Thursday, August 17, 2017

West Villages: Sarasota Herald-Tribune says, "Final pieces falling into place for Atlanta Braves spring training."

Sarasota Herald-Tribune article By Zach Murdock, Staff Writer

Posted Aug 5, 2017 at 12:00 PM
Updated Aug 5, 2017 at 5:05 PM
 
After months of wrangling agreements and funding, local officials are working on the final, formal development agreement

NORTH PORT — The final pieces of the plan to bring the Atlanta Braves to a new spring training complex in North Port are expected to fall into place over the next few weeks.

After months of wrangling agreements and funding, local officials are working on the final, formal development agreement for the public-private project and waiting on approval of a $20 million state stadium grant to round out the full $75 to $80 million project.

Then it will become a matter of turning a pasture into a professional baseball stadium and Major League training campus in less than 18 months — just in time for spring training in February 2019.

“There’s still a ways to go,” said Sarasota County Economic Development Director Jeff Maultsby, who has helped lead negotiations with the team for more than two years.

August and September mark an important turning point for the project. For the past 18 months, Maultsby and leaders from North Port and the West Villages commercial and residential development have negotiated with team executives about building the training campus near U.S. 41 and River Road in the West Villages.

Now the West Villages only waits for word back on its application for a $20 million spring training stadium through the Florida Sports Foundation to complete the financing package for the project. Local and foundation leaders have been in discussions about the grant since before negotiations were even public in early 2016, but there is no deadline on when the state must respond to the application made in mid-June.

“We’re just waiting on them to complete their review, do their due diligence on the application from the West Villages,” Maultsby said. “As soon as they’ve got their decision, they’ll let us know ... that will be the final piece of funding and of this capital stack, if you will.”

See the original article at http://www.heraldtribune.com/news/20170805/final-pieces-falling-into-place-for-atlanta-braves-spring-training



Check out information about the surrounding communities at westvillageshome.com


Wednesday, August 16, 2017

West Villages Improvement District 2017-2018 Final Budget Documents

Here are the final budget budget documents as approved at the Meeting of the West Villages Supervisory Board on August 10th, 2017. Contact me at westvillagesrealty@gmail.com if you would like me to send you the pdf version. I can also provide a link to audio of that meeting.

Thanks,
Ali Johnston
West Villages Realty LLC

westvillageshome,com
westvillagesrealty.com

































Tuesday, August 8, 2017

West Villages: New Metrostudy Sarasota-Bradenton-Venice area report released yesterday


This was taken from http://www.metrostudy.com/sarasota-bradenton-housing-2q17-new-home-starts-decline-2q17-best-quarterly-closings-since-recession/



Local Markets

SARASOTA / BRADENTON HOUSING 2Q17: New Home Starts Decline, As 2Q17 Has Best Quarterly Closings Since Recession

Metrostudy NewsAugust 7, 2017


- 2Q17 Quarterly New Home Starts Down 1.5% YoY & Annual Starts Up 2.2% YoY

- 2Q17 Quarterly Closings Up 8% YoY & Annual Closings Up 10% YoY

- New home production continues to trend to higher price ranges, with starts over $250K up 9.7% YoY


Metrostudy’s 2Q17 survey of the Sarasota-Bradenton housing market shows 1,457 single-family units were started in the second quarter of 2017, down 1.5% compared to 2Q16 but a 7% increase from 1Q17. The annual start rate totaled 5,515, up by 2.2% compared to the same quarter last year.  Single-family quarterly closings totaled 1,540 units, 5.8% higher than 2Q16 levels. The annual closings rate was 5,380 units, 10% above the rate in 2Q16.


“The second quarter of 2017 had the best quarterly closing rate since the recession, but the first two quarters of 2017 have been down in terms of new housing starts versus the same quarter of 2016,” said Tony Polito, Regional Director of Metrostudy’s Sarasota/Bradenton market. “This may be reflective of some price pressure however, Manatee County’s average closing price per square foot was level at $145/SF with the 2016 rate, and Sarasota County saw its average price per square foot fall from $157 to $154 over the same period. Even with this slight decline in housing starts, the Sarasota/Bradenton market is building at 119% of its 20-year moving average and it is one of only two Florida markets building above the long-term average. Naples/Ft. Myers is the other.”


For the twelve months ending June 30, 2017, annual new home starts in price ranges under $250K totaled 1,277 units, down 16.7%% from 2Q16. Annual new home starts in prices over $250K were up 9.7% from the rate at the end of 2Q16. The marginal 118-unit increase in the annual start pace was split: 256 fewer units under $250K and 374 more units above $250K.





In 2Q17, Manatee, Sarasota, and Charlotte Counties were the region’s top three markets based on annual starts. Manatee County recorded 2,649 annual housing starts, up 0.6% from 2Q16. Sarasota County had 2,114 annual starts, up 2.9% from the same quarter last year. Charlotte had 746 annual starts ending 2Q17, a 6.7% increase from 2Q16. During the second quarter of 2017, Manatee County recorded 629 starts, down 7.2% from the prior quarter and down 5.3% from 2Q16. Sarasota County recorded 482 starts, down 18.4% from 1Q17 and down 13.9% from 2Q16. Venice is now building 174% of the volume of North Manatee but 60% of the volume of SE Manatee County.


Total single-family inventory, which is composed of units under construction, finished vacant and models, equaled 2,832 units on the ground at the end of the second quarter, a 6.3-month supply and up 5% from last year. Compared to last year, under construction inventory rose by 17 units to 2,077. Finished vacant inventory increased by 28.6% YoY to 463 in 2Q17. However, the number of move-ins exceeded completions during the quarter and FV inventory decreased by 33 units. We consider FV equilibrium between 1.5 and 2 months. As of June 30, 2017, the months of supply of FV units for all of Sarasota/Bradenton stood at 1.0 months. All told, total inventory of 6.3 months is at the low end of equilibrium, but price increases may be difficult.


The table below ranks the top ten communities in the market by annual starts:


Community (Area)                                      Annual Starts

Lakewood Ranch ……………………………………901

The West Villages …………………………………..428

Palmer Ranch…………………………………………229

Del Tierra……………………………………………….207

Grand Palm ……………………………………………185

South Gulf Cove ……………………………………..171

Rotonda …………………………………………………168

Punta Gorda Isles …………………………………..160

Milano…………………………………………………….153

Sarasota National ……………………………………131



About Metrostudy: Metrostudy is the leading provider of primary and secondary market information to the housing and related industries nationwide. Metrostudy provides research, data, analytics and consulting services to help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day. For more information, visit www.metrostudy.com
Metrostudy contact: Tony Polito, 813.888.5151, tpolito@metrostudy.com

About Hanley Wood: Hanley Wood is the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters and websites; high-profile executive events; and strategic marketing solutions. To learn more, visit hanleywood.com.



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West Villages Realty LLC
www.WestVillagesRealty.com
www.WestVillagesHome.com






West Villages: Don't Forget! District Budget Meeting 2017

Sarasota Herald-Tribune
7/21/2017; 7/28/17
Miscellaneous Notices

WEST VILLAGES
IMPROVEMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2017/2018 BUDGET AND NOTICE OF REGULAR BOARD OF SUPERVISORS' MEETING

The Board of Supervisors of the West Villages Improvement District will hold a Public Hearing on August 10, 2017, at 11:00 a.m., or as soon thereafter as can be heard, in a Meeting Room of the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286 for the purpose of hearing comments and objections on the adoption of the budget of the District for the Fiscal Year 2017/2018. A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly come before it.

A copy of the agenda and budget may be obtained from the District's website or at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, Telephone: (561) 630-4922 and/or toll free at 1-877-737-4922, during normal business hours.

The public hearing and meeting are open to the public and will be conducted in accordance with the provisions of Florida law for special districts. The public hearing and meeting may be continued to a date, time and place to be specified on the record at the meeting. There may be occasions when staff or Supervisors 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 (561) 630-4922 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770, for aid in contacting the District Office.

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.

Meetings may be cancelled from time to time without advertised notice.

Todd Wodraska, District Manager
WEST VILLAGES IMPROVEMENT DISTRICT


Thanks,
Ali


Thinking about buying or selling your home in this area? Our in-depth knowledge and experience here is exceptional, as you can see, and can be of particular value to you throughout the process. Contact us today and find out all of the ways we can be of help to you!



Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com









Tuesday, August 1, 2017

West Villages: District Supervisory Board Meeting July 27, 2017

There was a great turnout at the last West Villages Improvement District Supervisory Board meeting on Thursday. A lot of residents showed up to ask questions and voice personal opinions/concerns about various items of interest for both individual communities and the greater district.

There really was too much for me to mention everything, so I have posted a video that contains recorded audio from the meeting. Please note, I was 2-3 min late, so the meeting had just begun when the recording started, but nothing of significance was missed.

The primary item of note was the refinancing of the district bonds (essentially CDD assessment). There was a great deal of concern as to how this would impact residents. Resident representative on the Board, Bob Rossman, asked the district attorney whether the terms would change, and the response was that it will not extend the length and the total amount of the payments will basically remain the same. The difference is that in those payments, the principal amount will be higher and the interest amount will be lower.




video


Open the video above to listen to the entire meeting.

Regards,
Ali



Thinking about buying or selling your home in this area? Our in-depth knowledge and experience here is exceptional, as you can see, and can be of particular value to you throughout the process. Contact us today and find out all of the ways we can be of help to you!



Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com

Monday, July 31, 2017

West Villages: Next District Meeting and Annual Budget Meeting is August 10, 2017.

Sarasota Herald-Tribune Miscellaneous Notices


WEST VILLAGES
IMPROVEMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER THE ADOPTION OF THE FISCAL YEAR 2017/2018 BUDGET AND NOTICE OF REGULAR BOARD OF SUPERVISORS; MEETING


The Board of Supervisors of the West Villages Improvement District will hold a Public Hearing on August 10, 2017, at 11:00 a.m., or as soon thereafter as can be heard, in a Meeting Room of the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286 for the purpose of hearing comments and objections on the adoption of the budget of the District for the Fiscal Year 2017/2018. A regular board meeting of the District will also be held at that time where the Board may consider any other business that may properly come before it.

A copy of the agenda and budget may be obtained from the District's website or at the offices of the District Manager, 2501A Burns Road, Palm Beach Gardens, Florida 33410, Telephone: (561) 630-4922 and/or toll free at 1-877-737-4922, during normal business hours.

The public hearing and meeting are open to the public and will be conducted in accordance with the provisions of Florida law for special districts. The public hearing and meeting may be continued to a date, time and place to be specified on the record at the meeting. There may be occasions when staff or Supervisors 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 (561) 630-4922 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 1-800-955-8770, for aid in contacting the District Office.

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.

Meetings may be cancelled from time to time without advertised notice.

Todd Wodraska
District Manager
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org
PUBLISH: SARASOTA HERALD TRIBUNE - 07/21/17; 07/28/17




Thanks,
Ali


Thinking about buying or selling your home in this area? West Villages Realty's in-depth knowledge and experience here is incomparable and can be of particular value to you throughout the process. Contact us today and find out all of the ways we can be of help to you!



Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com










Monday, July 17, 2017

West Villages: Notice Regarding West Villages Improvement Distric Annual Assessments

Post copied from https://granparadisovillage.blogspot.com/2017/07/gran-paradiso-notice-in-mail-regarding.html



Hi, Friends and neighbors -

It has been a while since I last blogged about the district meetings. Mostly, because there really didn't seem to be much "meaty news" in the proceedings for a while. There has been a lot of general business stuff (like authorizations to pay vendors' bills, work orders, formal process requirements of items already addressed, and these kind of things), but not much of anything truly noteworthy at the ones I have been able to attend...until recently...

Most homeowners, if not all, that live in the district have by now received a notice in the mail about the bond funds being refinanced. From talking to neighbors, there does seem to be quite a bit of concern, confusion, and questions out there about it. So, let me just give a brief summary of the basic plan and what it means.

It was said outright at the last West Villages Improvement District Supervisory Board meeting on June 29th that individual residents' annual assessments are to remain the same and have the same maturity date. The plan is to refinance the bonds at terms more favorable to the district, so as to increase the total volume of funds that are available for various projects and services needed to improve the district. There will be more money for the district to use for operations and improvements, irrigation improvements for one, but not costing residents more in the process.

A public hearing is required for them to move forward on this. It was suggested and set to occur with the next regular board meeting on August 10th. These are generally held at North Port City Hall off Sumter beginning at 11am.

Hope that helps clarify some, and hope to see you at the next meeting!
Ali



Thinking about buying or selling your home in this area? Our in-depth knowledge and experience here is exceptional, as you can see, and can be of particular value to you throughout the process. Contact us today and find out all of the ways we can be of help to you!



Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com