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When Will Your CDD Bond Payment End?

During budget season one of homeowners’ most common questions is when their CDD debt service payments will end.

The debt service is one component of homeowners’ Westchase Community Development District (CDD) assessments and varies by neighborhood. It repays 20-year bonds that financed the construction of each neighborhood’s infrastructure. Homeowners in Westchase’s western villages – Radcliffe, Harbor Links and all villages off Countryway Boulevard, made their last debt payments in 2011. Thus, homeowners in villages like Bennington, Woodbay, The Shires and Radcliffe only pay the Operations and Maintenance assessment for the CDD, which ran $497.32 last year (it’s expected to stay the same this year). Gated communities pay more.

Villages of the former CDD East, however, are still making debt payments. When is your last year?

Homeowners are assessed in November for the following year’s bond payments. Thus, your final assessment for a bond with a 2017 maturity will be November 2016. Second, the bond accounts are sinking funds in which balances are maintained. These balances may cover a portion of your final year’s bond payment, lowering it from the amount you’ll pay this year (see table).

In short, if you live in The Bridges, The Fords and most of The Greens, your final bond payments will be in November 2016 or 2017. The Vineyards, Greenpointe and Village Green will see their last debt payments in November 2019 and West Park Village’s different sections will make payments through either November 2019 or 2020.

Name

Annual CDD Debt

per Home

Bond Maturity

Date

Castleford

$410.00

May 2017

Stamford

$410.00

May 2017

Baybridge

$328.00

May 2017

Wakesbridge

$361.00

May 2017

Abbotsford

$389.00

May 2018

Chelmsford

$410.00

May 2017

Brentford

$599.00

May 2018

Kingsford

$529.00

May 2018

Stockbridge

$457.00

May 2018

Sturbridge

$377.00

May 2017

Stonebridge

$288.00

May 2017

Woodbridge

$367.00

May 2018

Greensprings

$763.00

May 2017

Greencrest

$969.00

May 2018

Greenshedges

$656.00

May 2017

Greenmont

$762.00

May 2018

Greendale

$775.00

May 2018

Greenpointe

$824.00

May 2020

Vineyards

$549.00

May 2020

322 50' Village Green

$894.00

May 2020

322 60' Village Green

$1,002.00

May 2020

322 TH Village Green

$869.00

May 2020

323 50' West Park Village

$776.00

May 2020

323 60' West Park Village

$869.00

May 2020

323 DplxNilla West Park Village

$504.00

May 2020

323 TH West Park Village

$424.00

May 2020

TH Cavendish

$219.63

May 2021

Arlington Park

$160.04

May 2021

324C-5 Worthington

$232.00

May 2020

324 TH(80') West Park Village

$399.54

May 2021

324 TH(115') West Park Village

$491.80

May 2021

324 DpIxNilla West Park Village

$566.57

May 2021

324 50' West Park Village

$909.44

May 2021

324 60' West Park Village

$1,005.25

May 2021

325A TH West Park Village

$344.00

May 2020

326 TH(80') West Park Village

$411.69

May 2021

326 Dplx/Villa West Park Village

$583.38

May 2021

326 50' West Park Village

$933.90

May 2021

By Chris Barrett, Publisher

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