Quote:
Originally Posted by jmitchell
(Post 288422)
..... These fees IMO/Best GUESS become part of the Operating Budget of the "Amenity CDDs" of which there currently are two. I would assume we could ask to see these "budgets"???
|
Julie – Since all of the CDDs (including the two special CDDs) are government entities, the minutes of their meetings and their annual budgets must be made available to the public. And that certainly is a good thing. Here’s a link to all that info: http://www.districtgov.org/
You can see what they’re spending on legal fees as well as where their revenues come from.
As for the reason behind placing all of the amenities into the two special CDDs, I’ve wondered about that many times. But it may turn out to be a big plus in favor of TV residents. You see, each homesite is assessed an annual maintenance fee that is paid to the numbered CDD (1-10) that the home is in. It varies from one CDD to another but is somewhere around $1000 annually whatever. And that fee pays for maintenance of the common grounds within the CDD, such as mowing street belts, planting lots of flowers, etc.
As a homeowner, you elect the trustees for your numbered CDD and they establish the annual budget for that. But, unlike the amenity fee, there is no in built limit as to how much that budget can be increased annually. So, in my mind, if each numbered CDD had its own recreation pool/center and executive golf course, any adverse IRS rulings would result in a big increase in your annual maintenance fee. |
