From the Orlando Sentinel
April 29, 2009
I think the IRS no longer says Morse was overpaid but what he sold to the district is stated in the article.
In part it says…….
Quote:
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The district grossly overpaid Morse by $53 million, according to the IRS. The tangible assets, such as pools, golf courses, mail facilities, golf-ball washers and guardhouses, were worth about $6.9 million. Appraisers the Village district chose weren't qualified under IRS rules, partly because they weren't independent, and they failed to calculate correctly the value of the items purchased, Servadio contended.
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Leisureville USA: Big Trouble in The Villages (Part 2)
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MI, Pontiac, Waterford, Southfield, Farmington, FL.--> Ron's my name and pool's my game.
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