The reason for creating a CDD is to assist with the financing, construction, and ongoing maintenance of public infrastructure including roadways, parks, and other amenities. The main benefit of the District is providing funds for the construction and maintenance of key infrastructure components within Nocatee, improving the quality of life of residents now and in years to come.
Nocatee’s CDD responsibilities includes:
- Public parks including 300 acres of ball fields, a dog park, and passive recreation areas;
- Recreational facilities currently involve the construction and maintenance of Splash Water Park, Crosswater Hall, and the Fitness Club;
- Greenway Trail System, the 5,000-acre interconnected system of natural habitat, and;
- Major roadways allowing easy access between residential communities, shopping, schools, and parks. Also, maintenance is included for landscaping, signage, lighting, and storm water management along these roadways.
These amenities, recreation areas, and roadways were partially funded by special assessment bonds issued by the District. All landowners within Nocatee share the responsibility of repayment of Nocatee’s bonds by paying a fixed Capital Assessment for the length of the bonds. In addition, each owner contributes to the operations and maintenance costs of the District. This portion of the assessment is determined annually and based on the projected needs of the District. In other words, the Capital Assessment portion of the fee is fixed and will not increase, but the Operations & Maintenance Assessment may vary based on the costs to maintain facilities and operations for a given year.
Both the Capital Assessment and the Operations & Maintenance Assessment appear on your property tax bill and are collected for the District by the County Tax Collector. The total assessment varies by the neighborhood and the property you own. Check with your builder’s or buyer’s representative to find out the actual annual assessments for the neighborhood and property type.
If you are interested in learning more about the Tolomato Community Development District, you can attend a meeting of the Board of Supervisors (elected by property owners within the District) or contact the District Manager (hired by the Board of Supervisors) at 904-924-6851.