[Bonanza]

Originally Posted by graciegirl

OH STOP.
That is simply not correct.

The lawsuit is challenging whether a CDD can issue Tax free municipal bonds. We are not the only CDD form of government in Florida but we are by far the most successful. Possibly the most successful way of running a town our size in the world.

The attorney fees are protecting the matter of the CDD form of management, which is what makes this place so special and so well run and not ordinary. In essence it is keeping the place like it is, but some of the outside interests and Morse bashers don't like that.

PLEASE see how much better it is than if it were run like a HOA. Someone would have spent our money for a big performance center that could not sustain itself and cut back on the flowers and the trimming. Someone would decide it would be cheaper to paint all of the rec centers the color of their favorite sports team.

Something like the POA would be suing the developer at every whip stitch and the pools would be overtaken by aliens and the chairs would be inhabited by the urban poor from Orlando.

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Gracie -- I am speaking about the attorney fees which are being paid out to Perry Israel and a few other attorneys for the sheer purpose of responding to the IRS regarding the bond issue. We are not speaking about the CDD form of government here. I am specifically referring to the IRS and the tax-free bond issue; I am not referring to anything else. These attorneys are not protecting us; they are hoping to protect Mr. Morse. The bond issue is with Mr. Morse, not the residents, but the residents are paying his bills. If this was for our benefit as residents, not only would this not have gone on for so many years, but frankly -- WE would not be footing the bill.

I don't know how many HOAs you have lived in, but I can tell you that having lived in a number of them and having been involved with them during my 30-year real estate career, I will tell you that most of them are run very well. Most residents care greatly regarding how their money is spent, whether they are self-governing or when their development is handled by a management company. In the case of management companies, the board of directors still has control over them and the final say.

I truly think you are jumping to conclusions regarding a big performance center, paint all rec centers the same, etc., etc., etc. Most of what you have mentioned have nothing to do with the IRS/bond issue whatsoever.