Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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#196
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Morse is building a megalopolis and he needs the primary roads to accomplish this. Let Morse pay for it. |
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#197
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Typically, an impact fee per house is sufficient to pay for the primary infrastructure. In this case Morse is getting a sweetheart deal on the impact fees whereby those fees are insufficient to pay for it. |
#198
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#199
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And that is how it was always done, until now. The homeowner paid the bond that paid for the initial infrastructure.
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#200
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Not the primary roads.
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Identifying as Mr. Helpful |
#201
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![]() Who then paid for the Morse and Buena Vista extensions south of 466A? |
#202
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The county. Added: What is the Bond Debt Assessment for? The bond debt assessment reflects each lot’s proportionate share of the cost of building the infrastructure within its District or for which its District has responsibility. It is the most equitable method of distributing costs between the properties that benefit from the infrastructure. Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc.
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Identifying as Mr. Helpful |
#203
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I understood Morse built the Morse & BV extensions then turned them over to the county for maintenance. A win-win. I don't think I'm wrong. |
#204
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#205
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The bond debt is directly proportional to the number of lots within the development. The more(smaller) lots the lower the bond and vice versa. |
#206
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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. Amortization schedules for each unit are located on the Districts' website; www.districtgov.org under the Finance Department link.
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Identifying as Mr. Helpful |
#207
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Like the inequity of RE Taxes, a million dollar home owner doesn't use ~3 times the County's services as a $300k home owner. Now there is something to whine about. Wait, Wait..........here's another one.....what about income taxes?? Poor me can happen with all types of taxes. AND TO CLARIFY...........................Mana, I don't think you are whining.
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Identifying as Mr. Helpful Last edited by dewilson58; 10-03-2019 at 06:43 PM. |
#208
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Has anyone ever seen an itemized report listing how exactly a bond funding was actually spent? Is such a report publicly available?
It would be interesting to see how much actually went to specific infrastructure categories such as electric, water, sewers, major and minor roads, signage, etc. and what was disbursed for design, fees, brokerage, "management" services and other soft costs and whether the "funding" was fully spent. And furthermore, what happened to overruns or undercosts? Hopefully none of the bond costs were spent constructing or enhancing our recreational facilities which "we" thru the CDD system bought (financed by more bonds collateralized by the facilities) at a later date, or will be bought eventually in the new areas.
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All of us could take a lesson from the weather. It pays no attention to criticism. |
#209
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I did. Seems like our Broker gave it to me. I just looked on the website and did not see a link. Now you got me thinking.
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Identifying as Mr. Helpful |
#210
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Isn’t that a part of each District budget?
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The further a society drifts from truth the more it will hate those who speak it. George Orwell. “Only truth and transparency can guarantee freedom”, John McCain |
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