Quote:
Originally Posted by mulligan
The irs/bond issue has nothing to do with amenities. The proceeds from the bond sales was used for infrastructure (water, sewer,irrigation mains,storm drains,curbs and paving). This would normally be rolled into the price of each home, but here, the expense is kept seperate in the form of a bond payment.
|
The IRS/bond issue has everything to do with the amenities and nothing to do with the infrastructure. The infrastructure bond is what the homeowners pay on an annual basis with their property tax bills. The irs issue has to do with the amenities that were sold to the central district and is being paid off from the amenity fees collected monthly.