What is a CDD a Community Development District
A Community Development District (CDD) is a local, special purpose government authorized by Chapter 190 of the Florida Statutes as amended and is an alternative method for managing and financing infrastructure required to support community development. CDD’s possess several powers as a legal entity, such as the right to enter into contracts; the right to own both real and personal property; adopt by-laws, rules and regulations and orders; to sue and be sued; to obtain funds by borrowing; to issue bonds and levy assessments.
CDD’s provide a mechanism for the financing and management of new communities, which is consistent with the local governments’ development procedures and regulations. They represent a major advancement in Florida’s effort to manage its growth effectively and efficiently. The community development district may impose and levy taxes or assessments, or both taxes and assessments, on the property.
These taxes and assessments pay the construction, operation and maintenance costs of certain public facilities and services of the district and are set annually by the governing board of the district.
These taxes and assessments are in addition to county and other local governmental taxes and assessments and all other taxes and assessment provided for by law.
In the Bonita Springs and Estero areas information can be found in one location if you know there is a CDD on a property:
Occasionally, the CDD isn’t managed locally. Information about whether a property has a CDD or who the "out of area" manager is can be found on the Lee County Tax Collector’s website: http://www.leetc.com/. After the "Real Property Tax Detail" loads, click "Tax Detail" and you will get the page highlighted in the illustration.
The CDD will be listed in the section of the tax detail titled Non Ad Valorem Taxes if there is a CDD.
In the example there is a CDD called: STONEYBROOK COMMUNITY DEV DIST which is located in Estero, Florida. Click the CDD name and it will launch the contact information for the management company. You can write or fax the organization for payoff balance information.
For more information about Bonita Springs CDD and CDD Disclosures just email!