Quote:
Originally Posted by BrianL99
It's been reported that the "preliminary value" is $246.49M. Who's value is that? The Seller's or Buyer's ?
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Quote:
Originally Posted by onfire
Both parties hired independent appraisers and the final value is a negotiation, as with any sale / purchase agreement.
The developer still has primary control as they appoint the board, however, it should be transparent to home owners who continue to pay the amenity fee and receive the services.
The developer will get their cash to build more amenities further south and the CDD takes on bonds.
The only issue I have with this arrangement is the "landowner" control, it seems this should transition to the residents (local election) since the land is being purchased and is no longer owned by the developer, or perhaps that statement is incorrect.
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I know exactly how it works. I asked a specific question, that you're apparently unable to answer.
Quote:
Originally Posted by onfire
Y
The preliminary value as prepared by PFM is $246,493,180.
Once final pricing is completed, the actual discount rate, as defined, will be applied and
the final purchase price will be determined as defined in the purchase and sale
agreement.
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Thank you Onfire, that answers my question.