Latest On IRS Bond Issue
 

I know how some of you feel toward Lauren Ritchie. However she just posted Part One of a Two Part Article on the latest findings by the IRS. All I will say is it is not very flattering concerning the Developer's tactics and goals and that it is not very promising. I had read her account at 5:00AM this morning and wished I stayed in bed. Ritchie does reinforce my understanding of this entire situation

Link
 

Could you post a link to this article please.

Here it is. Please check out the coulds, mights and mays
 

So who represents the Residents interest in this issue?

Well, according to the article the Villages center district has spent $644,672 (of the resident's money) fighting the IRS. They are representing the district's interest, which differs from the resident's interests. The POA keeps us on our toes communication wise, but I don't think they have the financial ability to represent us legally. So it appears no one is representing the resident's interest, legally at least. I presume if the ruling went against the district, and monies would have to be paid out out of district funds (money that came from the residents), that the resident's would have to file another class action lawsuit like they did back in 2008 to regain the money that would be rightfully theirs.

In my view no one and I issued an admonishion along those lines approximately five years ago:lipsrsealed:

I opine others can decide.

Money that would be rightfully theirs? I will link again to that lawsuit that you keep bringing up. Read this again please.

Villages developer to pay $40 million for recreation upgrades to settle a lawsuit - Orlando Sentinel

ANYONE CAN SUE ANYONE. As a result of this LAWSUIT some individuals who live here apparently got a LOT of money.


Elaine Driedame is the president of the POA.

The developers maintain the areas and create beautiful new ones that I see south of 466 without anyone sueing them. I often wonder about that lawsuit.

Those who think impending doom is approaching via this IRS ruling should sell now and get out.

There are many of us who have gambled the big hunk of change for our homes here who have evaluated the issue and think that we are safe from any unexpected bills.

If we stay it will be handled by someone other than us, we don't vote here. If we go we can move to another place and find issues there to worry about.

AND I am NOT stupid, uninformed or do I drink alcohol or take drugs. I have had LOTS of awful things happen to me just like anyone else. I am not unrealistic or in anyway being remimbursed for the things that I write on here.

WHY can't I be allowed to be optimistic?

I am a Republican and a Catholic. I have never been in trouble with the law except for two speeding tickets in my life. Nor has my family. I have paid taxes every year for as long as I have worked and that is about fifty years taking time off to raise our girls. We have a good credit rating and we bathe regularly.

SHEESH.







bump

Center district funds come from the MERCHANTS not the residents.

I fail to see why you are so threatened by the lawsuit from 2008. You seem to take all of this so personally. But to recap, money was supposed to be set aside to maintain facilities in The Villages, money was not set aside, the residents sued (out of necessity since the developer wouldn't budge), and the courts sided with the residents. The legal team who happened to be Villages residents was the only team the residents could find who would "go up against the system" in a state where the Developer has traded money for political influence in local governments all the way up to statewide and federal levels. How fortunate the Villages residents were to have this legal team willing to fight for them. And how fortunate the courts recognized that the developer was operating illegally. As a result, we residents are now enjoying the fruits of that lawsuit such as the newly paved recreational trails on the north side of 466, and other improvements, improvements that are paid for by our money that we had to sue to get.

I am not the one bringing up the lawsuit. YOU are.

I do not see that at all when I read what happened.

[QUOTE=graciegirl;591680]Those who think impending doom is approaching via this IRS ruling should sell now and get out.

There are many of us who have gambled the big hunk of change for our homes here who have evaluated the issue and think that we are safe from any unexpected bills.

If we stay it will be handled by someone other than us, we don't vote here. If we go we can move to another place and find issues there to worry about.

AND I am NOT stupid, uninformed or do I drink alcohol or take drugs. I have had LOTS of awful things happen to me just like anyone else. I am not unrealistic or in anyway being remimbursed for the things that I write on here.

WHY can't I be allowed to be optimistic?

I am a Republican and a Catholic. I have never been in trouble with the law except for two speeding tickets in my life. Nor has my family. I have paid taxes every year for as long as I have worked and that is about fifty years taking time off to raise our girls. We have a good credit rating and we bathe regularly.

SHEESH.







bump

The residents of TV have absolutely no interest in this dispute in spite of what Ms. Ritchie would like you to believe.

You have a simple and straightforward contract with the special district (VCCDD north of 466 or SLCDD south of 466). You are obligated to pay a monthly amenity fee that can never be increased annually by more than the consumer price index and that special district is obligated to maintain the amenities in a usual and customary manor.

If for any reason either of the special districts were to fail to maintain the amenities properly, then another class action suit would be brought against them just as it was a few years ago which resulted in a settlement in favor of the residents.

But before any of you take too much stock in Ms. Ritchie’s ramblings, here is a post made by her in TOTV regarding her feelings about Community Development Districts:

Remember too that until I corrected her in another post, she couldn’t even spell amenities.

Thanks Ed.

Apalled
 

GG, ahhhh, the truth finally comes out...........2 speeding tickets.....shame on you.....hang your head in shame.......say 10 Hail Marys and go to bed without your supper..:22yikes::1rotfl::1rotfl:

Just havin fun with you...you're still #1