The IRS position is that that developer charged the CDD (which he controlled) way too much money for some of the amenities. The CDD then sold Tax Free bonds to pay for them. Some people say the developer can charge as much money as he wants, "That's the American Way". The IRS argues not at the exspense of the US tax payer. If a contractor charges the Military $2,000 for a "toilet seat" is that obscene profits or "The American Way" If Bank of America charges an extra $5/month, is that morally wrong or the "The American Way" The bad thing is, the CDD has spend $200k defending the developer. Since we pay for the CDD, we are paying again. I just hope our "BENEFACTOR" does the right thing and puts this rest, so I can live 20 years in this beautiful place he gave us. Now I will have a glass of KOOL-AID!
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