Hi,
Friends and neighbors -
It has
been a while since I last blogged about the district meetings. Mostly, because
there really didn't seem to be much "meaty news" in the proceedings
for a while. There has been a lot of general business stuff (like
authorizations to pay vendors' bills, work orders, formal process requirements
of items already addressed, and these kind of things), but not much of anything
truly noteworthy at the ones I have been able to attend...until recently...
Most homeowners,
if not all, that live in the district have by now received a notice in the mail
about the bond funds being refinanced. From talking to neighbors, there does
seem to be quite a bit of concern, confusion, and questions out there about it.
So, let me just give a brief summary of the basic plan and what it means.
It was
said outright at the last West Villages Improvement District Supervisory Board
meeting on June 29th that individual residents' annual assessments are to
remain the same and have the same maturity date. The plan is to refinance the
bonds at terms more favorable to the district, so as to increase the total
volume of funds that are available for various projects and services needed to
improve the district. There will be more money for the district to use for
operations and improvements, irrigation improvements for one, but not costing
residents more in the process.
A
public hearing is required for them to move forward on this. It was suggested
and set to occur with the next regular board meeting on August 10th. These are
generally held at North Port City Hall off Sumter beginning at 11am.
Hope
that helps clarify some, and hope to see you at the next meeting!
Ali
Thinking
about buying or selling your home in this area? Our in-depth knowledge and
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Ali H. Johnston, MHA,
MBA in Real Estate
Realtor®, Lic. Broker
#BK3284964
West Villages Realty
LLC
Office: 941-460-3179
www.WestVillagesRealty.com
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