POLISCOPE
Back to feed
Part ofinfrastructure →
CDD 21-0157HILLSBOROUGH COUNTY · LOCALSession 2021local legislationUNKNOWN
Local Impact

Proposal to Create Cypress Ridge Community Development District

Original title: CDD 21-0157: Petition to Establish Cypress Ridge CDD

April 15, 2021

infrastructurecommunity developmentlocal governmentfinancereal estate

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

The Frame

What this does

The establishment of this district creates a legal entity authorized to issue bonds to fund $23,963,146 in infrastructure development, which will be repaid by property owners within the district.

Who is mentioned in the record

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

Future property owners in Cypress Ridge

Property owners within the district will be subject to assessments to repay the CDD bonds used for infrastructure.

County government

The county is responsible for reviewing and approving the petition to establish the district.

What changed

Last recorded activity April 15, 2021.

What's next

Next step not available in the current record.

Summary

This ordinance proposes the creation of the Cypress Ridge to manage local infrastructure development. The district would utilize bond funding to cover a significant portion of common area infrastructure costs.

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 infrastructure.
Will this cost the county taxpayers money?
The document states there is no direct financial impact to the county from this petition.
How will the infrastructure be paid for?
The infrastructure development is budgeted at $38,536,750, with $23,963,146 of that amount funded by long-term CDD bonds.

Why It Matters

The establishment of this district creates a legal entity authorized to issue bonds to fund $23,963,146 in infrastructure development, which will be repaid by property owners within the district.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

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

financial connection90% confidence

Bond-Funded Infrastructure

The project relies on bond financing for over 60% of its infrastructure budget, shifting the cost burden to future district property owners.

Cypress Ridge Community Development District

Connected Entities

dollar_amount$38,536,750“Total CDD budget”Map →
dollar_amount$ 23,963,146“Amount of funds for common costs”Map →
bill_numberCDD“Community Development District”Map →
locationCypress Ridge“The area the CDD serves”Map →
organizationCypress Ridge Community Development District“The proposed CDD”Map →

Sources

Open source document

...

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

Publisher tools

Share or embed this record

POLISCOPE publisher tools

Share or embed this record