Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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Guess I've had my head in the sand. did everyone get your new bond assessment proposal. I must have had a lousy lawyer read my contract. (Mclinn & the bunch). I was firmly told that the bond was The Bond and would not change. But that was many years ago
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PJ.... what number district or village do you live in?
Bonds for CDD 4 were refinanced last year and some parts of CDD 5&6 were refinanced this year. Refinanced to a lower rate which will benefit folks who still have a bond balance in the affected areas by lowering their annual bond assessment. Without any further details, I am assuming this to be the topic of the correspondence you received. I did not get such a letter...just speculating. The above pertains to the annual bond assessment .... not to be confused with the annual CDD maintenance assessment...which we all pay and which can change year to year as budgets and expenses change.
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Maryland (DC Suburbs) - first 51 years ![]() The Villages - next 51 years ![]() |
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The Bond information in the mail today was the annual Maintenance bond. It can increase as cost of maintenance goes up or down. The other, infrastructure bond, won't change.
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Retired Firefighter Indianapolis, Indiana "Livin our Dream" |
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That is NOT the same bond as the one that's on your house. It's the maintenance bond that's paid annually and attached to the tax bill for the upkeep of this beautiful place we live in. Just like the fee for the Fire Dept. that's on your tax bill. The maintenance bond is based on your districts annual maintenance fee divided by the number of residences in your district. This is also posted in the legal section of the Daily Sun. There's a meeting coming up for each district which is what the letter also explained.
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Patchogue, NY; Village of Bonita Sept.09 |
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