Quote:
Originally Posted by xNYer
Many recreation center properties were purchased from the developer by the central districts. Tax free bonds were issued to purchase the properties using amenity money from all of us to fund the bond repayments.
The whole private property issues seems quite convoluted given that tax free bonds which must serve a public purpose are the funding mechanisms.
It would seem that clubs run by villagers that charter busses should have some say about the issue.
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Only the recreation centers north of CR466 (plus Laurel Manor and Belvedere) were sold by the developer to the central districts. The tax free bond issue is the subject of the IRS investigation, which is now in its eighth year.