CDD Purpose

A CDD provides the “solution” to Florida’s need to provide valuable community infrastructure generated by growth, ultimately without overburdening other governments and their taxpaying residents. Community Development Districts represent a major advancement in Florida’s effort to manage its growth effectively and efficiently. This allows a developer to establish higher construction standards, meanwhile providing a long-term solution to the operation and maintenance of the community’s facilities.

CDD Information

A. Full Legal Name: Tesoro Community Development District
B. Public Purpose: The Tesoro Community Development District is a local, special purpose government entity authorized by Chapter 190 of the Florida Statutes as amended, and created by Rule on January 10, 2005 as an alternative method of planning, acquiring, operating and maintaining community-wide improvements in planned communities. A CDD provides the “solution” to Florida’s need to provide valuable community infrastructure generated by growth, ultimately without overburdening other governments and their taxpaying residents. Community Development Districts represent a major advancement in Florida’s effort to manage its growth effectively and efficiently. This allows a developer to establish higher construction standards, meanwhile providing a long-term solution to the operation and maintenance of the community’s facilities. The Tesoro CDD has been granted those general powers defined in Section 190.011, Florida Statutes, as well as those special powers defined in Section 190.012(1) and (2)(a), (d), and (e), Florida Statutes, all as more particularly described in the St. Lucie County Ordinance. CLICK HERE FOR LINK TO CHAPTER 190, F.S.

C. Contact Info: PDF | RTF
D. Fiscal Year: October 1 through September 30
E. District Establishment Date: : PDF | RTF
F. Contact Info for District:
Tesoro Community Development
Governmental Management Services
Jason Showe
219 E. Livingston St.
Orlando, Florida 32801
Jshowe@gmscfl.com
Website: WWW.TESOROCDD.COM

G. Map of the District: PDF | RTF
H. Taxes, Fees, and Assessments: Assessments are collected Pursuant to Florida Statutes Chapter 170. Tesoro CDD currently collects:
CLICK HERE FOR BUDGET AND RELATED ASSESSMENTS
I. Primary Contact Info:
Jason Showe
219 E. Livingston St.
Orlando, Florida 32801
J. Code of Ethics: Link to Florida Commission on Ethics (CLICK HERE)
K. Budgets and Amendments: CLICK HERE
L. Audit Report: CLICK HERE

Additional District Documents

CDD FAQ

Community Development Districts (CDDs) 
A CDD is a governmental unit created to serve the long-term specific needs of its community. Created pursuant to chapter 190 of the 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.

What will the CDD Do? 
Through a CDD, the community can offer its residents a broad range of community-related services and infrastructure to help ensure the highest quality of life possible. CDD responsibilities within our community include storm water management and associated landscaping..

How CDDs Operate 
A CDD is governed by its Board of Supervisors which is elected initially by the landowners, then begins transitioning to residents of the CDD after six years of operation. Like all municipal, county, state, and national elections, the Office of the Supervisor of Elections oversees the vote, and CDD Supervisors are subject to state ethics and financial disclosure laws.

The CDD’s business is conducted in the “Sunshine,” which means all meetings and records are open to the public. Public hearings are held on CDD assessments. and the CDD’s budget is subject to annual independent audit.

Relationship with the Homeowners Association
The CDD and HOA responsibilities differ in that the Home Owners Association (HOA) is responsible for maintaining and enforcing all of the covenants, conditions, and restrictions related to use of homeowner’s property in Tesoro.

For more HOA information, please contact your subdivision HOA.

Benefits to Residents 
Residents within a community with a CDD may expect to receive three major classes of benefits. First, the CDD provides landowners consistently high levels of public facilities and services managed and financed through self-imposed fees and assessments. Second, the CDD ensures that these community development facilities and services are maintained at a proper level. Third, CDD residents elect the Board of Supervisors (once Florida Statutory requirements are met), which is able to determine the type, quality and expense of CDD facilities and services.

Other savings are realized because a CDD is subject to the same laws and regulations that apply to other government entities. The CDD is able to borrow money to finance its facilities at lower, tax-exempt, interest rates, the same as cities and counties. Many contracts for goods and services, such as annually negotiated maintenance contracts, are subject to publicly advertised competitive bidding.

The CDD sets the standards of quality in the community. This consistent and quality-controlled method of management helps protect the long term property values in a community.

The Cost of a CDD
The cost to operate a CDD is borne by those who benefit from its services. Property owners in the CDD are subject to a non-ad valorem assessment, which appears on their annual property tax bill from the county tax collector and may consist of two parts—an annual assessment for operations and maintenance, which can fluctuate up and down from year to year based on the budget adopted for that fiscal year—and an annual capital assessment to repay bonds sold by the CDD to finance community infrastructure and facilities, which annual assessments are generally fixed for the term of the bonds. Because costs and services vary depending upon the individual CDD, specific fee information is available for each community.

Lasting Value 
The CDD makes it possible for our community to offer the most desirable elements of a master-planned community. Residents enjoy high quality infrastructure facilities and services with the comfort and assurance of knowing that the standards of the community will be maintained long after the developer is gone. With a CDD in place, residents are assured of the ability to control quality and value for years to come.

Community Development District FAQs

Q. Who governs the CDD?

A. The CDD is governed by a five-member Board of Supervisors elected initially by the property owners. The Board will then be elected by majority vote of the resident electors in the community. A professional manager implements the policies of the Board.

Q. How are CDD services financed?

A. The CDD issues Special Assessment Revenue Bonds to finance community infrastructure. Generally, Community Development Districts assess each property owner a yearly capital debt service assessment to pay back those bonds.

In addition, to maintain the facilities of the community and administer the CDD, the CDD conducts a public hearing each year at which it adopts an operating and maintenance budget. The funding of this budget is levied as an operating and maintenance assessment on your property by the Board of Supervisors. All residents pay for a share of the maintenance of the CDD improvements through this annual assessment.

Q. How are annual assessments determined?

A. The annual operating and maintenance assessment amount will be set annually by the Board of Supervisors.

Q. What are the ongoing responsibilities of the CDD?

A. The ongoing responsibilities of the CDD are to administer CDD bonds, operate and maintain the community facilities for the benefit of the property owners.

Q. How Do I Find Out More About the Tesoro Community Development District?

A. Issues relating to the budget, finances, and stormwater management should be directed to the District Manager.