Coral Bay is a Community Development District,
also known as a CDD or a District.
What a Community Development District is
A Community Development District is a special-purpose unit of local government authorized by Chapter 189 and Chapter 190 of the Florida Statutes, as amended. In Coral Bay’s case, the City Commission of Margate Florida created the Coral Bay CDD by City of Margate Ordinances 89-22, RZ-3-89, and 89-23 in November 1989, granting those special powers to the CDD as set forth in Section 190.012(1) and (2)(a), and (d) of the Florida State Statutes.
A CDD is organized similarly to other local governments in Florida. The legislative body is a five-member Board of Supervisors (the Board), with each Supervisor position designated by a Seat number (1 to 5). The designated term for each seat is four years. A person is elected to a seat by all qualified, registered voters within the District, with the election occurring as part of the November ballot on even numbered years. To provide continuity on the Board, three Seats are voted on at one election, and the other two Seats are voted on at the next. In addition, by law the Board must hire a District Manager and a District Counsel (District Attorney). Those staff members operate in a manner very similar to a County Administrator and County Attorney.
The Board sets the policy and makes the decisions, and the District Management staff administers the operations of the District and implements the Board’s policies and contracts. The business of the CDD Board of Supervisors is conducted in the “Sunshine”, which means that meetings and records are open to the public in accordance with Section 286.011, of the Florida Statutes. Furthermore, the CDD also operates under the ethics provision defined in Chapter 112 and Chapter 190 of the Florida Statues as well as the provisions set forth by the Florida Commission on Ethics
Coral Bay Community Location
The Coral Bay Community Development District (CDD) encompasses approximately 236 acres and is located in the City of Margate Florida, just to the south and west of the intersection of Sample Road (SR 834) and Turtle Creek Drive (NW 62nd Avenue). The CDD owns, operates, and maintains approximately 71 acres of water management tracts, including a 69-acre lake.
This schematic map shows the 997 homes, the lake and the side canals that comprise the Coral Bay District. The 997 homes are divided into 8 villages. Each village has its own Homeowners’ Association (HOA), and are named and sized as follows:
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- Fay’s Cove — 119 Homes
- Indian Key — 215 Homes
- Islamorada — 64 Homes
- Las Brisas — 122 Homes
- Las Brisas Del Mar — 34 Homes
- Mallory Harbor — 101 Homes
- Port Antigua — 147 Homes
- The Cape — 195 Homes
Click on the map to open a larger version in a new tab.
Responsibilities of the Coral Bay CDD
The Coral Bay CDD manages and maintains all common areas within the District. This includes all streets, sidewalks, landscaping, parks, pools, playgrounds, lake and canals, and security. In addition, the Coral Bay CDD has perpetual use of many easements for lake maintenance and flowage purposes.
In order to have the those required functions performed, the CDD Board is responsible for creating and managing a budget and for determining and levying the annual CDD assessment. Public hearings are held on Coral Bay’s CDD assessment. The required annual assessment is levied on a per home basis. In the case of the Coral Bay CDD, the annual assessment is determined by the CDD as a result of the annual budget process, is levied in the form of a non-ad valorem tax that appears on the Broward County tax bill, is collected by Broward County as part of the property tax bill payment and is sent to the CDD once the County receives the payment. Statutory authority for levying these assessments is granted under Florida Statutes Ch. 170.01, 190.021, and 197.3631.
By law, the Coral Bay CDD’s financial records are subject to an annual independent audit.
By contrast, each individual HOA is responsible for maintaining and enforcing their specific governing documents that pertain to the homeowners’ privately-owned properties only.
If you want to contact one of the HOAs, please see the Contacts page.
