The Pentathlon Community Development District (“District”) is an independent special taxing district authorized by Chapter 190, of the Florida Statues to plan, finance, construct, operate and maintain public infrastructure in the planned developments of Milano and Sierra. The District was created by the Miami-Dade County Commission by County Ordinance No. 02-58 in 2002. For clarification purposes the District is not a Homeowners Association.
The District is comprised of approximately 95.12 (+/-) gross acres in unincorporated Miami-Dade County with 514 single family units with two distinct neighborhoods known as Milano (built by Caribe) and Sierra (built by Lennar). The District is bounded on the east by SW 157 Avenue, on the west by SW 158 Path, on the south by theoretical SW 148 Street and on the north by Seaboard Airline Railroad right of way. The roadways, stormwater drainage, water distribution and sewage collection systems were previously dedicated to Miami-Dade County for use by the public.
The District is governed by a five-member Board of Supervisors (qualified electors) elected during the general election process by qualified electors of the District. The District issued Special Assessment Bonds, Series 2002 (the “Bonds”) and has imposed taxes and/or assessments on all assessable property in the District to pay off the Bonds issued to finance the installation and construction costs of the public infrastructure improvements. In 2012, the District refinanced the Bonds to reduce the interest rate and pass on a portion of the savings to the property owners. The Special Assessment Refunding Bonds, Series 2012 (the “2012 Bonds”) will mature in November of 2033. All property owners within the District will be subject to annual assessments which are broken down in two (2) components:
- The operation and management of the District owned improvements
- Bond debt service (annual principal & interest) on the (2012) Bonds.
The District utilizes the Miami-Dade County Tax Collector to collect the assessments each year. The annual assessments appear under the non-ad valorem tax section of the real estate property tax bill. The District’s fiscal year runs from October 1 thru September 30 of each respective year.