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Old 01-28-2008, 05:52 PM
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Default Fiduciary Responsibility

Once the residents take over their positions on the district governing bodies are elected positions. I suppose one might say that you won't have any better assurances that the resident district government will manage our money properly than we did when we lived up north. That's a question that seldom came up in city, county and local governments that had been in place with elected officials.

As far as the amenities fees, that gets paid to the central commercial districts that will own and run the recreation programs. Those districts are still owned and governed by the developer of TV. Florida state law governs the "community development district" form of government (which is what all the districts are here in TV), but I'm not certain of all the nuances of the law as it relates to fiduciary responsibility.
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