Quote:
Originally Posted by twoplanekid
When I attended the Welcome to The Villages seminar this past winter at the district office, they stressed that the amenities fees were structured in such a manner that all would be ok even if the developer would leave. From what I have read, the governing structure of The Villages has changed since the 90’s because of both court and government actions. I am trying to stay focused on understanding the current governing structure as “The structure here in TV as has been said is complicated”.
I love The Villages, own a home here and want to know more about the governing structure for my own edification and to help others get a clearer picture if they so choose. A rumor many times is born of ignorance.
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May I offer an analogy. -- Well, I guess it is not exactly an analogy because it is not truly analogous, but it works for me. (I went to a meeting or two, but I am over that now.)
This is how I see our house here in TV.....
It is like living in a corporation.
Owning our house is like owning stock in said corporation.
The corporation pays its stockholders a dividend.
That dividend is what is referred to as "The Lifestyle."
And as anyone who understands dividend-paying stocks knows -- if a corporation that has always paid a dividend decides to start cutting that dividend, that is when the stockholder starts to rethink the investment.
So far. So good. -- For us. For now.
Now, if you really want to take a close look at the innards of TV, maybe somebody here will post that diagram of all the things owned in TV by the developer. It looks like a web. A really big web. I saw it here on TOTV a long time ago, but I have no idea how to find that diagram. I do know that it was OK with me because it showed the developer has an ongoing investment to protect even after the alleged build-out is allegedly over. But to protect that investment, the developer has to take some sort of care of all us golden geese.
Honk-Honk Laurie