25-02054H

WATERSET CENTRAL COMMUNITY DEVELOPMENT DISTRICT

NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2025/2026 BUDGET; AND NOTICE OF PUBLIC HEARING TO CONSIDER THE IMPOSITION OF OPERATIONS AND MAINTENANCE SPECIAL ASSESSMENTS, ADOPTION OF AN ASSESSMENT ROLL, AND THE LEVY, COLLECTION, AND ENFORCEMENT OF THE SAME; AND NOTICE OF REGULAR BOARD OF SUPERVISORS’ MEETING.

Upcoming Public Hearings and Regular Meeting

The Board of Supervisors for the Waterset Central Community Development District (“District”) will hold the following two public hearings and a regular meeting:

TWO PUBLIC HEARINGS AND REGULAR MEETING
DATE: Wednesday, August 13, 2025
TIME: 5:30 p.m. (EST)
LOCATION: The Waterset Club
7281 Paradiso Drive
Apollo Beach, FL 33572

The purpose of the first public hearing is to receive public comment and objections on the District’s proposed budget(s) for the fiscal year beginning October 1, 2025 and ending September 30, 2026 (“Fiscal Year 2025/2026 Budget”). The first public hearing is being conducted pursuant to Chapter 190, Florida Statutes.

The purpose of the second public hearing is to consider the imposition of operation and maintenance special assessments upon the lands located within the District to fund the District’s Fiscal Year 2025/2026 Budget; to consider the adoption of an assessment roll; and to provide for the levy, collection, and enforcement of the assessments. The second public hearing is being conducted pursuant to Florida law including Chapters 190 and 197, Florida Statutes. At the conclusion of the hearings, the Board will, by resolution, adopt a budget and levy assessments as finally approved by the Board.

A Board meeting of the District will also be held where the Board may consider any other business that may properly come before it.

Description of Assessments

The District imposes special assessments on benefitted property within the District in order to fund the District’s general administrative, operations, and maintenance budget and to provide the funds necessary to pay debt service on outstanding bonds as reflected in the District’s debt service budget. A geographic depiction of the District (i.e., the property potentially subject to the assessment) is identified in the map attached hereto. The District presently operates and maintains storm water facilities, landscaping and irrigation, parks and recreation facilities, and other improvements. The District adopts its budget for these operations and maintenance expenses each year after consideration by the Board and after the holding of a public hearing.

All benefited lands within the District pay these assessments. Lands within the District are assigned units of measurement, known as “Equivalent Assessment Units” or “EAUs,” in accordance with their use and as described more fully in the District’s assessment methodology on file at the offices of the District Manager.

The table below shows the schedule of the proposed operation and maintenance assessments for each product type within the District. (Note that this does not include any debt assessments previously levied by the District and due to be collected for Fiscal Year 2025/2026):

WATERSET CENTRAL COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025/2026 O&M ASSESSMENT SCHEDULE

TOTAL O&M BUDGET
$1,974,559.00

COLLECTION COSTS @ 2%
$42,011.89

EARLY PAYMENT DISCOUNTS @ 4 %
$84,023.79

TOTAL O&M ASSESSMENT
$2,100,594.68

LOT SIZE
# OF UNITS PLANNED
EAU FACTOR
PROPOSED OPERATION & MAINTENANCE ASSESSMENT

Townhomes
112
.44
$1,928.53

Villas
120
.78
$1,954.27

SF 40 Series
150
.80
$1,955.78

SF 50 Series
331
1.00
$1,970.93

SF 60 Series
270
1.20
$1,986.07

SF 70 Series
84
1.40
$2,001.21

TOTAL O&M ASSESSMENT $2,100,594.68

The proposed operation and maintenance assessments include collection costs and/or early payment discounts, which Hillsborough County may impose on assessments that are collected on the Hillsborough County tax bill. The District expects to collect no more than $2,100,594.68 in gross revenue, including collection costs and/or early payment discounts.

By operation of law, the District’s assessments each year constitute a lien against benefitted property located within the District just as do each year’s property taxes. For Fiscal Year 2025/2026, the District intends to have the Tax Collector for Hillsborough County, Florida collect the assessments imposed on the benefitted property within the District. It is important to pay your assessment since failure to pay will cause a tax certificate to be issued against the property which may result in loss of title, or for direct billed assessments, may result in a foreclosure action, which also may result in a loss of title. The District’s decision to collect assessments on the tax roll or by direct billing does not preclude the District from later electing to collect those or other assessments in a different manner at a future time.

Miscellaneous Provisions

The public hearings and meeting are open to the public and will be conducted in accordance with the provisions of Florida law for community development districts. A copy of the proposed budget, proposed assessment roll, and the agenda for the hearings and meeting may be obtained at the offices of the District Manager, located at The Offices of Rizzetta & Company, 2700 S. Falkenburg Rd., Suite 2745 Riverview FL 33578, Ph: 813-533-2950, during normal business hours. The public hearings and meeting may be continued to a date, time, and place to be specified on the record at the hearings or meeting. There may be occasions when staff or board members may participate by speaker telephone.

Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at 813-533-2950 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 711 for aid in contacting the District Office.

Please note that all affected property owners have the right to appear at the public hearings and meeting, and may also file written objections with the District Manager within twenty days of publication of this notice. Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearings or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Ruben Durand, District Manager







































July 18, 25, 202525-02054H

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