CDD

 

 


Community Development Districts (CDD)

A Community Development District (CDD) is a local unit of special purpose government created to provide for the long-term, specific needs of its residents. Created pursuant to Chapter 190, Florida Statutes, a CDD's main powers are to plan, finance, construct, operate, and maintain community-wide infrastructure and services specifically for the benefit of its residents. The District finances construction of the infrastructure through the sale of tax-exempt bonds, a form of public financing. As a result, and in accordance with applicable state and federal law, all District owned improvements, facilities, and infrastructure is, and shall remain, open and accessible to the general public.

Lakewood Ranch Districts

Lakewood Ranch is comprised of six districts,  five Community Development Districts and one Stewardship District.


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