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Originally Posted by Bogie Shooter
You are using Lauren Ritchie as a source of factual information.............this could be a mistake? She makes things up as she goes. And The Villages is her whipping boy......................
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Mulligan said, “FYI, the CDD's don't own the golf courses or any other amenities.”
I said, “If memory serves me correctly the CDD sold tax free bonds to buy the amenities from the developer, if that is not the case what did they use the money for?”
What was the money used for B Shooter?
Do we need to look at some pdf files? Should we get sinkhole man on this?
You don’t like
Lauren Ritchie, how about Michael C. Bender for the Bloomberg News?
In part…….
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Under Florida's community-development district arrangement, Morse built amenities in The Villages -- primarily golf courses, pools and guard houses -- and then sold them to residents through district boards that decided how much to pay for the assets. The boards were appointed by Morse, as state law allows, and in every case the majority of the members worked for Morse; one board included Morse, according to Bloomberg's analysis.
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Villages CDD bonds ruled taxable | HeraldTribune.com