Quote:
Originally Posted by Goldwingnut
You are incorrect in this statement, the bods for districts 3 thru 8 were reissued in 2013-2104 to take advantage of lower interest rates. The homeowners still owing on the original bonds benefited by the lower rates by a lower annual payment on the reissued bonds.
Other than paying for the work provided by the Developer, the developer is basically out of the loop on the bonds that are issued and receives no benefit for either the interest or administrative fees that are charged.
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More incorrect info by unknowledgeable posters. Rampant on this thread. Thanks Goldwingnut for "facts"