The Pacific Ace Community Development District is a local, special-purpose government entity authorized by Chapter 190 of the Florida Statutes as amended, and established on June 22, 2020 by the Board of County Commissioners of Lake County, Ordinance No. 2020-27. The Board consents to special powers set forth in Section 190.012(1) Florida Statutes.
A Community Development District (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. CDDs represent a major advancement in Florida's effort to manage its growth effectively and efficiently. This allows a community to establish higher construction standards, meanwhile providing a long-term solution to the operation and maintenance of the community's facilities.