To find out the exact terms of the bonding portion (note there are two components of the CDD fee, bond repayment and maintenance fees) of the CDD you can go to:
click on the link for the Non-Advalorem taxes. It will give you the contact person for the CDD. Call them up and ask them when the bonding portion will be paid and any other details. They may require that you send a faxed request. They can also give you the amount if you wanted to completely payoff the bonding portion.
I'm not certain if the CDD can easily issue new bonds or if they can if it is likely. Some of the older communities are nearing the end of the bond repayment period and may be a good value. You have to weigh in all the factors and in some cases a CDD community may be the best decision. I woudn't completely rule them out. One expensive monthly cost in Hillsborough is the water bill for the lawn. Communities like Westchase with reclaimed water not only are more asthetically appealing but also result in significantly lower costs for the water bill.
Hope this helps.
Alma Rose Kee, P.A.
Charles Rutenber Realty, Inc.
Most CDD are 20-30 years. Keep in mind that most communities after the CDD is paid all of a sudden the HOA fee increase. Remember you get what you pay for. If you have a nice community with great ammenties,etc the fee's will always be higher. You just need to know if a community is for you. Let me know if I can help you answer any more questions.
Signature Realty Associates/Team Barone
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Technically it is supposed to be paid off in 10-20 years depending on the amount. Unfortunately, You should budget to have them around for posterity. The homeowners association will always find a reason to reissue the bonds for projects. My suggestion is look into PUD's that do not have CDD's. We can help you with that.
The Szydlowski Team
Future Home Realty