What does the CDD assessment consist of? What does the money pay for?
For residential and commercial properties, the assessment consists of an amount required to fund the Operations & Maintenance of the CDD and its facilities. This is referred to as the General Fund. The second component is the amount required to pay off the debt incurred when the CDD built the infrastructure (i.e. roads and storm water management system) and the recreation facilities. This debt is commonly referred to as the A Bond. Additionally, residential property owners pay additional amounts to cover the expenses of providing residential trash collection and enforcement of deed restrictions and conducting architectural review.
