[Advogado]

Originally Posted by Bill-n-Brillo

Here's a link to an article from David Miles, the finance director for the VCDD, giving a pretty thorough explanation of the issue with the bond payoffs and the refund process:

http://www.districtgov.org/PDFView/P...20121129000801

Bill

As indicated in my original post, I find two things incredible:
1. The Districts are not, on their own volition notifying the overcharged residents and refunding the overcharges; and
2. The Districts were originally (and one still is) trying to invoke the statute of limitations so as to keep some of their ill-gotten gains. If the remaining District tries to continues to try to invoke the statute, I would hope that the affected residents challenge that invocation in court.

Add to that list the fact that apparently none of the Disticts is paying interest on the amount of the overcharges despite having had use of the money during the relevant period.