IIRC, overall control of TV resides with the central districts, VCCDD and LSCDD. The residential CDDs have some control over their specific district, but it is not absolute. Regarding the amenities, the central districts have control/ownership as well, although they have created the AAC which controls the funds from the settlement of the lawsuit and works with the central district to develop, repair and maintain amenities within CDDs 1-4. That is why a residential CDD has no power to restrict amenities within its boundaries to residents of that CDD.
The overall control by the central districts was a major point with the IRS regarding the use of tax-free bonds. Since only landowners can vote within the CDD, and since the developer was the only landowner in the central districts, the IRS claimed there was no path for residents to get control.
It is true that after a certain percentage of homes are sold within a residential CDD, the residents can elect one of their own to the board of that CDD. But residents will never be able to vote for the board of the central CDDs unless the developer chooses to sell the properties therein.
__________________
"the difference between genius and stupidity is that genius has its limits."
|