RISK AND COST: What Projects Come First

Harmony is a magical place to live; from the picturesque natural areas complete with Florida wildlife to the street trees shading you while you stroll through the neighborhood; from the children playing on the soccer field to the strolling sandhill cranes with their chicks; from the dogs playing together in the dog parks while their owners socialize on the benches; from the dip in the pool to a rousing game on the basketball court; from a quiet canoe trip across Buck Lake to a hike on Billy’s Trail;

Harmony has so much to offer to everyone who lives here.

All these things were built and preserved by the original developer using the bond money that you and I and all property owners in Harmony pay down every year in the debt portion of your CDD assessment. But all this infrastructure and conservation areas that make Harmony special are aging — Harmony recently passed its 20th birthday.

To understand what that means for Harmony you need to know what the Harmony CDD owns and is responsible for. In 2021, the CDD had a Reserve Study done which inventoried all the infrastructure that the CDD owns, from the 48-inch storm sewer pipes to the pool side furniture. The list was long (148 items or groups of items), so there is not enough room to list it all here. I have pulled out the items that the Reserve Study identified as needing major renovation or replacement over the next 2 years.

The CDD will be having this study updated as the current prices have increased significantly over the 2021 price estimates that were used in the Reserve Study. Remember, when looking at this chart, these expenses will be over and above what the CDD spends annually for regular operations and maintenance. This is why it is critical for the CDD to be setting aside money each year for these Reserves.