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Old 05-21-2022, 07:38 PM
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Quote:
Originally Posted by dewilson58 View Post
The owners do have the power, subject to the contract they signed.

Once the contract expires, then there will be no "subject to".
Agree, hopefully the CDD’s have learned from their mistakes and will never again agree to acquire assets from the developer under terms that limit the control of their ownership. Certainly, the developers legal council would never let them enter into such a fiscally irresponsible contractual agreement. Yet they expect the CDD’s to acquire assets from them under those terms. That’s the double standard I have been referring to.