[PennBF]

I was going to disregard the note but felt some response was called for. You are right, your volunteering is none of my business however when you attack others who are volunteering then a response is called for. Your point that the IRS investigated the bonds in 2003 and "found no problems" is factually incorrect. They accepted the results of their investigation but left the door open for future reviews and audits which are going on now.. Your indication that the IRS to date only asked for comments is factually incorrect. In fact they made an offering settlement which was rejected by The Villages and as a result the IRS has expanded their investigation into additional years. Your point that the IRS is in a preliminary stage is correct. But the quesiton is how far into the prelimary stage? You are absolutely right to say it is much to early to speculate as to the outcome. The question is does that mean not to follow the progress but rather wait for an answer without preparation for what it might/could be? Your point that the Villagers should stay informed is without question correct. The question is how do they do that? I believe the POA article ONLY gave the chronology of the history of the IRS actions/responses. It did not suggest being alarmed nor give a projected conclusion. I will not get into addressing volunteering, etc. since that is really non productive and as you say is only the business of the volunteer.