Talk of The Villages Florida - View Single Post - 400 million $$ amenities purchase
Thread: 400 million $$ amenities purchase
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Old 10-16-2016, 08:13 AM
xNYer xNYer is offline
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The SLCDD purchases the income stream from amenity money as well as the buildings. They then issue taxable bonds to pay for the purchases. The amenity income stream pays off the bond. The result of this action causes a large percent of our amenity money to be used for those payments and not for lifestyle activities.