The Coastal Lake Community Development District (CDD) was originally established by the Commission in 2004 through adoption of Rule Chapter 42WW-1, F.A.C. The Coastal Lake CDD was established to provide planned community development district services to approximately 1,402 acres of land located within Walton County. Pursuant to subsection 190.046(9), F.S., a district with no outstanding financial obligations and no operating or maintenance responsibilities, may petition for dissolution. The District does not presently have any outstanding financial obligations, and does not have any operating or maintenance responsibilities. Regional Utilities in Walton County provides waste and sewer utilities to the residents within the District. All remaining services are provided by the WaterSound Community Association, Inc., (homeowner association), pursuant to agreement. The District has filed a petition for dissolution with the Commission.