[PrudentLifer]

Originally Posted by dewilson58

There are hundreds of County roads you don't drive on and don't benefit you, but you pay for them as well.


I've never been down SE 36th Blvd, but my tax dollars go to maintain it. I guess I shouldn't have to pay for it.


It's just not fair................I guess I should whine.

Morse is building a megalopolis and he needs the primary roads to accomplish this. Let Morse pay for it.

[PrudentLifer]

Originally Posted by Kenswing

But won't the entire county benefit from all the taxes those new houses will be paying?

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.

[Velvet]

...

[Velvet]

Originally Posted by PrudentLifer

Morse is building a megalopolis and he needs the primary roads to accomplish this. Let Morse pay for it.

And that is how it was always done, until now. The homeowner paid the bond that paid for the initial infrastructure.

[dewilson58]

Originally Posted by Velvet

And that is how it was always done, until now. The homeowner paid the bond that paid for the initial infrastructure.

Not the primary roads.

[PrudentLifer]

Originally Posted by dewilson58

Not the primary roads.

Who then paid for the Morse and Buena Vista extensions south of 466A?

[dewilson58]

Originally Posted by PrudentLifer

Who then paid for the Morse and Buena Vista extensions south of 466A?

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.

[PrudentLifer]

Originally Posted by dewilson58

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.

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.

[manaboutown]

Originally Posted by dewilson58

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.

If the bond debt on an individual house provides for system-wide infrastructure then why are the bonds on Patio Villas and Premier homes not the same? The bonds on Premiers are much higher. The bond on an individual house must somehow relate to the cost of infrastructure related to that particular house within its part of the overall development.

[PrudentLifer]

Originally Posted by manaboutown

If the bond debt on an individual house provides for system-wide infrastructure then why are the bonds on Patio Villas and Premier homes not the same? The bonds on Premiers are much higher. The bond on an individual house must somehow relate to the cost of infrastructure related to that particular house within its part of the overall development.

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.

[dewilson58]

Originally Posted by manaboutown

If the bond debt on an individual house provides for system-wide infrastructure then why are the bonds on Patio Villas and Premier homes not the same? The bonds on Premiers are much higher. The bond on an individual house must somehow relate to the cost of infrastructure related to that particular house within its part of the overall development.

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.

[dewilson58]

Originally Posted by manaboutown

If the bond debt on an individual house provides for system-wide infrastructure then why are the bonds on Patio Villas and Premier homes not the same? The bonds on Premiers are much higher. The bond on an individual house must somehow relate to the cost of infrastructure related to that particular house within its part of the overall development.

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.

[Jim 9922]

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.

[dewilson58]

Originally Posted by Jim 9922

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.

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.

[Bogie Shooter]

Originally Posted by dewilson58

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.

Isn’t that a part of each District budget?