Quote:
Originally Posted by mickey100
I think the Developer took advantage of the residents by stretching the limits of the laws, and left us holding the bag.
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In what way did we get taken advantage of? If the bonds were sold as taxable bonds, the interest rates would have been higher and the amenity fee to pay back those bonds would have had to have been higher. So, who was the benificiary of the deal? I would say that we the residents were by nature of lower amenity fees.