Davis Reserve to be a Community Development District

Davis Reserve: A New Chapter in Community Development

Benefits of a Community Development District

Definition of a Community Development District in Florida

A Community Development District (CDD) in Florida is a special-purpose governmental entity created to provide essential services and infrastructure for a specific community or development. CDDs are established under Chapter 190 of the Florida Statutes and are designed to facilitate the planning, financing, and maintenance of community facilities such as roads, water management systems, parks, and recreational amenities. These districts are governed by a board of supervisors elected by the residents or property owners within the district, allowing for local control over community development and services.

The county has recently approved the establishment of a Community Development District (CDD) for Davis Reserve, marking a significant milestone in the development of this promising new community. With an infrastructure cost of $23 million, Davis Reserve is set to become a vibrant and well-equipped neighborhood, offering a high quality of life for its residents.

The approval of the CDD is a crucial step in ensuring that the necessary infrastructure and amenities are in place to support the community. This includes roads, utilities, parks, and other essential services that will make Davis Reserve a desirable place to live. The county's decision reflects a commitment to fostering growth and development in the area, providing a solid foundation for the future.

Davis Reserve will feature 400 homes, each designed to offer comfort and convenience to its residents. The estimated fee for each home within the CDD is $57,500, which will contribute to the overall cost of the infrastructure. This fee ensures that the community can maintain and improve its facilities, creating a sustainable and thriving environment for all. Usually the total CDD can be paid in full or broken up over time on your property taxes.

The establishment of the CDD is not just about building homes; it's about creating a community. Davis Reserve aims to provide a welcoming and inclusive atmosphere, where residents can enjoy a range of amenities and activities. From parks and recreational areas to community events and social gatherings, there will be plenty

of opportunities for residents to connect and build lasting relationships.

In conclusion, the approval of the CDD for Davis Reserve is a positive development that promises to bring growth and prosperity to the area. With a substantial investment in infrastructure and a focus on community-building, Davis Reserve is set to become a sought-after destination in The Villages of Citrus Hills Golf and Country Club.