Quote:
Originally Posted by mulligan
FYI, the CDD's don't own the golf courses or any other amenities. My view is the IRS would penalize those who benefited from the sale and ownership of tax free bonds. That's not me.
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From the Orlando Sentinel
May 31, 2009
In part it says…….
Quote:
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In the revenue agent's May 18 letter, he urged the districts to take a dramatic and enormously costly step: recall and pay off $355 million worth of outstanding tax-free bonds that paid Morse for everything from golf courses to swimming pools, utility plants to guard houses.
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Leisureville USA: The BIG OUCH! -- Explained by Lauren Ritchie
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MI, Pontiac, Waterford, Southfield, Farmington, FL.--> Ron's my name and pool's my game.
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