Quote:
Originally Posted by graciegirl
Whoa. Wait a minute. The Morses interpretation of CDDs has given us this remarkable lifestyle.
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The Morse's interpretation of CDD may have given us a nice lifestyle, but if it is an
illegal interpretation, as determined by the courts, it doesn't do us much good. What good is a castle if it is built on quicksand?
It just appears to me that the Morse's tweaked the interpretation of the CDD definitions to benefit themselves financially. Not a problem - this is what business people do. But if it is deemed illegal at some point in the future, I just hope the residents aren't left holding the bag. Bike42 thinks the Morse's will settle up so the residents aren't harmed. I have a feeling that if it involves handing over millions of dollars, the Morse's won't pony up. It was to their advantage when the tornado went thru - they were in the business of selling homes and they wanted things to look good for prospective buyers. When its time to settle up with the IRS, the development will most likely be finished and I'm guessing the Morse's will have sold out and moved on to their next business venture. Call me jaded, but I think whenever large sums of money are involved, not so good things happen.