Talk of The Villages Florida - View Single Post - Explain the lawsuit
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Old 09-14-2014, 06:33 PM
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Bryan Bryan is offline
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The previous $43 million lawsuit (which the developer lost, BTW) was due to shortchanging the districts on maintenance and replacement funds for all the facilities transferred to them by the developer. At that time, all of Districts 1, 2, 3, and 4 (not sure about the Lake County district) were involved but nothing south of CR 466 was involved. This sounds like similar shenanigans were discovered/suspected/alleged in District 5 - which is now pretty much turned over by the Developer to the residents - and they are seeking their share of the money. If I recall, the original lawsuit was initially classified as frivolous by the Developers lawyers yet they lost to the tune of $43 million and it led to the formation of the AAC. That doesn't sound so frivolous to me. I do hope we get a clearer explanation of the suit Tuesday at the POA meeting - I will be there.