1. Who governs the CDD?
The CDD is governed by an elected Board of Supervisors. They are elected during a general election of the registered voters within the District, much like a City Council Member. The Board of Supervisors each serves a 4-year term and is governed by the State of Florida and The Florida Sunshine Laws and Disclosures of an elected public official.
2. What does my assessment cover?
Your annual assessment is derived from two parts; the Dept Portion and the Operation and Maintenance (O&M) portion:
The Debt Portion when applicable is the amount proportionately owed by each homeowner within the District to pay the issued bonds (loan) that paid for the District’s original infrastructure (amenity center or clubhouse, streetscape, landscape, lakes, water systems, wastewater systems, storm drains, etc.).
The Operations and Maintenance (O&M) portion applies to the general day-to-day administrative fees and costs as well as maintenance and repair of the infrastructure and general administrative functions (attorneys, engineers, board meetings, website maintenance, mailings, landscape maintenance, lake maintenance, insurance, utilities, security services, etc.).
Insurance for the District, Audit expenses, and various annual contracts are detailed in the CDD budget.
3. Can I pay off the assessment?
Yes, the Debt Portion may be paid off in full. For pay off amount and procedure, contact Governmental Management Services at 954-721-8681.
4. How is the assessment collected?
Assessments are collected uniformly by the Broward County Tax Collector as a “non-ad valorem” assessment on your Broward County Tax bill and are paid directly by the owner or via a mortgage holder escrow - beginning November 1st of each year.
5. What is the difference between a CDD and my Homeowners and/or Property Owners Association (HOA)?
CDD's are governmental in nature, functioning closer to a city government than an HOA. The specific scope of the services is prescribed in a creation ordinance from the City of Coral Springs and Broward County; delegating certain public functions to the CDD. CDD's construct and manage utility and drainage (lakes) and collection systems, roads, landscape buffers, and in some cases, security services. Similarly, HOA's serve to the benefit of the property owners and are self-governing but are subject to the limited collection and enforcement powers and duties outlined separately under state law. HOA's may not use tax-exempt finance and are not eligible under FEMA rules for emergency clean up in most cases, and a CDD qualifies as local government. CDD's also use the County Tax Collector for their assessments. CDD's have limited liability under sovereign immunity, which significantly reduces insurance costs.