Quote:
Originally Posted by mikeod
If the information is accurate, it does resolve one of the big questions, i.e., that the price paid was inflated to the benefit of the developer. I thought that would be the harder point to prove for the CDD.
The other main point, the ability of the CDD to issue tax free bonds, seems more likely to be resolved in favor of the CDD since it was formed legally under Florida law and there are precedents with this type of government throughout the state.
Hope it works out that way.
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The type of government is not being questioned, it is rather a CDD in TV of the type CDD it is (no police dept, government must be arms length form the developer), is allowed to sell tax free bonds.
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MI, Pontiac, Waterford, Southfield, Farmington, FL.--> Ron's my name and pool's my game.
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