Quote:
Originally Posted by marlinguy
If you don't mind, when you have a chance and not too time consuming, I would love to know the details, which is for what.
Thanks
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Go to search above and type in bond.
There are hundreds of thousands of words written about it. There are two bonds. The one a buyer pays when he buys a new home here that is for the cost of the roads and the lights and the underground plumbing and the whole infrastructure. This bond is NOT included in the price of a home like it is in other parts of the country. On most new homes it is about 24 thousand dollars extra.
The bond that there is so much discussion about is the other one that is an investigation by the IRS. The issue is whether it is o.k. to have municipal bonds that are tax free in a CDD, which this is. A very unusual municipal situation that is working far better than the other kinds if you ask me.
The developer is not being investigated for not paying his proper income tax or anything shady.
There are those who like the developer and are on the side of big business and there are those who don't like the developer and don't like big business. There are those who don't know the developer, that would be every single person who lives here I would guess. It boils down sadly to be too often a political opinion whether you think Gary Morse is a good guy or a spawn of the devil.
And that is just my opinion.