Quote:
Originally Posted by rubicon
Pure and simple this topic should only focus on the economic affect for residents resulting from the IRS inquiry and this recent lawsuit. It isn't about taking sides and it isn't about right or wrong. Its about bringing the parties to settle all of these disputes to the benefit of residents.
Our amenities are paying for the IRS Inquiry defense and now this latest lawsuit which means that the amenities intent in providing golf maintaining rec centers etc is going to be compromised.
The District and Villages of Lake Sumter actions of claim interest free bonds has placed us in a difficult position. Had they opted properly we would not be dealing with these issues because our facilities would have been defined private creating many more opportunities for residents.
I become considerable concerned about wild accusations and misplaced loyalties. Residents would be wise to view these legal actions as strictly pocketbook issues
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We searched for information about the legal issues in The Villages when we were in the looking stage of buying. We couldn't find information that we clearly understood in non-legal terms and/or without a bias on one side or the other. This may be due to there being no clearly defined lines until the suit is settled. Or, did we just give up and say 100,000 other people have purchased in The Villages and it can't be that bad?
Going back to the OP, it appears to be a different suit than the IRS issue. Is there any place where each of the cases are clearly defined in layman's terms stating only facts? I know this is selfish, but is there a place that clearly defines how different outcomes will personally hit a home owner financially? As home owners, we all are entitled to this information. Past threads have dealt with everything from nothing will happen in my life time to lets hang the developer. It's hard for me to believe that someone a whole lot smarter than I am, hasn't developed a spreadsheet with this information. Or, simply, the unknown is too great to speculate?