Quote:
Originally Posted by EdVinMass
TV residents and their respective CDD's do not own the recreation facilities. Never have and never will. They are owned by the developer and/or the two special CDD's (VCCDD and SLCDD) which the developer controls.
But aside from that, you've brought up some interesting points.
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Ed, you are correct in that the VCCDD and SLCDD are controlled by the developer as they are "elected" by him as the only property owner in their districts.
However, Florida statues have considerable control over them. It is all explained at this site www.flsenate.gov/Statutes/index.cfm?App_mode=Display_Statute&URL=Ch0190/titl0190.htm&StatuteYear=2007&Title=->2007->Chapter%20190
A test of real ownership would be the ability to sell their property. Can the two special CDD's sell any property such as rec centers,golf courses, etc? At an orientation I attended when I first moved here it was categorically statd they can not sell the property.
There were sound business reasons the developer set up the special districts. Among other things, some faction could get control and effectively stop his progress in its tracks. I have been there and it is not nice. There are no winners.
When build out is complete will things change? I have no idea but my guess is it will be minor. There will be some infighting and squabbling but we will be so well established we will likely carry on as usual.