The Regular Board Meeting and Final Budget Public Hearing scheduled for August 17, 2020 at 10:00am will be held at the Cutler Cay Community Clubhouse located at 7755 SW 192nd Street, Cutler Bay, FL 33157 or via Zoom Link or by Zoom Dial-in should the circumstances with the Covid-19 Pandemic and State Orders allow for and/or require the meeting to be held remotely.
Join by URL for VIDEO ACCESS at:
Meeting ID: 896 8519 6686
Call In Number: 929 436 2866 EST
About the District
Cutler Cay Community Development District (the “District”) which is a local unit of special-purpose government of the State of Florida established in accordance with the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended and by Ordinance No. 04-15 of the Board of County Commissioners of Miami Dade County, Florida (the “County”), effective January 20th 2004. District lands consist of approximately 215.336 (+/-) gross acres within the County and were developed as a residential community consisting of 505 single family residential homes units.
The District is governed by a five-member Board of Supervisors (qualified electors) elected during the general election process by qualified electors of the District. The District issued Special Assessment Bonds, Series 2004 (the “Bonds”) and has imposed taxes and/or assessments on all assessable property in the District to pay off the Bonds issued to finance the installation and construction costs of the public infrastructure improvements. In 2004 the District refinanced the Bonds to reduce the interest rate. The Special Assessment Refunding Bonds, Series 2014 (the “2014 Bonds”) will mature in May of 2029. All property owners within the District will be subject to annual assessments which are broken down in two (2) components:
- The operation and management of the District owned improvements
- Bond debt service (annual principal & interest) on the (2014) Bonds.
The District utilizes the Miami-Dade County Tax Collector to collect the assessments each year. The annual assessments appear under the non-ad valorem tax section of the real estate property tax bill. The District’s fiscal year runs from October 1 thru September 30 of each respective year.