Full Legal Name: Rivers Edge III Community Development District
B. Public Purpose: The Rivers Edge III Community Development District is a local, special purpose government entity authorized by Chapter 190 of the Florida Statutes as amended, and created by Rule as an alternative method of planning, acquiring, operating and maintaining community-wide improvements in planned communities. A CDD provides the “solution” to Florida’s need to provide valuable community infrastructure generated by growth, ultimately without overburdening other governments and their taxpaying residents. Community Development Districts represent a major advancement in Florida’s effort to manage its growth effectively and efficiently. This allows a developer to establish higher construction standards, meanwhile providing a long-term solution to the operation and maintenance of the community’s facilities. The Rivers Edge III CDD has been granted those general powers defined in Section 190.011, Florida Statutes, as well as those special powers defined in Section 190.012(1) and (2)(a), (d), and (e), Florida Statutes, all as more particularly described in the St. Johns County Ordinance. CLICK HERE FOR LINK TO CHAPTER 190, F.S.
C. Fiscal Year: October 1 through September 30
D. District Establishment Date: 03/05/20