Lakewood Ranch CDD 2: A Comprehensive Overview
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Lakewood Ranch CDD 2: A Comprehensive Overview
Introduction
Lakewood Ranch Community Development District 2 (CDD 2) is a special taxing district located within the master-planned community of Lakewood Ranch, Florida. Established in 1996, CDD 2 encompasses approximately 10,000 acres and provides a wide range of essential services and amenities to its residents. This article delves into the history, governance, funding, and services of Lakewood Ranch CDD 2, offering a comprehensive overview of this vital community organization.
History and Establishment
The formation of Lakewood Ranch CDD 2 was driven by the need for infrastructure and community services within the rapidly growing Lakewood Ranch area. In 1995, the Florida Legislature authorized the creation of the CDD through a special act. The following year, the CDD was officially established, and its first board of supervisors was elected by property owners within the district.
Governance and Administration
CDD 2 is governed by a five-member board of supervisors, who are elected by property owners within the district. The board is responsible for setting policies, approving budgets, and overseeing the operations of the CDD. The CDD is also administered by a professional staff, led by a general manager.
Funding and Revenue
CDD 2 primarily relies on property taxes to fund its operations. Property owners within the district pay an annual assessment, which is used to cover the costs of providing services and maintaining infrastructure. The CDD also generates revenue from impact fees, which are paid by developers when new homes or businesses are built within the district.
Services and Amenities
Lakewood Ranch CDD 2 provides a wide range of services and amenities to its residents, including:
- Infrastructure maintenance: The CDD is responsible for maintaining and repairing roads, sidewalks, stormwater drainage systems, and other essential infrastructure within the district.
- Parks and recreation: The CDD owns and operates numerous parks, playgrounds, and recreation facilities, including soccer fields, tennis courts, and a community center.
- Water and wastewater services: The CDD contracts with local utilities to provide water and wastewater services to residents within the district.
- Security: The CDD provides security services through a partnership with the Manatee County Sheriff’s Office.
- Community events: The CDD hosts a variety of community events throughout the year, such as festivals, concerts, and neighborhood gatherings.
Financial Performance and Transparency
CDD 2 maintains a strong financial position, with a healthy reserve fund and a low debt-to-asset ratio. The CDD’s annual budget is subject to public review and approval, and the CDD’s financial statements are audited annually by an independent auditor.
Community Engagement and Involvement
CDD 2 actively engages with its residents through a variety of channels, including:
- Public meetings: The board of supervisors holds regular public meetings to discuss CDD business and receive input from residents.
- Resident committees: The CDD has established several resident committees that provide advice and feedback on specific issues, such as parks and recreation, security, and financial matters.
- Community outreach: The CDD staff regularly attends community events and meetings to inform residents about CDD services and initiatives.
Conclusion
Lakewood Ranch Community Development District 2 is a well-managed and financially sound organization that provides essential services and amenities to its residents. The CDD’s commitment to infrastructure maintenance, parks and recreation, security, and community engagement has helped create a thriving and desirable community within Lakewood Ranch. As the Lakewood Ranch area continues to grow and develop, CDD 2 will play a vital role in shaping the future of this dynamic community.
Closure
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