Why use Community Development Districts to provide services?
There are three basic reasons the Community Development District Method was chosen to deliver services to Piney-Z residents. As special purpose governments, the District’s existence is long term. This permanence assures individuals purchasing property within the district that the common areas and the infrastructure within the District will continue to be well maintained and that their property values will be protected. Secondly, because the CDD is a nonprofit public entity, savings can be realized which are passed on to property owners within the District. CDD’s pay no sales tax on goods and services, which automatically saves 6%. As a form of special purpose government, CDD’s can also finance with tax-exempt bond issued at reduced interest rates. District governments have the flexibility to team up with other governmental units to form purchasing blocks which can negotiate lower costs for many material supplies which are needed. In addition, Florida law requires all CDD service contra
