Quote:
Originally Posted by rubicon
The problem I am having with this entire issue is there is not a legal expert with no conflicting interests verifying for residents that they will not have any legal obligation or contractual obligation should the IRS render an adverse verdict. Someone mentioned that the amenity contract made it clear that it was a fee for a specific service, etc. However contracts were made to be broken.
Secondly if th IRS renders an adverse verdict how does that affect the future financing of the transfer of The Villages to the two commercial districts?
Another problem here is that according to Lauren Ritchie the IRS alleges that the Developer was paid twice. What exactly does that mean and what financial affect, if any, did it have on residents?
My post is not the "sky is falling" but rather informational o resident can make some informed decisions. What we have now is "he says""she says"and that makes me very uncomfortable.
Finally frankly I am sick of this issue hanging over us. I still wish the POA would assert itself for the sake of residents
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Agreed. There is too much speculation and loose talk without real knowledge or expertise in the issues. Ms Ritchie makes assertations which she does not support with citations or facts . It appears to me that her writings are unnecessarily biased against the developer. I have yet to understand the double payment issue to which she alludes. Is there an issue of interest to the owners - yes. The main concern is how will the issue impact my assets and lifestyle. Answers to these questions, after proper research would be a real service to readers . Amen!