Our Community Needs You!

The Seven Oaks Resident Council needs your support to oppose the rezoning of land next to Sam's Club to build apartments. Land for multi-family use is already designated in Seven Oaks. There is no benefit to remove commercial entitlements from Seven Oaks when they're in such need.

For more information please go to the link below. We're asking all residents and Pasco citizens to come to the Board of County Commissioners meeting on October 12th at 1:30PM at the Historic Pasco County Courthouse, Board Room, 2nd Floor , 37918 Meridian Avenue, Dade City, Florida 33525.

The next Resident Council meeting is Sept 30th @ 6:30PM.

REFINANCING BONDS: WHAT YOU NEED TO KNOW...

“In order to take advantage of historically low interest rates, the Seven Oaks CDD Board of Supervisors recently refinanced the bonds associated with the land south of the power line easement. The original bonds, which were issued in 2001, were issued to partially fund the construction of infrastructure for the original Seven Oaks CDD I. Those bonds were refinanced for the first time in 2011 and have now successfully been refinanced twice. Similar to refinancing a mortgage, CDD bonds typically can be refinanced (technical term is refunding) as long as the bond documents allow for it. The 2001 Bonds were eligible to be refunded 10 years after the original issuance. The original 2001 Bonds were issued at a coupon rate of 6.90% and the 2011 Refunding Bonds were issued at a rate of 5.208% for the residential units. That refunding resulted in a 18.8% net annual assessment savings for the residential units. Subsequently, the 2011 Refunding Bonds were also eligible to be refinanced starting in 2021. The 2021 Refunding Bonds were issued at a coupon rate of 2.3674% for the residential units, which resulted in a net annual assessment savings of 18.35% for the residential units. The maturity date of the original 2001 Bonds was not extended with either the 2011 refinancing or the most current refinancing on April 16th. The 2021 Refunding Bonds are scheduled to mature on May 1, 2033.

The 2021 Refunding Bonds are assessed to the following residential neighborhoods: Coventry, Springwood, Amberside, Brookforest, Pinecrest and The Laurels. The neighborhoods north of the power line easement are encumbered by the CDD’s 2016 Refunding Bonds and are eligible to be refinanced in 2026.”



If you have questions about this topic, contact the CDD District Manager, Taylor Nielsen, at TNielsen@rizzetta.com.

Parking at the Clubhouse

For the safety of residents, the clubhouse parking lot, common areas, and playgrounds are closed at 10:00pm every night and re-open at 4:30am, unless otherwise posted. During this time, only authorized person/personnel are permitted to be in these areas. All common areas that are not lit by overhead lighting close at dusk.

Any resident using the fitness center outside of the main clubhouse operational hours, but during fitness center operational hours, is considered an authorized person. An authorized person is permitted to use the the parking lot and fitness facility as intended for use after normal hours of operation. Fitness center hours:

Monday - Thursday 24 hours

Friday and Saturday 4:30am-10pm

Sunday 4:30am-9pm.

We are happy to issue Parking Passes to resident guest who need temporary parking (as space allows) for up to two days. In order to park over night, individuals must obtain a parking pass from the Clubhouse Managers. If you have questions regarding this policy you can contact the Club at 813-907-7987.