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| | CDD Finance
Plans - Continued...
The Community Development
District (CDD) Financing Plans are:
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Specifically constructed under individual state statutes. This means the
rules, terms, conditions, and processes can vary somewhat from state to state.
So you have to stay on top of them and there is not substitute for doing a
complete review or having an attorney explain the code. |
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Provide a
specific set of means and methods for addressing blighted areas (slums), areas
in danger of becoming blighted, and similar economic and social issues that
impact the value and/or utility of a given area's real property tax base. |
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Provide
for the local municipality to adopt resolutions to allow the creation of
Community Development Districts where said conditions meet the tests of the
statute. |
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Provide
for the use of bond issuances for these newly created districts to be used to
generate investment capital for qualified public and private uses. |
Find out more about why you
should be looking at a TIF, a CDD, or even abandoning these strategies in lieu
of something more attractive and efficient. Start things off with a free
initial consultation by contacting Rainmaker today.
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Do
You Know The Secret?
When it comes to commercial real
estate development finance, it doesn't matter whether you need to raise
$5 million or $50 million, the out-of-pocket costs, advance fees and
project due diligence costs will always require the same relative
investment dollars the promoters have to fund. Do you know what
that amount is? Do you know the Secret? |
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