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Other Matters
12 Months Ended
Dec. 31, 2014
OTHER MATTERS [Abstract]  
Other Matters
Other Matters
 
At two of our communities in Florida, tax-exempt bond financing is utilized to fund and manage portions of public infrastructure consisting primarily of storm water management facilities, drainage works, irrigation facilities, water and wastewater utilities, roads, and lighting.  The bonds were issued by community development districts (the “CDDs”), independent special-purpose units of county government, established and operating in accordance with Chapter 190 of the Florida Statutes.  The bonds are serviced by non-ad valorem special assessments levied on certain developable and developed property within our communities, and the assessments constitute a liability against the developable and developed property and are intended to secure the CDDs’ ability to meet bond servicing obligations.  In accordance with EITF 91-10, Accounting for Special Assessments and Tax Increment Financing, we record and pay the assessments on parcels we own when such assessments are fixed and determinable.  The bonds are not a liability of AV Homes or any other landowner within the CDDs but are obligations secured by the land.  For the developable and developed parcels we own within the CDDs, we pay the assessments until such parcels are sold.  After a sale by AV Homes, we no longer pay the assessments on the parcel sold and any future assessments become the responsibility of the new owner and its successors in title until the bonds are paid in full.