[Challenger]

This forum seems uncharacteristactly quiet. Where are all of the doomsday predictors amd conspiracy theorists? Where is Lauren Richards ?

Just a shame that a party must spend $500,000 to prove they were not wrong in their actions.

[rubicon]

I wonder if VLSI is contributing to this settlement amount? They should they controlled the buy/sell agreements including how VCCDD would leverage the deal

[coach]

Originally Posted by Challenger

This forum seems uncharacteristactly quiet. Where are all of the doomsday predictors amd conspiracy theorists? Where is Lauren Richards ?

Just a shame that a party must spend $500,000 to prove they were not wrong in their actions.

I agree completely. Seems like only last year there were several very vocal posters who claimed the developer was a crook, that the homeowners would be liable for millions and that anyone who suggested that we let it work itself out was guilty of putting our head in the sand. Where are you now?

[twoplanekid]

As we paid our lawyers ½ million, I would hope we would be on the winning side! We saved $300,000 from not stripping to now payoff the IRS. Good deal!

[outlaw]

You can fool some of the people all of the time...

[The Shadow]

This is the 2009 proposed IRS settlement that was rejected by TV.

WASHINGTON - The Internal Revenue Service is urging two community development districts in central Florida to settle tax law violations relating to tax-exempt bonds issued for The Villages retirement community by redeeming $355.35 million of them, paying the federal government at least $2.85 million, and agreeing to refrain from issuing any more tax-free bonds. SNIP.....

IRS Proposes CDD Bond Settlement | The Bond Buyer

[Challenger]

Lauren---- I can't hear you (probably just as well)

[golf2140]

In the old days they would call this a shake down !!!!!!!!!!!!!!

[2BNTV]

How about the IRS admits they were wrong and gives the CDD's 2 million for wasting our time and another 2 million in punitive damages as this issue has upset many people.

Where is the article from Lauren Richie admitting her reporting was less than perfect.

As for me, I never worried this was going to be a big issue, as it would never stop me from moving to TV.

BTW - I would take the 2 million, if offered.