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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I believe the POA has done a good job of keeping us informed. I don't see where they can assert themselves at this point as nothing definite has happened yet. I don't think it would be wise of them to make any predictions as to where this is going (we will leave that to Lauren Ritchie). If the IRS makes a ruling that impacts negatively on the residents I think we will see the POA assert themselves on our behalf. In fact, I expect they have already done some homework and are ready to act if it becomes necessary.