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Finances

The Harbourage at Braden River Community Development District (“District”) is authorized to determine, order, levy, impose, collect, and enforce special assessments pursuant to this Chapter 190 and Chapter 170 of the Florida Statues. Such special assessments may, in the discretion of the District, be collected and enforced pursuant to the provisions of ss. 197.3631, 197.3632, and 197.3635, Chapter 170, or Chapter 173.

District Budget Information

The budget is a financial plan that serves as the basis for expenditure decision-making and subsequent control of expenditures. The plan strives to provide program services at the levels of service established by the Board during the budget process. However, the budget must also be flexible enough to account for unexpected events and expenditures. Otherwise, levels of service in other program areas may suffer to operate within the constraints of the overall budget. See links at the bottom of this page for all budget and financial documents. Click below to view the current budget.

District Operation & Maintenance Assessments

The District’s Debt/Bond and Operations and Maintenance Assessments appear as a combined amount on that portion of the annual real estate tax bill entitled “non-ad valorem assessments,” and will be collected by the Manatee County Tax Collector in the same manner as county ad valorem taxes. Each property owner must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax bill, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessment directly.

The link below is to the chart which depicts the Debt and O&M Assessments for the current Fiscal Year. Fiscal Years run from October 1st through September 30th of each year. It is important to know that O&M Assessment may change from year to year, depending upon the annual Operations and Maintenance Budget adopted for a given fiscal year.

Fiscal Year 2019-2020 Assessment Chart

District Debt Assessments

The Series 2007A Bonds and associated interest are payable from and secured by non-ad valorem assessments levied against those lands within the District that benefit from the design, construction and/or acquisition of the improvements (“Debt Assessments”). The Series 2007A Bonds mature on May 1, 2038. The Series 2007A Bond proceeds were utilized to fund the construction and/or acquisition of a portion of the Districts Total Improvement Project, which will provide special benefit to the development.

The District’s Debt Assessments and operation and maintenance assessments (discussed below) may appear on that portion of the annual real estate tax bill entitled “non-ad valorem assessments,” and will be collected by the Manatee County Tax Collector in the same manner as county ad valorem taxes. Each property owner must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax bill, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessment directly.

The link below is to the chart which depicts the annual assessment amount of the Series 2007A Bonds by each lot/unit type to repay that debt. The Series 2007A Bonds encumber all the lots/units within the District. It is important to know that the Debt Assessment is a fixed amount and will not change from year to year.

Fiscal Year 2019-2020 Assessment Chart

District Bond Assessments

The Bond or Debt portion of the assessment is the Series 2014 Bonds and interest payable from and secured by non-ad valorem assessments levied against those lands within the District that benefit from the design, construction and/or acquisition of the improvements (“Debt Assessments”). The Series 2014 Bonds mature in May 2034. The 2003A Bonds were refunded and defeased with the new Series 2014 Bonds.

Bond Payoff Request

For a bond payoff quote, e-mail bondpayoff@rizzetta.com and provide the name of your CDD, your name, home address, phone number and e-mail address.

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