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This document serves as a disclosure for the initial sale of a residential unit or parcel of real property under the jurisdiction of a Community Development District (CDD) in Florida. It outlines the potential imposition of taxes and assessments by the CDD that fund public facilities and services, ensuring buyers are informed of their responsibilities regarding these charges.
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A Community Development District (CDD) addendum is a document that provides additional information about a community development district, including details about governance, assessments, and any planned developments within the district.
The governing board of the Community Development District is typically required to file the addendum, as well as any developers or property owners who are involved in the district's operations and finance.
To fill out a CDD addendum, individuals must provide specific information regarding the district's finances, governance structure, proposed projects, and any existing assessments. Templates and guidelines are often provided by the governing authority.
The purpose of the CDD addendum is to ensure transparency and provide relevant information to stakeholders and residents about the activities, finances, and plans of the Community Development District.
The addendum must report on financial statements, budgets, assessment details, governance structure, planned improvements, and any other pertinent information about the district's operations.
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