Talk of The Villages Florida - View Single Post - I.R.S. Rules Against The Villages
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Old 06-10-2013, 09:27 AM
manaboutown manaboutown is offline
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Quote:
Originally Posted by iaudit View Post
The other thing that has not been mentioned is that there has not been a transfer of ownership of amenity facilities since 2004, almost ten years. Essentially, most of the amenity facilities south of Rt. 466 are still in the hands of the developers. Depending on the final disposition of this issue, the purchase price of these facilities by the Central Districts will be significantly impacted.
The purchase prices which are to be paid to the developer in the future by the central districts for various infrastructure and amenities are my greatest concern. How will they be fairly determined? That is at the heart of the financial black hole Villagers face IMHO.

By the way, this is a highly informative thread. I want to sincerely thank those who are contributing facts and helpful links.
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