors ain't right.

Well sometimes.

Quote:

Originally Posted by graciegirl (Post 653525)

English Majors ain't right.

Well sometimes.

AGREE! Plus this is "Talk of the Villages" and the idea of "Talk" is to speak as opposed to write. Some of us "speak" sort of strangely sometimes---depending where we were raised, huh? :clap2: