Quote:
Originally Posted by mickey100
The CDD is the arm of the developer - the developer is the one that ultimately bears responsibility. I've seen many posts where he is lauded by the residents. It will be interesting to see if he steps up to the plate and does what is right.
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I have seen many posts where the same posters seem to enjoy bashing The Morse family and often offer simplistic and largely incorrect summaries that make it appear that the developers are little more than a bunch of crooks.
I think part of their disdain is based on the fact that the Morses do not espouse the same political ideals as those posters and maybe partly because in the last ten years they have become very rich using the American principle of free enterprise.
On this issue that the IRS has ruled, there have been no laws broken and no blame placed. it is an issue on whether a CDD has the right to issue tax deductible bonds and it is a premise and an entity they are investigating unlike any entity ever in this country. Sad, because this entity is working nicely.
It is my very uneducated opinion based on listening to educated opinions that this issue will be debated in courts of law for a very long time and probably long after I am dead.