Quote:
Originally Posted by PennBF
In one case it is asserted the Paradise Rec Center was fine which implies the fine of $40M was because of the error of the Judge and may have been for some under handed reason? How many know the distinction between AAC and Project Wide. How about the AAC has a 3% cap or less based on a US Index and Project Wide is for repair and maintenance and has no control and is a line item on your Property Annual Tax Billing. How many know of AAC line items charged to Project Wide which has no limit and allegedly would be corrupting the Village spending controls? No one I know says they don't love the Villages BUT to assert all is above boards is to show a tolerance to some form of potential abuse. When multi millions of dollars are involved you can rest assured there is possible abuse and you should follow the money. This is one advantage of the POA.
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Again there are some factually incorrect statements in this post. The funds for the AAC and PWAC are derived from the monthly Amenity Fees. They do NOT appear as a line item on your property tax bill. The Bond Maintenance fee which appears on the property tax bill is funding for the CDDs.