Some residents in the Village of Fenney and newer areas of The Villages could see increases in maintenance assessment rates.
The Community Development District 12 Board of Supervisors on Thursday morning learned that acreage changes have created increases in the maintenance costs that are shared by residents.
Budget Director Barbara Kays offered three options for the CDD 12 board, which was discussing the budget for the 2019-2020 fiscal year.
• Option 1 would reduce all assessments to the point no homeowners would see an increase. That would result in a revenue shortfall of $250,000.
• Option 2 would mean staying at the same rate as 2018-2019, which could result in some homeowners seeing an increase in their maintenance assessment fees, due to the acreage changes.
• Option 3 would call for the same amount billed in 2018-2019 with a special assessment of approximately $45,000 for Phase III of the development. It would result in some units having increased rates, higher than those in Option 2.
CDD 12 Chairman Dean Barbarree said his “gut” told him that a $250,000 revenue shortfall could add up quickly over time.
The board decided to go with Option 2, on Kays’ advice.
“The worst increase is $35 bucks a year,” Barbarree said.
Final approval of the budget will take place later this year.