I do not think the IRS issue will become expensive for the villagers DIRECTLY. The IRS issue I think will be paid IF ANYTHING IS EVER OWED from the amenity fees, or from the amentities themselves. The problem is the fees are capped by the cost of living which does not anticipate the cost of the IRS issue. I think there could be some impact on amenities if some of them have to be sold to pay for the IRS issue, or if future amenities have to be membership based.
I think once it is resolved and who knows when that will be, it could impact the completion of TV if the result is that they can't sell tax free bonds to finance the purchase of the amenities from the developer, unless if it takes long enough for build out to be completed before it is resolved.
The money spent for attorneys was not spent by the developer. My guess is it was amenity fee money spent by the CDD. Does anyone know for sure where that money came from?
I think there are many ways to deal with this issue, but it is a concern of mine. TV is far too beautiful and nice of place to have this issue pending.
Please correct me if I am wrong.
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