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Old 12-13-2007, 02:25 AM
Happy Villager Happy Villager is offline
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Default Re: Gorilla in the room - Daily Sun article on lawsuit

It appears the POA was correct in what they have been stating for quite some time. They have been writing about the concern of our amenity services being under the jurisdiction of the Village Center Community Development District with the commercial property owners being the largest voting group. It seemed to come to a head with the sale of the Rolling Acres Plaza to I believe a German owned conglomerate. The article stated that "in hindsight, additional reserve and replacement deposits should have been established at the time of each amenity sale so that facilities such as the Paradise Recreation Center could have been rebuilt without the need for the Village Center Community Development District to incur additional debt. More broadly, adequate reserves should have been funded to assure continuation of amenity services at current levels without any additional debt." The Village developer has built a unique community here and has made improvements with each section and apparently a revision in the amenity handling is another area that needs tweeking.
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