Quote:
Originally Posted by JimJoe
jmitchell:
I enjoyed your most recent post. I can see your point about the language used in the article. Maybe a better way to have said it would be they want 14 million dollars in back taxes and a promise not to issue tax free bonds.
I am not sure if CDDs are technically "governments". Do residents get to vote on the directors of the two commerical districts that issued the bonds? I don't think so but I could be wrong.
I doubt the State of Florida can authorize the use of FEDERAL tax free bonds unless someone had a private opinion letter from the IRS, which I do not understand why one was not obtained before these bonds were issued. I would think they had a bond attorney look at this before they were issued.
But my point is still this: whether the article used inflamatory language or not, owners and potential owners in TV have a need and a right to accurate information about this issue so they can make rational decisions about investing in TV. Going after the messengers on any issue only detracts from enlightenment. I understand there are times when it is necessary to point out the use of language that may be inaccurate or misleading. I never like it when discussions are reduced to who is stupid or not. I do give the Orlando Sentinel credit for shedding some light on this topic. I just want it resolved asap, and I would like to know why it is taking so long. Any ideas?
I do appreciate your imput on this topic. I would like to know if it is not too personal if any realtor informed you before you bought about the IRS issue, or did you have to ask about it? Thanks. JJ
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JimJoe,
Regarding my agent telling us -- no, he did not, but I found TOTV early on and read about it. TOTV is the greatest.
My life experience has been "it is always something". Life is never without challenges. You can say, well I'm not going to move to TV because of the IRS issue, but other communities have other issues. I'm taking my chances. TV has too many positives, the first, and IMO, the greatest, is the PEOPLE, and then the FUN!