[njbchbum]

Originally Posted by Bonanza

The thing that may end up hurting and costing all TV residents is the result of the IRS decision regarding whether or not Morse's bonds are tax free.

I cannot see this as going in his favor because no other bonds of this type are tax-free anywhere. We've already paid over $700,000 to his attorney which did not come out of his pocket; it came out of ours and we had no say in this matter.

When IRS levies their fine which is purported to be a few million, I'm sure the CDD will do the same thing: charge it to the residents, not Morse.

Keep in mind that the payment of the VCCDD's attorney fees have been and still are paid out of our amenity fees and not out of our pockets as special assessments; and amenity fees have a cap on the potential for any annual increase. One can read the history of the IRS go 'round here: Village Community Development Districts