Reply to Muncie
To Muncie
Thank you for your post advising me that I am "ill-informed" about CDD's and for pointing out that understanding CDD's "is a snap".
Actually, I had already spent a fair amount of time studying CDD's and foolishly thought that I had at least a basic understanding of them. But as Clint Eastwood, playing Dirty Harry, once said, "A man's got to know his limitations."
I learned my limitations when trying to fully understand the transactions between the Developer and the VCCDD described by the IRS in its 100+ page attack, in three Form 5701-TEBs, on the VCCDD's issuance of tax-free municipal bonds. You have confirmed the full extent of my ignorance because, until your post, I never realized that all this is as simple as the infield fly rule.
The rest of the Villagers and I can rest easy now-- knowing that you are on top of the situation and looking out for the interests of all of us.
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