Did you know, that way back in 2006 when the City of North Port annexed the West Villages land and the West Villages Improvement District was created, that the City, the WVID, and the developer, Fourth Quarter Properties, entered into a formal and binding agreement? This agreement pretty much guaranteed that the "promised" dedication and financial support of parks, utilities, fire, police, and medical infrastructure necessary to the formation of our new community would be done, and furnished at no cost to the City. Read the terms of the agreement documents for all of the details.
I have posted all of these links at the bottom of the blog home page, but you can access them directly here:
The various amendments over the years have been necessary to delay the required actions in the agreement due to the slow real estate market conditions. However, according to discussions at the 2/22/2011 WVID District Supervisors meeting, it looks like some of the "big ticket" items specified in this agreement may be entering the design and permitting phase in 2012 and 2013. Most notable, and expensive, are the Waste Water and Water Treatment Plants. The police sub-station and fire station can't be too far behind.
All of this is being paid for with District bond money. As these new, and required, "big ticket" items get built, we should all be getting ready for some hefty increases to appear in our non ad valorem tax bills starting around 2013 or 2014.
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