Quote:
Originally Posted by jflynn1
To All the press outside of the Villages
Thank you for printing The Real Story.We do not get to read about the real story because it is never told in the Villages News publication The Daily Sun. T   wo months ago the headline was the problem was all solved. I wonder who is going to end up paying for this. and who has been paying for the legal fees associated with the defense of this IRS issue all along.
When you begin to peel away at the onion, The Villages Friendliest Hometown motto is really not so friendly and really is just a fantasy. |
Unfriendly or friendly is not involved here. It is how monies are handled and collected and dispersed in a CDD form of government.. ...now the IRS seems to be deciding that the municipal bonds issued by CDD are not tax exempt. And that the Morses gained from this. Hello....
What was printed some time ago in the Sun was that the developer sold entities to the CDD that were underpriced. That was considered a good move and one that favored CDD's. We aren't the only CDD in Florida.
What the IRS ruled is that CDDs can't really continue as the Florida law that set them up allowed for many years.
We are now going to have to wait and see.
My guess as to what will happen is that there will be further negotiation and that the amount assessed will be lowered after a lot of lawyers will see that these conversations go on and on.
The Orlando Sentinel and Lauren Ritchie in my opinion has frequently offered stories on The Villages that have been very unfavorable and sensational. I don't know why, but it could be the editorial slant partially and the journalistic style which seems to me to be much more sensational than I consider responsible reporting.
Following will be posts by the same old people who bash the developer gloating and the same old people who think positively of the developer defending.
And eventually it will all come out in the wash.
It will put the kebash on the sales and growth and worth of our homes until it is resolved in my opinion.
NO ONE knows what the lawyers for the IRS and the lawyers for the villages will end up doing. The IRS is really on the hot seat these days about targeting certain groups.
I am not suggesting that is what happened here but it won't help their reputation that Morse gives huge sums to that same party. I can't say the word or this post will be deleted.