A couple of bond questions

[williep]

I am visiting TV in a couple of weeks. I read about the bond that is assessed to all property to pay off the costs of building of all of the TV amenities. 1. If the bond is added to the cost of buying a house, is it included in the price of the house or is it a surprise that you are informed about later? 2. If TV loses the case with the IRS who says that the issuance of tax exempt bonds was illegal because the governing bodies of TV are not autonomous, because all of the real decisions concerning TV are made by the Morse family. If the IRS wins it could mean millions of dollars in fines and back taxes. Will this expense be passed along to the residents? or will the resident governing bodies be given real power to make the bonds legal?
Bill From Mass ( a TV Wanabe)

[Bogie Shooter]

I am visiting TV in a couple of weeks. I read about the bond that is assessed to all property to pay off the costs of building of all of the TV amenities. 1. If the bond is added to the cost of buying a house, is it included in the price of the house or is it a surprise that you are informed about later? 2. If TV loses the case with the IRS who says that the issuance of tax exempt bonds was illegal because the governing bodies of TV are not autonomous, because all of the real decisions concerning TV are made by the Morse family. If the IRS wins it could mean millions of dollars in fines and back taxes. Will this expense be passed along to the residents? or will the resident governing bodies be given real power to make the bonds legal?
Bill From Mass ( a TV Wanabe)
Go to this thread for all your answers. https://www.talkofthevillages.com/forums/showthread.php?t=22358&highlight=orlando+sentinel
If that does not do it, do a search on Orlando Sentinel and there are a couple more threads.

[chuckinca]

The bond on the houses is not included in the sales price.

The bond on the houses is different than the CDD bonds. The first is a debt owed by the home owner to the county; the second are bonds issued by the CDD's to pay the developer for the improvements (golf courses, rec centers, pools, etc, etc). These are covered by the home owners amenity fees paid to the CDD's.

Read thru the threads to get a feel for the IRS liability.

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