Certainly the Developer has the right to make money, and he has done a fine job of doing that. But as residents, we are foolish if we elevate his right to make money, above our right to have a wonderful retirement community. Our needs come first, and we are paying for that right with our amenity fees. Some would say the past lawsuit is not relevant because it only involved those villages north of 466. I happen to live south of 466, and in my eyes, what happened there could be a precedent. The lawsuit alleged money had been misappropriated by the Developer and funds were not available cover improvements and repairs to recreation centers, swimming pools and other facilities that make the retirement community alluring. The people who filed the lawsuit had noticed a steady decline in building maintenance and conditions and services, and calls for action were completely ignored. The lawsuit was a last resort, and lucky for us a settlement was reached. We hope that lawsuits are a thing of the past, but I see no guarantees. And now we are embroiled in this whole IRS business, thanks to the Morses business acumen. Again, the residents could suffer financial consequences as a result.
We all have our own opinions. I am a financial conservative, and I do not like being beholden to a Developer that has this dubious record with lawsuits and the IRS. It just raises a red flag with me. I don't trust them. I personally will feel much better when we escape their omnipotence, and hire qualified people, like Janet Tutt for instance, to run things and to report to the residents directly. Our needs will come first.
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