twoplanekid |
05-22-2022 09:34 AM |
Quote:
Originally Posted by tophcfa
(Post 2097806)
Agree, hopefully the CDD’s have learned from their mistakes and will never again agree to acquire assets from the developer under terms that limit the control of their ownership. Certainly, the developers legal council would never let them enter into such a fiscally irresponsible contractual agreement. Yet they expect the CDD’s to acquire assets from them under those terms. That’s the double standard I have been referring to.
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I have been a party to three purchases from the Developer for over $300 million. It is my view that it's an all or nothing vote for the CDD boards as staff negotiates the agreement with the Developer. As an example, I wanted to have NSCUDD signage on the water towers that NSCUDD owns and operates to let people know who is responsible for them. In the purchase agreement it states that nothing can be changed from the way it was purchased by NSCUDD. Now, I don't mind having the Developers logo (The Villages) on the tower but just wanted to add information someplace as to who now owns the water tower. It can't be done even though a public agency owns the towers after paying millions for it. I love most everything in the Villages but there are a few things that I question and see a need for changes.
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