Talk of The Villages Florida - View Single Post - Bond issue today $355m due
Thread: Bond issue today $355m due
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Old 05-30-2009, 04:22 PM
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Per EdVinMass: "So if the District/Developer decided to settle on that basis (which is doubtful at this point) the Developer would re-purchase the golf courses and other amenities to the tune of 355 million dollars that he sold to the District, and the District would turn around and payoff the bonds. This would reduce the amenity fees from an average of $130/mo to maybe $95/mo."

I'm guessing that the golf courses are the free for life executive courses, the other amenities are the free rec centers, pools, courts, etc.

If they revert to the developer and the amenity fees are back to $95/Mo, does the $95/Mo cover the use (not purchase) of the free amenities?

.
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