Meadow Pointe CDD

Meadow Pointe Community
	Development District (CDD)

What is the Meadow Pointe Community Development District (CDD)?
 	To existing and prospective homeowners, the Meadow Pointe CDD is what really insures 
 that the community continues to keep its appearance of excellence today and tomorrow – 
 even long after the developer and builders are gone.
 	Technically speaking, the CDD is an independent, multi-function, special taxing district 
 (the “District”) created by the Pasco County Board of County Commissioners. The District 
 oversees and is responsible for Meadow Pointe’s common areas, amenities, landscaping, 
 recreational areas, parks and other miscellaneous infrastructure.

Who’s In Charge ... And Can I Get Involved?
   	A District Manager oversees the District’s day-to-day operations; the CDD is directed by 
   a board of five supervisors who are elected initially by the Meadow Pointe property owners.
   Eventually, a majority vote by Meadow Pointe homeowners, during a Pasco County 
   general election, determines who serves as a CDD supervisor. Everyone’s encouraged to get 
   involved by attending monthly board meetings, participating on a committee or serving on 
   the board!

Where Are My CDD Dollars Going and Can The Assessments Increase?
   	That’s the great news! Without exception, only Meadow Pointe homeowners benefit 
   from this assessment. Plus, every Meadow Pointe homeowner pays an equitable share of the 
   indebtedness.
   	The CDD is funded by the Meadow Pointe “A” Bond, and by yearly Operations & 
   Maintenance (O & M) assessments which appear on each homeowner’s tax bill. These taxes 
   and assessments pay for the construction and O & M costs of certain public facilities of the 
   District (recreational areas, landscaping, parks, etc.). These costs are set annually by the 
   District’s Board of Supervisors and are in addition to County and all other taxes and 
   assessments provided for by law. 
	     The “A” bond is a fixed yearly amount; however, the O & M amount may fluctuate each year, 
so as to address budget needs identified by the Board of Supervisors. The “A” bond is the only 
portion of these assessments that a homeowner could choose to retire. (Call Rizzetta & Company, 
 813-933-5571, for "A" Bond payoff details.)

What Happens When the Meadow Pointe Developer Leaves and 
 Lot Sales are Complete?
   	Absolutely nothing. The CDD’s annual debt service installment and the Operations & 
   Maintenance assessment is attributable to each lot, and, therefore, does not change. Since 
   the District provides homeowners with the assurance of common area maintenance, etc., it 
   doesn’t matter if the developer and builders are present or not.