|Approximate location of Lennar's Bellagio Development. Looks like a lot of land is headed for development to the North.|
|This is what you see in the newspaper. Look at the description, I should get a medal for finding this property.|
I can't even tell if it is near our wellfield which is between NW 90th Street and NW 74 Street. I would suppose it is far enough away. Is this development even inside the UDB? Appears to be. Someone with information please post. I am tired of doing research. Apparently Shoma Homes owned this land, buying it in 2003, Lennar got it 9/2012 ($100? sale price). It will be a 501 homes development on 73.65 acres. The CDD infrastruture cost almost $10,000,000. That means the 501 homeowners will be assessed about $10 Milllion dollars separate from their housing cost (added on).
|I guess this explains the $100.|
I don't like CDD's. It puts the burden of cost for a development's infrastructure on the homeowners over a long period of time. When the economy tanked the CDD's defaulted ($5.1 billion in Florida). That costs us all. This is the second one I reported recently.
How is the County letting them just print a floating piece of land NOT ON A MAP? This notice was useless. I think County Commissioners should rethink doing CDD's. They are a boon to the developer.
What is a CDD? From the Property Appraiser's website:
"The Community Development District- CDD" - means a local unit of special-purpose government. A community development district may charge separate non-ad valorem special assessments for satisfying the debt obligations of the District related to financing, constructing, maintaining and servicing the District's improvements and/or services.