25-01268P

Notice of Workshop and Public Hearing to Consider Adoption of Assessment Roll and
Imposition of Non-Ad Valorem Special Assessments Pursuant to Chapters 170, 190, and 197,
Florida Statutes, by the Abbott Square Community Development District

The Board of Supervisors (“Board”) of the Abbott Square Community Development District (“District”) will hold a workshop on Tuesday, July 8, 2025, at 6 p.m. at the Hilton Garden Inn Tampa Wesley Chapel, 26640 Silver Maple Parkway Wesley Chapel, Fl. 33544 and a public hearing at its meeting on Wednesday, August 6, 2025, at 6 p.m. at the Hilton Garden Inn Tampa Wesley Chapel, 26640 Silver Maple Parkway Wesley Chapel, Fl. 33544.
The purpose of the workshop is to provide residents more information about the proposed acquisition of the clubhouse and recreational facilities within the District (the “Abbott Square Clubhouse”) as described in the Report of the District Engineer on file with the District and the proposed increase in its operations and maintenance assessments.
The purpose of the public hearing will be to consider the adoption of an assessment roll and to provide for the levy, collection, and enforcement of proposed non-ad valorem special assessments (“Debt Assessments”) that will secure the District's proposed Special Assessment Bonds that would be issued to acquire the Abbott Square Clubhouse and includes a contingency for repairs and to fund the maintenance through December 2025. At this hearing, the Board will hear testimony from any interested property owners as to the propriety and advisability of the Debt Assessments on all benefitted lands within the District, more fully described in the Amenity Master Special Assessment Methodology Report on file with the District. The Board will sit as an equalizing Board to consider comments on these assessments. The public hearing is being conducted pursuant to Chapters 170, 190, and 197, Florida Statutes.
The annual principal assessment levied against each parcel will be based on repayment over 30 years of the total debt allocated to each parcel. The proposed schedule of assessments for all 651 units in the District will be on an equalized basis with a maximum annual assessment of $659.85 per unit and a principal amount of $8,771.12 per unit (inclusive of interest, collection costs, and discounts for early payment). The District expects to collect sufficient revenues to retire no more than $5,710,000 principal in debt.
The Debt Assessments are anticipated to be collected by the Pasco County Tax Collector. Alternatively, the District may directly collect the Debt Assessments in accordance with Chapter 190, Florida Statutes.
Failure to pay the assessments may cause a tax certificate to be issued against the property and/or subject the property to foreclosure, either of which may result in a loss of title. All affected property owners have the right to appear at the public hearing and the right to file written objections with the District within 20 days of publication of this notice.
The workshop, Board meeting, and public hearing are open to the public and will be conducted in accordance with the provisions of Florida Law for community development districts. The workshop, Board meeting, and/or the public hearing may be continued in progress to a date and time certain announced at the workshop, meeting, and/or hearing.
If anyone chooses to appeal any decision made by the Board with respect to any matter considered at the meeting or public hearing, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.
A copy of the agenda may be viewed on the District's website at least 7 days before the meeting www.abbottsquarecdd.net, or may be obtained by contacting the District Manager's office via email at [email protected].
Pursuant to the Americans with Disabilities Act, any person requiring special accommodations at the meeting or hearing because of a disability or physical impairment should contact the District Office at 813-991-1140 at least 2 business days prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 711 or 1-800-955-8771 (TTY), or 1-800-955-8770 (voice) for aid in contacting the District office.
Mark Vega, District Manager

RESOLUTION NO. 2025-04
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ABBOTT SQUARE COMMUNITY DEVELOPMENT DISTRICT DECLARING NON-AD VALOREM SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THE PUBLIC IMPROVEMENTS WHICH COST IS TO BE DEFRAYED IN WHOLE OR IN PART BY SUCH DEBT ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE PUBLIC IMPROVEMENTS TO BE DEFRAYED IN WHOLE OR IN PART BY SUCH DEBT ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH DEBT ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH DEBT ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON WHICH SUCH DEBT ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; AUTHORIZING THE PREPARATION OF A PRELIMINARY ASSESSMENT ROLL; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Board of Supervisors (the “Board”) of the Abbott Square Community Development District (the “District”) has determined to acquire and construct certain public improvements (the “Recreational Project”) set forth in the plans and specifications described in the Report of the District Engineer dated June 4, 2025 (the “Engineer's Report”), incorporated by reference as part of this Resolution and which is available for review at the office of Inframark, located at 2005 Pan Am Circle, Suite 300, Tampa, FL 33607 (the “District Office”); and
WHEREAS, the Board finds that it is in the best interest of the District to pay the cost of the Recreational Project and future operation and maintenance and repairs by imposing, levying, and collecting non-ad valorem special assessments pursuant to Chapter 190, the Uniform Community Development District Act, Chapter 170, the Supplemental Alternative Method of Making Local and Municipal Improvements, and Chapter 197, Florida Statutes (the “Debt Assessments”); and
WHEREAS, the District is empowered by Chapters 190, 170, and 197, Florida Statutes, to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain the Recreational Project and to impose, levy, and collect the Debt Assessments; and
WHEREAS, the District determines that benefits will accrue to the property improved, the amount of those benefits, and that the Debt Assessments will be made in proportion to the benefits received as set forth in the Amenity Master Special Assessment Methodology Report dated June 4, 2025 (the “Assessment Report”), incorporated by reference as part of this Resolution and on file in the District Office; and
WHEREAS, the District determines that the Debt Assessments to be levied will not exceed the benefits to the property improved.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE DISTRICT THAT:
1. The foregoing recitals are hereby incorporated as the findings of fact of the Board.
2. The Debt Assessments shall be levied to defray all of the costs of the Recreational Project and includes future maintenance and repairs.
3. The nature of the Recreational Project generally consists of approximately 4.15 acres of land, together with the existing clubhouse building, all the facilities (pool area, playground area, fitness center, parking lot, landscaping/irrigation/hardscaping, and other existing sitework and appurtenant improvements), fixtures and personal property, all located within Tract C of the Abbott Square Phase 1A plat, all as described more particularly in the plans and specifications on file at the District Office, which are by specific reference incorporated herein and made part hereof.
4. The general locations of the Recreational Project are as shown on the plans and specifications referred to above.
5. As stated in the Engineer's Report, the estimated cost of the Recreational Project is approximately $4,166,400 and the future operation and maintenance are approximated to be $75,000 and repairs are approximated to be $175,000, for a total cost of $4,416,400 (hereinafter, referred to as the “Estimated Cost”).
6. As stated in the Assessment Report, the Debt Assessments will defray approximately $5,710,000 of the expenses, which includes the Estimated Cost, plus financing related costs, capitalized interest, a debt service reserve and contingency, all of which may be financed by the District's proposed special assessment bonds.
7. As provided in further detail in the Assessment Report, the lands within the District are currently fully platted and the Debt Assessments will be levied on an equalized basis across all residential units as they will all benefit equally from the ability to enjoy and use the Recreational Project regardless of product type or front footage.
8. In the event the actual cost of the Recreational Project exceeds the Estimated Cost, such excess may be paid by the District from additional assessments or contributions from other entities. No such excess shall be required to be paid from the District's general revenues.
9. The Debt Assessments shall be levied in accordance with the Assessment Report referenced above on all lots, within the District, which are adjoining and contiguous or bounding and abutting upon the Recreational Project or specially benefited thereby and further designated by the assessment plat hereinafter provided for.
10. There is on file at the District Office, an assessment plat showing the area to be assessed, with the plans and specifications describing the Recreational Project and the Estimated Cost, all of which shall be open to inspection by the public.
11. The Board has caused the District Manager to prepare a preliminary assessment roll which shows the lots assessed, the amount of benefit to and the assessment against each lot and the number of annual installments into which the assessment is divided. The preliminary assessment roll is part of the Assessment Report which is on file at the District Office.
12. In accordance with the Assessment Report and commencing with the year in which the District is obligated to make payment of a portion of the Estimated Cost acquired by the District, the Debt Assessments shall be paid in not more than 30 annual installments payable at the same time and in the same manner as are ad valorem taxes and as prescribed by Chapter 197, Florida Statutes; provided, however, that in the event the uniform method for the collection of non-ad valorem assessments is not available to the District in any year, or the District determines not to utilize the provision of Chapter 197, Florida Statutes, the Debt Assessments may be collected as is otherwise permitted by law.
Passed and Adopted on June 4, 2025.
Attest: Abbott Square
Community Development District

/s/ Brian Lamb /s/ Tanya Benton
Brian Lamb Tanya Benton
Secretary Vice-Chair of the Board of Supervisors
June 27; July 4, 2025 25-01268P