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Old 02-28-2011, 10:07 AM
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EdV EdV is offline
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Location: Village of Stonecrest
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Per the Covenants and Restrictions that you signed when you purchased your home in TV:

(g) Purchasers of Homesites further agree, by the acceptance of their deeds and the payment of the purchase price therefore, acknowledge that the purchase price was solely for the purchase of their Homesite or Homesites, and that the owners, their heirs, successors and assigns, do not have any right, title or claim or interest in and to the recreational areas, security facilities, dedicated or reserved areas or facilities contained therein or appurtenant thereto, by reason of the purchase of their respective Homesites, it being specifically agreed that, (1) the Developer, its successors and assigns, is the sole and exclusive owner of the areas and facilities, and (2) the Contractual Amenities Fee is a fee for services and is in no way adjusted according to the cost of providing those services.

The developer set up two special districts (the VCCDD and SLCDD) which he has total control over. He has sold some of the executive golf cources to thos CDD’s and pocketed the cash, but he still maintain total control over those two CDDs.

In short, the residents of TV do not and never will own any of the rec centers, pools , executive courses, etc. etc. etc.