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Originally Posted by Dreamer61
Mike, thanks for clarifying that. So how, if at all, could this affect us homeowners????
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Worst case scenario I've seen proposed on this board is that the central districts wind up paying tax, interest and penalties which depletes the amenities funds to the point that amenities suffer. Others have wondered if the homeowners will have to cough up those funds, which doesn't appear possible since the dispute is with the central districts which are separate from the residential districts.
There is a history and timeline of the dispute on the district website. I would also direct you to the POA website and look at back issues. They have, to me, the most complete discussion of the dispute.
At a recent POA meeting, the president made several points. One, this isn't over by a long shot. Two, the developer, through the central districts, which he controls, will fight this aggressively because a negative result will severely reduce his take from the sale of amenities south of 466. Third, her belief that the developer will not allow the residents to suffer if the finding goes against TV.
But, as posted above, nobody really knows how this will end and the net effect, if any, on the residents.
Hope this helps.