Originally Posted by Taj44
I could have said that in the long run it won't cost the residents anything, except I don't believe that to be the case. Its already cost the residents $209,000!
GracieGirl: We really cannot make that assumption.
Quote:
Originally Posted by JimJoe
If amenities fees were used to pay those attorney fees, it will be the residents that lost the beneficial use of that money.
Where did the money come from to pay attorneys $209,000 so far if it was not from the amenities fees?.. and they have not even started court proceedings.
This is why I say this needs to be resolved. Having it pending unnecessarily hurts the villagers and has the potential to hurt The Villages growth. The longer it goes, the more expensive it gets, win or lose. Who benefits by it not being resolved?
And I thought the IRS offered to settle for a lot less, something like 3 million with a promise to not issue any more tax free bonds... am I right?
If so, who rejected that offer? Did the villagers get to vote on that decision?
This settlement voting issue is also very complicated and goes to the structure of TV, which is at the heart of the IRS claims.
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Thanks JimJoe. That's exactly the point. Gracie, the $209,000 is not an assumption. Ms. Ritchie didn't conjure it up from thin air - it is a verifiable fact. As JimJoe said, the longer this whole business goes on, the more expensive it gets. What a stupid waste of money, IMHO.