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Contact the ISD
Rizzetta & Company, Inc.
5844 Old Pasco Road
Suite 100
Wesley Chapel, FL 33544
Phone: 813-994-1001
Fax: 813-994-2100
Scott Brizendine, District Manager
To reserve a cabana in one of the parks, please contact Steve or Tony at 813-230-2898 or lakepadgett1@verizon.net
To view the current rental calendar, please click here.
Under Florida law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.
Next Event
Mar 20, 2012 07:00 PM
ISD Meeting
Lake Padgett Estates Stables Meeting Room, located at 22140 Coldstream Road, Land O Lakes, FL 34639
Apr 17, 2012 07:00 PM
ISD Meeting
Lake Padgett Estates Stables Meeting Room, located at 22140 Coldstream Road, Land O Lakes, FL 34639
Community Development Districts - What you should know!
A ISD is a governmental unit created to serve the long-term specific needs of its community. Created pursuant to chapter 189 of the Florida Statutes, a ISD’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 ISD Do?
Through a ISD, the community can offer its residents a broad range of community-related services and infrastructure to help ensure the highest quality of life possible. ISD responsibilities within our community may include storm water management, potable and irrigation water supply, sewer and wastewater management, street lights and community park operations.
How ISDs Operate
A ISD is governed by its Board of Supervisors elected by the residents of Lake Padgett Estates. Like all municipal, county, state, and national elections, the Office of the Supervisor of Elections oversees the vote, and ISD Supervisors are subject to state ethics and financial disclosure laws. The ISD’s business is conducted in the “Sunshine,” which means all meetings and records are open to the public. Public hearings are held on ISD assessments. and the ISD’s budget is subject to annual independent audit.
Benefits to Residents
Residents
within a community with a ISD may expect to receive three major classes
of benefits. First, the ISD provides landowners consistently high levels
of public facilities and services managed and financed through self-imposed
fees and assessments. Second, the ISD ensures that these community development
facilities and services will be completed concurrently with other parts
of the development. Third, ISD landowners and electors choose the Board
of Supervisors, which is able to determine the type, quality and expense
of ISD facilities and services.
Other savings are realized because a ISD is subject to the same laws and regulations that apply to other government entities. The ISD 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.
Residents and property owners in a ISD set the standards of quality, which are then managed by the ISD. The ISD provides perpetual maintenance of the environmental conservation areas. This consistent and quality-controlled method of management helps protect the long term property values in a community.
The Cost of a ISD
The
cost to operate a ISD is borne by those who benefit from its services.
Property owners in the ISD 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 ISD 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
ISD, specific fee information is available for each community.
LPE ISD has not issued a bond, so only the operations and maintenance assessment appears on the tax bill.
Lasting Value
The ISD 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 ISD in place, residents are assured of the ability to control quality and value for years to come.
Community Development District FAQs
Q What is the Independent Special District in our community specifically responsible for? A The ISD will provide the following publicly-owned elements:
- Conservation areas
- Common area landscaping
- Parks & wooden bridges
- Community park operations
- Recreation trails
Q Who governs the ISD?
The ISD is governed by a five-member Board of Supervisors elected by majority vote of the resident electors in the community. A professional manager implements the policies of the Board.
Q How are ISD services financed?
To maintain the facilities of the community and administer the ISD,
the ISD 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 ISD improvements
through this annual assessment.
Q How are annual assessments determined?
The annual operating and maintenance assessment amount will be set annually by the Board of Supervisors. The factors that determine an adjustment in the assessment consist of inflation and changes to the levels of service.
Q What are the ongoing responsibilities of the ISD?
The ongoing responsibilities of the ISD are to maintain the community facilities for the benefit of the property owners.
How do I find out more about the Lake Padgett Estates ISD?
For more information about the Lake Padgett Estates ISD, please contact the District Manager’s Office.