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Just a quick tidbit on the Nocatee CDD. As someone who works for the master Developer I can tell you that the CDD in Nocatee is far from $14,000 per year. Tragically rumors spread and all we can do is get the correct info out there in the hopes that it to will spread too but sadly bad news spread faster than good. The Nocatee CDD varies from neighborhood to neighborhood. From within the neighborhoods it also varies according to lot size. That being said in Austin Park the CDD is between $1300 and $1400 annually for the Capital assessment (which is a 15 year assessment) and $425 annually for the Operations and Maintenance (O&M).
The developer is not transferring all of the debt for the infrastructure to the buyer thru pre-construction sales as we do not sell homes we develop land - considering Nocatee Parkway at completion will be a $130 Million roadway and the Water Park which opens this coming spring is a $30 Million amenity the fees would be astromonical if we tried to pass that $ amount to the buyer, not that we can. There is no fear that the infrastructure will not as it will be complete by spring 2010 come by one of our many events and check out the progress for yourself. Hope the info helps clear things up.
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