CDD Sample Clauses

CDD. The Property is not conclusively classified as part of a Community Development District.
Sample 1
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CDD. The CDD was established pursuant to Chapter 190, Florida Statutes, which has jurisdiction over the Property. The CDD will be governed by a Board of Supervisors elected by landowners pursuant to Chapter 190, Florida Statutes. The Board of Supervisors is independent from the Board of Directors of the Association. The CDD may impose and levy taxes or assessments, or both taxes and assessments on the Lots. The taxes and assessments pay the construction, operation and maintenance costs of certain public facilities and services of the CDD and are set annually by the Board of Supervisors. These taxes and assessments are in addition to County and other governmental taxes and assessments, and all other taxes and assessments provided for by law. The CDD has the power to issue any types of bonds permitted by Chapter 190, Florida Statutes and its uniform state created charter. Commencing on the date that such CDD established jurisdiction over the Property, each Lot and the Common Area shall be burdened with perpetual, non-exclusive easements to the extent reasonably necessary for ingress, egress, and access to, and installation, maintenance, repair and replacement of, property and facilities of the CDD. Any damage resulting from the exercise of such easement shall promptly be repaired by, and at the expense of, the person exercising the easement. The Association shall have the power, and is hereby authorized, to contract with and to cooperate with the CDD in order to determine that their respective responsibilities are discharged. Each contract for the sale of a Lot shall include, immediately prior to the space reserved in the contract for the signature of the purchaser, the following disclosure statement in boldfaced type which is larger than the type in the remaining text of the contract: THE INDIGO COMMUNITY DEVELOPMENT DISTRICT MAY IMPOSE AND LEVY TAXES OR ASSESSMENTS, OR BOTH TAXES AND ASSESSMENTS, ON THIS PROPERTY. THESE TAXES AND ASSESSMENTS PAY THE CONSTRUCTION, OPERATION, AND MAINTENANCE COSTS OF CERTAIN PUBLIC FACILITIES AND SERVICES OF THE DISTRICT AND ARE SET ANNUALLY BY THE GOVERNING BOARD OF THE DISTRICT. THESE TAXES AND ASSESSMENTS ARE IN ADDITION TO COUNTY AND OTHER GOVERNMENTAL TAXES AND ASSESSMENTS AND ALL OTHER TAXES AND ASSESSMENTS PROVIDED FOR BY LAW. ARTICLE III‌
Sample 1

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