In this auspicious occasion, we are delighted to delve into the intriguing topic related to Lakewood Ranch CDD 2: A Comprehensive Overview. Let’s weave interesting information and offer fresh perspectives to the readers.
Lakewood Ranch Community Development District 2 (CDD 2) is a special taxing district located within the master-planned community of Lakewood Ranch, Florida. Established in 1996, CDD 2 encompasses approximately 10,000 acres and provides a wide range of essential services and amenities to its residents. This article delves into the history, governance, funding, and services of Lakewood Ranch CDD 2, offering a comprehensive overview of this vital community organization.
The formation of Lakewood Ranch CDD 2 was driven by the need for infrastructure and community services within the rapidly growing Lakewood Ranch area. In 1995, the Florida Legislature authorized the creation of the CDD through a special act. The following year, the CDD was officially established, and its first board of supervisors was elected by property owners within the district.
CDD 2 is governed by a five-member board of supervisors, who are elected by property owners within the district. The board is responsible for setting policies, approving budgets, and overseeing the operations of the CDD. The CDD is also administered by a professional staff, led by a general manager.
CDD 2 primarily relies on property taxes to fund its operations. Property owners within the district pay an annual assessment, which is used to cover the costs of providing services and maintaining infrastructure. The CDD also generates revenue from impact fees, which are paid by developers when new homes or businesses are built within the district.
CDD 2 maintains a strong financial position, with a healthy reserve fund and a low debt-to-asset ratio. The CDD’s annual budget is subject to public review and approval, and the CDD’s financial statements are audited annually by an independent auditor.
Lakewood Ranch Community Development District 2 is a well-managed and financially sound organization that provides essential services and amenities to its residents. The CDD’s commitment to infrastructure maintenance, parks and recreation, security, and community engagement has helped create a thriving and desirable community within Lakewood Ranch. As the Lakewood Ranch area continues to grow and develop, CDD 2 will play a vital role in shaping the future of this dynamic community.
Thus, we hope this article has provided valuable insights into Lakewood Ranch CDD 2: A Comprehensive Overview. We hope you find this article informative and beneficial. See you in our next article!