Talk of The Villages Florida - View Single Post - brownwood ,tear down windmill and water tower
Thread: brownwood ,tear down windmill and water tower
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Old 05-22-2022, 08:26 AM
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Originally Posted by tophcfa View Post
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.
The Brownwood CDD owns the square. The developer appoints the Brownwood CDD board. The fault lies in the PWAC agreement which is why CDD 7 is trying to get changes made to that contract.