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Old 06-06-2009, 09:30 AM
Advogado Advogado is offline
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Default The role of the POA if things go badly

SteveZ:

You are on the mark regarding the POA. The central points that I have been trying to make in my posts on this issue are:

1. As SteveZ and other posters have said, we don't know yet how this matter is going to be concluded. However, if the present IRS position prevails, the result will apparently cost the VCCDD, which owns most of our physical amenities and provides our amenity services, a huge amount of money. At this stage, the amount cannot be precisely quantified, but it will almost certainly be huge.

2. Since the VCCDD cannot: (a) unless it files for bankruptcy and voids its contracts, increase our amenity fees beyond the CPI, or (b) tax any property outside its boundaries and the properties inside its boundaries are owned by the Developer (whose nominees run the District),
where does the money come from to continue our amenities? Janet Tutt did not address that basic question in her latest Daily Sun article.

3. The best shot that the residents have for making sure that the answer to that basic question is one we want to hear is to be organized so that we can speak and act together. Since the The Villages Homeowners' Association has consistently refused to represent the residents' interests when they conflict with the Developer's, the only organization that we have to do that is the Property Owners' Association.

4. For that reason (in addition to its other activities), the POA, which currently needs both members and money, needs to be supported with our time, actions, and contributions. By the way, as a part-year resident, I am not an officer or director of the POA and I am not speaking on behalf of that organization. My support for the POA comes from a belief that, if things go south in this matter, the POA is clearly the best instrument that the we residents have for protecting our interests.