[Advogado]

Page C1 of today's Daily Sun reports another unfavorable development in the IRS investigation of the dealings between the Center District and the Developer, i.e., an IRS "Engineer's Report" (whatever that is) critical of the pricing of the amenities which the Developer sold to the Center District. As you will recall, the Center District financed the purchase of those amenities using purportedly tax-exempt bonds. Among other things, the IRS claims that the purchase price was inflated and, therefore, the bonds don't qualify as tax-exempt.

Unfortunately, the Daily Sun article is written, almost certainly intentionally, so as to be incomprehensible to even relatively well informed readers. But, hey, for a change, at least the Daily Sun, even with the obfuscation, reported a development in the most-important issue facing The Villages. I guess that is progress.

Hopefully, the Engineer's Report will be posted on districtgov.org website and/or the next POA Bulletin will have an explanation.