[cabo35]

Thanks Beady......I wonder if he reads this forum? If $40,000,000 was transferred to the Center District Government, does that mean that the $7,000,000 in attorney fees and class representative award is coming from funding that is meant to supplement homeowners amenity and service reserves for the next 13 years? It sounds like that is the case but, it still is not clear.

It makes a difference to me whether the $7,000,000 attorney/class rep. compensation is coming from reserve funding that should be dedicated to amenities and services for the next decade or longer, not attorney fees and awards. $7,000,000 pays a lot of overhead and bills that will need to be funded by Villagers.

If that is the case, it may not be, why didn't the attorneys and class representatives broker and independent settlement on fees and awards instead of making it a part of a settlement that is a public fund and affects everyone. This doesn't even consider the equity of the size of the self negotiated fees and awards. I leave that for others to reflect upon.

The second question about the implications and impact of this settlement on the residents of districts south of Hwy 466 is still unanswered.

2. The second question that still has not been clearly answered is whether the Sumter Landing Community Development District south of Hwy. 466 will be independent of their neighbors who have settled a class action North of Hwy. 466 or will funds be commingled under one authority now or at some point in time. It sounds like South of Hwy 466 will be independent but it really isn't spelled out with certainty. Does anyone have a clear answer?


Please understand, I believe the developer has done a lot to assure the successful future of the Villages. His family's concept was brilliant. I believe he has the best interest of Village residents in mind. If I saw him downtown, I would thank him personally. However, governance of the Villages is going through a metamorphous. As we progress, the course takes us through untested and uncharted waters. Many questions cannot be answered by statutes that regulate this new fledgling form of government. There seems to be voids in legal precedent in part attributable to the enormous scale and creative design of the Villages. Information is the key to making sound decisions. It has not always been forthcoming and to that end, I find the developers public letters informative and timely. I hope there is more disclosure in the future.

There is a degree of excitement to be on the cutting edge of Florida history. However, I am sure that many people would like a clearer understanding of a process that does have a significant impact on our homes, finances and way of life.