Who benefits from the bonds?
I think the issue is that tax free bonds have to be used for the public good and controlled by the public. If the developer controls them, they are for his benefit not the residents benefit. This debate does not concern the 10 CDDs that homes are in. The control of the 10 CDDs are turned over to the occupants and they elect people to run their particular district. The problem lies with the amenities CDDs. Residents do not elect and have no say in the decisions for these districts. If the public does not control the amenities, than the bonds can not be tax exempt.
What I don't understand is when the developer sells the amenities to the residents why does he continue to control them. Or who is he selling the amenities to?
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