Talk of The Villages Florida - View Single Post - Latest On IRS Bond Issue
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Old 12-09-2012, 08:11 AM
mickey100 mickey100 is offline
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Well, according to the article the Villages center district has spent $644,672 (of the resident's money) fighting the IRS. They are representing the district's interest, which differs from the resident's interests. The POA keeps us on our toes communication wise, but I don't think they have the financial ability to represent us legally. So it appears no one is representing the resident's interest, legally at least. I presume if the ruling went against the district, and monies would have to be paid out out of district funds (money that came from the residents), that the resident's would have to file another class action lawsuit like they did back in 2008 to regain the money that would be rightfully theirs.