[North shore gal]

Originally Posted by Mr.Kris

For those who are interested in reading, the latest publicly available communication between the VCCDD and the IRS is at http://districtgov.org/images/IRSupd...%205-21-14.pdf You may want to read it for yourself and form your own opinion before others explain it to you providing their slant.

As we say in the federal bureaucracy, BLUF - Bottom Line Up Front, the Office of Tax Exempt Bonds has denied the VCCDD request for relief. In response the VCCDD request is being forwarded to the appropriate IRS Associate Chief Counsel for consideration. It is unlikely, however, that the Associate Chief Counsel will have a different opinion since this issue would have most probably already been vetted at the Office of Chief Counsel.

My opinion is this is a sidebar, and minor issue, to the larger concern of the VCCDD issuance of bonds for the purchase of facilities. That's another discussion.

For those who want an unbiased, and unabashed, discussion I'm in Hemingway now. Stop by and we'll have a civil discourse.

Soooo.... What does that mean in laymen terms? Will it cistern TV'ers more $... HOA fees?