Quote:
Originally Posted by Indydealmaker
Gracie,
I think that one of the biggest contributors to the ludicrosity of some of the complaints is a lack of understanding as to how CDDs work and how The Villages is governed.
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Community Development Districts (CDD's) were never designed to be a vehicle for one individual to gather a handful of friends and family members and call themselves a government and issue tax-free bonds. Correct me, if I am wrong. Until then, we will just have to wait until the IRS totals up the amount of back taxes and penalties owed and keep paying the attorney's fees to protect the developer's bottom line. The last I heard, those attorney fees were close to one million dollars.