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HILLSBOROUGH COUNTY · LOCALlocal legislationPassed
Passed

Expansion of Waterset South Community Development District

Original title: CDD 24-1328 WATERSET SOUTH CDD Approve expansion of the Waterset South Community Development District (CDD) in accordance with the attached ordinance. No direct financial impact to the County will occur as a result of this petition. Of the total of $5,113,448 budgeted for CDD-qualified common area infrastructure costs for the expansion parcel, it is estimated that about $2,804,496.85 (or about 54.85%) of development costs will be funded with long-term CDD bond proceeds.

February 11, 2025

infrastructureland usecommunity development districtsreal estate development

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The Frame

What this does

The expansion authorizes the use of a special-purpose government entity to manage and finance $5.1 million in improvements for a specific development parcel, with $2.8 million of that total funded through long-term bonds.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Waterset South property owners

Property owners within the district may be subject to assessments to repay the long-term bonds used for infrastructure.

Hillsborough County

The document states there is no direct financial impact to the County.

What changed

Last recorded activity February 11, 2025.

What's next

Next step not available in the current record.

Summary

The Board of County Commissioners approved the expansion of the Waterset South . This action facilitates the development of for the expansion area, with a portion of the costs to be covered by long-term bonds.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is a Community Development District (CDD)?
A CDD is a special-purpose government unit created to plan, finance, construct, operate, and maintain community-wide .
Will this expansion cost the County taxpayers money?
The document states there is no direct financial impact to the County as a result of this petition.
How is the infrastructure for this expansion being paid for?
The total budget is $5,113,448, with approximately 54.85% ($2,804,496.85) funded by long-term CDD bonds.

Why It Matters

The expansion authorizes the use of a special-purpose government entity to manage and finance $5.1 million in improvements for a specific development parcel, with $2.8 million of that total funded through long-term bonds.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Bond-Funded Infrastructure

Over half of the infrastructure costs for this expansion are explicitly tied to long-term debt financing via CDD bonds.

Waterset South Community Development District

Connected Entities

organizationWaterset South Community Development DistrictMap →
organizationBOCC Land UseMap →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance40
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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