View Single Post
 
Old 12-20-2012, 08:17 AM
EdV's Avatar
EdV EdV is offline
Gold member
Join Date: Jul 2008
Location: Village of Stonecrest
Posts: 1,122
Thanks: 0
Thanked 2 Times in 2 Posts
Default

Quote:
Originally Posted by ijusluvit View Post
I don't understand how it might be "logical", as you put it, that the two districts would pay those fees. My "logic" says the Developer would pay the fees out of pocket because either because amenity fees cannot generally be used that way, and/or because he initiated the bond procedure leading to the challenge.
Actually I provided an answer to this in my post #120 above.

But for the record, the typical budget for legal services in each of the numbered districts is around 7,500. This year’s budgeted amount for legal services for the two special districts is 300,000.

So I would say it’s reasonable to assume that most of that 300k is being used to defend the IRS case. Of course that can only happen at the discretion of the majority of property owners of those two special districts. And who might that be you ask? Why none other than mister H. Gary Morse and his myriad holding companies.
__________________
Formerly EdVinMass