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Old 08-20-2012, 04:03 PM
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njbchbum njbchbum is offline
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Quote:
Originally Posted by EdVinMass View Post
No need to explain it. Regardless of how you might perceive those statements, here is the applicable section of the Declaration of Restrictions that you all signed:

4.1 (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.

Furthermore, no fees from residents, regardless of how they are collected are used to support any services provided commercial properties in and around TV.

And regardless of how many transactions have transpired between the developer and the two special CDDs he still maintains total control over them through the Board otf Trustees which he appoints annual. This in fact is one of the key accusations that the IRS has raised in the ongoing IRS dispute.
again, ed...we may not own them, we may not control them, but the 'interest' that we DO have in them permits us to consider them 'ours'...and if that makes us elitists, well, it also shows our pride in them. thanx for the "discussion".
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