Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Jacksonville
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-19-2011, 05:58 PM
 
104 posts, read 339,922 times
Reputation: 42

Advertisements

My wife and I are thinking of building in Nocatee but I have some concerns about the CDD fees.

Not so much about what they are now but what they might become, particularly if the economy worsens and the development is not completed. I've already decided to speak to a real estate attorney before I make a decision but I'm wondering if anybody has information or suggestions on where to find more information about the CDD Fees?

Thanks.
Reply With Quote Quick reply to this message

 
Old 07-20-2011, 09:02 AM
 
131 posts, read 619,496 times
Reputation: 87
CDD fees do not change for you. A future buyer possibly but not for you. You can even pay off the whole amount in one lump sum if you wanted. HOA can go up though, not CDD.
Reply With Quote Quick reply to this message
 
Old 07-20-2011, 09:42 AM
 
Location: Jacksonville, FL
2,740 posts, read 5,478,722 times
Reputation: 753
Quote:
Originally Posted by SmileDoc View Post
CDD fees do not change for you. A future buyer possibly but not for you. You can even pay off the whole amount in one lump sum if you wanted. HOA can go up though, not CDD.
CDD certainly can go up or down depending on what it is used for. Ours in Julington Creek went up a little last year.
Reply With Quote Quick reply to this message
 
Old 07-20-2011, 10:23 AM
 
131 posts, read 619,496 times
Reputation: 87
For nocatee, I have been told, the CDD will not go up. HOA yes, CDD will not change in Nocatee last I was told on Saturday.
Reply With Quote Quick reply to this message
 
Old 07-20-2011, 10:34 AM
 
104 posts, read 339,922 times
Reputation: 42
Quote:
Originally Posted by SmileDoc View Post
CDD fees do not change for you. A future buyer possibly but not for you. You can even pay off the whole amount in one lump sum if you wanted. HOA can go up though, not CDD.
It was my understanding that even if you paid the CDD fee off, that it's possible you could be assessed another in the future but I'm fairly confused about the whole thing. I had understood they were backed by bonds which also concerns me but I"m having a lot of trouble finding information.
Reply With Quote Quick reply to this message
 
Old 07-20-2011, 10:37 AM
 
104 posts, read 339,922 times
Reputation: 42
Quote:
Originally Posted by SmileDoc View Post
For nocatee, I have been told, the CDD will not go up. HOA yes, CDD will not change in Nocatee last I was told on Saturday.
Thanks, where did you get the information? I emailed the Welcome Center requesting information but never got anything back. Also, I'm wondering. . .if you don't pay them up front, how long how you paying them off? I was told it was $165 a month but I don't know for how long.
Reply With Quote Quick reply to this message
 
Old 07-20-2011, 02:26 PM
 
Location: Jacksonville, FL (Mandarin)
2,558 posts, read 6,461,573 times
Reputation: 1835
The way I understand it, there's a fixed, larger portion of the CDD bond that doesn't change, but there are usually maintenance costs built into the total fee, which can change depending on budget needs.
Reply With Quote Quick reply to this message
 
Old 07-21-2011, 04:35 PM
 
104 posts, read 339,922 times
Reputation: 42
For anyone who's interested, I spoke to an attorney who recommended that I contact the St. Johns county tax collector so that's what I'm doing next.
Reply With Quote Quick reply to this message
 
Old 07-21-2011, 05:28 PM
 
Location: Jacksonville, FL
3,528 posts, read 8,241,000 times
Reputation: 914
Nocatee's Future & CDD Fees?

The answer to that question is here: Freakonomics » What Is the Future of Suburbia? A Freakonomics Quorum

Here's part:

There are many ways of describing the fiasco of suburbia, but these days I refer to it as the greatest misallocation of resources in the history of the world.

I say this because American suburbia requires an infinite supply of cheap energy in order to function and we have now entered a permanent global energy crisis that will change the whole equation of daily life. Having poured a half-century of our national wealth into a living arrangement with no future — and linked our very identity with it — we have provoked a powerful psychology of previous investment that will make it difficult for us to let go, change our behavior, and make other arrangements.

Compounding the problem is the fact that we ditched our manufacturing economy for a suburban sprawl building economy (a.k.a. “the housing bubble”), meaning we came to base our economy on building even more stuff with no future.

This is a hell of a problem, since it is at once economic, socio-political, and circumstantial.
Here’s what I think will happen: First, we are in great danger of mounting a futile campaign to sustain the unsustainable, that is, of defending suburbia at all costs.
Reply With Quote Quick reply to this message
 
Old 07-21-2011, 10:13 PM
 
Location: Jacksonville, FL
2,740 posts, read 5,478,722 times
Reputation: 753
always will be a demand for suburbs, maybe not as far out, but always a demand to not be under the city's jurisdiction.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Jacksonville
Similar Threads
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top