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districts, County or its dependent districts, or County management but financing with municipal <br />service benefit units and municipal service taxing units, or private entities, all of which can be grouped <br />into three major categories: public district, public other, and private. <br />With regard to the public services delivery, dependent and other independent special districts can be <br />used to manage the provision of infrastructure and services, however, they are limited in the types of <br />services they can provide, and likely it would be necessary to employ more than one district to provide <br />all services needed by the development. <br />Other public entities, such as cities, are also capable of providing services, however, their costs in <br />connection with the new services and infrastructure required by the new development and, transaction <br />costs, would be borne by all taxpayers, unduly burdening existing taxpayers. Additionally, other public <br />entities providing services would also be inconsistent with the State's policy of "growth paying for <br />growth". <br />Lastly, services and improvements could be provided by private entities. However, their interests are <br />primarily to earn short-term profits and there is no public accountability. The marginal benefits of tax- <br />exempt financing utilizing CDDs would cause the CDD to utilize its lower transactional costs to <br />enhance the quality of infrastructure and services. <br />In considering transactional costs of CDDs, it shall be noted that occupants of the lands to be included <br />within the District will receive three major classes of benefits. <br />First, those residents in the District will receive a higher level of public services which in most instances <br />will be sustained over longer periods of time than would otherwise be the case. <br />Second, a CDD is a mechanism for assuring that the public services will be completed concurrently <br />with development of lands within the development. This satisfies the revised growth management <br />legislation, and it assures that growth pays for itself without undue burden on other consumers. <br />Establishment of the District will ensure that these landowners pay for the provision of facilities, <br />services and improvements to these lands. <br />Third, a CDD is the sole form of local governance which is specifically established to provide District <br />landowners with planning, construction, implementation and short and long-term maintenance of <br />public infrastructure at sustained levels of service. <br />The cost impact on the ultimate landowners in the development is not the total cost for the District <br />to provide infrastructure services and facilities. Instead, it is the incremental costs above, if applicable, <br />what the landowners would have paid to install infrastructure via an alternative financing mechanism. <br />Consequently, a CDD provides property owners with the option of having higher levels of facilities <br />and services financed through self-imposed revenue. The District is an alternative means to manage <br />necessary development of infrastructure and services with related financing powers. District <br />management is no more expensive, and often less expensive, than the alternatives of various public <br />and private sources. <br />10 120 <br />