Status: Dependent
County: Palm Beach
Date Established: July 21, 2004
Creation Document: County Ord. #2004-018
Statutory Authority: Chapter 190, F.S.
Board Selection: Elected
Local Governing Authority: Palm Beach County
The Captain’s Key Community Development District was created by the Palm Beach County Commission as a dependent district pursuant to F.S. 189 and 190. The District is a special purpose taxing district designed to offer a financing and collection alternative for gating the Captain’s Key community in North Palm Beach.
A five-person Board of Supervisors governs the District. Members must be Florida residents and United States citizens. All property owners within the CDD will be subject to annual assessments which are broken down in two components:
1. The operation and maintenance (O & M) of the improvements
2. Debt service (annual principal & interest) on the capital improvement loan.
The CDD utilizes the Palm Beach County Tax Collector to collect these assessments each year. The annual assessments appear as one line in the non-ad valorem section of the property tax bill. The fiscal year is October 1st – September 30th.