Quote:
Originally Posted by PennBF
"I don't know if your builder's attorneys have resolved this yet, but my readings revealed that the IRS has contested the notion that your town centers are bona-fide government bodies. Therefore they are contesting the builders right to issue tax exempt bonds." I don't know where this came from??
Two basic problems are that The Villages are alleged to be a gated community, they ignore that anyone can
go through the gate and that The Village's do not have its own Police
force. Have not heard anyone say the contention about bona-fide town
centers?? Many Cities and Towns have town centers. 
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Copy the heading above into Google and read. The magic number is 355 million dollars. Has it been resolved yet. Are Spanish Springs and Sumpter Landing towns? Does the builder have the authority to issue tax free bonds on what is a large housing development?
When I say bona-fide I mean are they like the incorporated towns around you with elected officials, or are they just concentrations of commercial properties made that way by the builder?