Quote:
Originally Posted by The Shadow
The way I read this CDD's would no longer be able to issue tax free bonds, end of story. No penalties for previous bonds, homeowners, bond buyers or sellers or the recipient of large sums of money as a result of the bond sales.
Then what? After build out the developer would charge $50 for golf?
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You could reach the conclusions set forth in your first paragraph on the basis of the Daily Sun article, and you would be wrong. See the link to the POA Bulletin in my earlier post. The linked POA article was published in 2009, but the analysis set forth in it is still valid. The subsequent developments consist of one setback after another for the Center Districts (which own most of our amenities and which issued the relevant bonds to pay the Developer for them). Those developments are described in POA Bulletins, which can be found on the POA website.