Talk of The Villages Florida - View Single Post - Bond payments from the Developer's Point of view
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Old 12-03-2023, 06:57 PM
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Quote:
Originally Posted by BrianL99 View Post
If I understand CDD's correctly, the CDD is controlled by a Board of Supervisors, who are designated by the Developer at the time of the CDD's creation?

These hand-picked "Supervisors" are then responsible for determining the validity of the Developer's invoices and advancing payment from the Bond Funds? (I assume the CDD advances money to the Developer to pay his bills, based on an agreed to construction schedule, no different than a bank would do on a construction loan?)

I must be missing something. The entire premise seems illogical.
Your slanted remarks clearly show much about yourself, why do you bother to live here, if you do at all.

Yes, the landowners elect the Supervisors for the first 5 years as required by Florida Statue Chapter 190. Then it transfers to the qualified electorate. How foolish would it be if they put someone from the POA or other such hypocritical groups on one of the boards, they are trying to build a development and a community. It’s critical that the initial Supervisors are philosophically aligned with the goals of the Community Development District (read the words - Community Development).

Does this mean that they must somehow be corrupt or negligent in their responsibilities as you try to allude to? Hardly so.

The State of Florida has a great many laws and regulations regarding development, spending of public funds, oversight, and contract rights and enforcement, and a great many others that exist to ensure the public trust is not violated including the Florida Open Meetings laws (commonly referred to as the Florida Sunshine Laws). They can’t just write checks and doll out money at will.

All it would take is a few unsavory actions by a few individuals to cause major problems and send things into a downward spiral. Perhaps if you look into the background of some of the landowner elected officials you will see that they are business owners, management officials, and prominent members of the community that are elected to these positions. None of whom would take actions that would risk their positions and reputations, nor would the developer want them to. Such actions would run the risk of ruining businesses and turning the work here into little more than a house of cards.

But of course an uninformed opinion always assumes the worst.

When I took office as the first resident elected supervisor in CDD10 I had only a smattering of knowledge of what I was getting into and was extremely skeptical of the actions of the board. I spent dozens of hours each month for the first several months studying and understanding the laws that govern the work of the boards and the rules that the district staff must work under. I also spent a lot of time looking into the backgrounds and histories of the Landowner elected members of CDD10, the SLCDD, the VCCDD, and the senior members of the District staff, as well as the ongoing issues with the IRS. I needed to know the type of people I was going to be working with and if I had just jumped into a snake pit. After assessing the quality of the people, I was comfortable with putting my name out in the public eye to be associated with all of them.

I wish I could say the same of all of the elected officials I have met in the last nine years. Fortunately most of these men and women are honorable and honest individuals, most but not all. Some I have met have proven themselves to be liars, dishonest, biased, egotistical, ignorant, uninformed, and self centered, trying to pass themselves off as doing what’s best for the “residents” when in fact much of their efforts have accomplishing just the opposite and to simply get their names recognized in certain online websites and to be elevated to places of “honor” within some organizations.

If you want to try to smear and spread distrust about the actions of individuals, my experience has taught me that these, in your words, hand-picked Supervisors, are in fact the wrong target.
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