The Cedar Pointe Community Development District (“District”) is an independent special district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by the City of Jacksonville Council’s approval of Ordinance No. 2004-970-E, on November 16, 2004. The District includes within its boundaries approximately 212 acres of land located entirely within the boundaries of the City.
District Infrastructure and Property
The District issued its Series 2005A Bonds (“Bonds”) to fund the construction and/or acquisition of stormwater management improvements, landscaping, utilities improvements, and roadway improvements.
District Annual Budgets
The District will annually approve both a Series 2005A Bonds debt service budget and an operations and maintenance “O&M” budget. The Series 2005A Bonds require level annual debt service and so the bond debt service budget will not vary substantially from year-to-year.
District annual Non-Ad Valorem Assessments
The District annually levies and collects from property owners within its boundaries both a bond debt service assessment and an O&M assessment, as authorized by Chapter 190, Florida Statutes. The bond debt service assessment helps amortize the District’s Series 2005A Bonds. The O&M assessment funds the District’s annual O&M activities. Assessments for platted lots are collected on the Duval County tax bill. Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector. The District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose.