[Bogie Shooter]

Originally Posted by Advogado

For those who wish to stay informed on this issue, here is the latest news:
Lawyer: IRS Position on Village Center CDD in Fla. is Turnaround | Municipal Finance Today

As far as I know, there has been no mention of it in The Daily Sun.

Copies of the letters were posted on Village Community Development Districts on October 17
http://www.districtgov.org/images/IR...2010-17-13.pdf

[bike42]

Originally Posted by Villageshooter

. . . however you got a remember one thing The IRS does not lose very often.

Actually the IRS often does lose. I'm betting on TV's lawyers.

[Advogado]

As reported on the ************** website:

"IRS legal fees back on AAC agenda

The matter of IRS legal fees is back on the Amenity Authority Committee agenda for Wednesday.
In December, the AAC asked District Manager Janet Tutt for regular updates on the cost of the protracted legal battle between the IRS and The Villages.
IRS legal fees have cost the AAC $382,659.49 from March 2008 to Nov. 1, 2013, according to documents provided by the district.
Another nearly $400,000 in legal costs is being borne by CDD government.
The AAC meets at 9 a.m. Wednesday at Savannah Center.
You can look at documents regarding the IRS legal costs at the link below:
http://www.districtgov.org/PDFView/P...20131106aa1013 "

If the Daily Sun reported on this, I missed it.

[mickey100]

As always, thanks for posting these links Advogado.

[ijusluvit]

Originally Posted by Advogado

In case you missed it, there is an interesting little article on page 17 of the November POA Bulletin about the use of our amenity fees to pay attorneys to defend the Developer's use of tax exempt bonds: http://www.poa4us.org/bulletins_file...etin201311.pdf

It is a relief to hear that the POA intends to sue the Developer for the repayment of those legal fees in due course. I usually don't pretend to know enough to predict the outcome of legal battles, but this one looks like a slam dunk for the POA and probably a reasonably quick out of court settlement. I wonder if Mr. Morse will mark the occasion of the settlement with another full-page ad in the Sun graciously agreeing the settlement is fair and just and he is happy to comply with it?

Go POA G0!!

[ltcpda]

I want to thank all of you for your informative and helpful responses. This is one reason we want to be part of your community. I will be in TV in two weeks for another look and hope to get closer to a purchase. Residents should not be penalized and I hope a reasonable settlement is forthcomeing in the near future.