Quote:
Originally Posted by Michigandress
Wrong.
The Villages is not a private development. True, it has been built by one Developer, but it is supposedly governed by Community Development Districts. Community Development Districts (as the Developer argues when confronted by the IRS) are, or are supposed to be, governmental units and not part of the Developer's private fiefdom.
|
The CDD form of government is unique to Florida. There are almost 600 other CDD's, but none nearly as successful.
I sense a movement to try to change this place and frankly I am terrified.
The IRS is challenging the MUNICIPAL bonds being tax exempt. Please remember that. If that was a slam dunk, the points would be on the scoreboard.