[downeaster]

Originally Posted by rubicon

The problem I am having with this entire issue is there is not a legal expert with no conflicting interests verifying for residents that they will not have any legal obligation or contractual obligation should the IRS render an adverse verdict. Someone mentioned that the amenity contract made it clear that it was a fee for a specific service, etc. However contracts were made to be broken.

Secondly if th IRS renders an adverse verdict how does that affect the future financing of the transfer of The Villages to the two commercial districts?

Another problem here is that according to Lauren Ritchie the IRS alleges that the Developer was paid twice. What exactly does that mean and what financial affect, if any, did it have on residents?

My post is not the "sky is falling" but rather informational o resident can make some informed decisions. What we have now is "he says""she says"and that makes me very uncomfortable.

Finally frankly I am sick of this issue hanging over us. I still wish the POA would assert itself for the sake of residents

I believe the POA has done a good job of keeping us informed. I don't see where they can assert themselves at this point as nothing definite has happened yet. I don't think it would be wise of them to make any predictions as to where this is going (we will leave that to Lauren Ritchie). If the IRS makes a ruling that impacts negatively on the residents I think we will see the POA assert themselves on our behalf. In fact, I expect they have already done some homework and are ready to act if it becomes necessary.

[kittygilchrist]

I have bought a lot but no house built yet. I refuse to approach my life in TV from a position of fear. If the reality becomes one of legal opposition, I am confident that we approaching one hundred thousand residents would be able to hire competent legal representation for the price of two martinis each.

[Advogado]

I just came across this: Villages IRS bonds: Villages government plays waiting game in IRS dispute over bonds - OrlandoSentinel.com

It is worth reading, although not terribly explanatory about what happens next, but at least somebody is reporting on the matter. The most interesting aspect, I thought, were the pessimistic comments by the attorney for the Center Districts. Still, we get no assurances from the Developer that residents will not be impacted.

[Mikeod]

Originally Posted by Advogado

I just came across this: Villages IRS bonds: Villages government plays waiting game in IRS dispute over bonds - OrlandoSentinel.com

It is worth reading, although not terribly explanatory about what happens next, but at least somebody is reporting on the matter. The most interesting aspect, I thought, were the pessimistic comments by the attorney for the Center Districts. Still, we get no assurances from the Developer that residents will not be impacted.

Just remember the author is Ritchie and the piece is clearly labeled "commentary". I would not consider this reporting.

[Advogado]

Originally Posted by mikeod

Just remember the author is Ritchie and the piece is clearly labeled "commentary". I would not consider this reporting.

At least it is better than the noncoverage that we get in The Daily Sun and the nonsense we get from the VHA.

[justjim]

I really try not to "worry" about "things" beyond my control and this "bond issue" is way above my pay grade and way way beyond our control. Should we try to stay informed as possible-----sure. TV is not the only entity set up as a Community Development District (s). There are others---even Walt Disney World----so I understand. "The idea of not catching the ball simply because it's thrown to you is a powerful tool to explore.".....says Carlson in his little book "don't sweat the small stuff.". Happy Holidays to all!

[janmcn]

Originally Posted by justjim

I really try not to "worry" about "things" beyond my control and this "bond issue" is way above my pay grade and way way beyond our control. Should we try to stay informed as possible-----sure. TV is not the only entity set up as a Community Development District (s). There are others---even Walt Disney World----so I understand. "The idea of not catching the ball simply because it's thrown to you is a powerful tool to explore.".....says Carlson in his little book "don't sweat the small stuff.". Happy Holidays to all!

The "bond issue" is way beyond your control since you already live here, but it is very much in the control of perspective buyers to research this and exercise their control on whether to buy or not to buy.

[graciegirl]

Originally Posted by janmcn

The "bond issue" is way beyond your control since you already live here, but it is very much in the control of perspective buyers to research this and exercise their control on whether to buy or not to buy.

Would you tell them to buy here or not to buy here?

[justjim]

Originally Posted by janmcn

The "bond issue" is way beyond your control since you already live here, but it is very much in the control of perspective buyers to research this and exercise their control on whether to buy or not to buy.

We have recommended TV to many of friends, relatives, acquaintances, and even strangers without any "reservations" whatsoever. Some have purchased. We plan to continue to do so.

[janmcn]

Originally Posted by graciegirl

Would you tell them to buy here or not to buy here?

I would tell them to research this issue from top to bottom, turn over every stone. It is a very complicated issue that might involve getting a professional's opinion. I consider myself literate and somewhat intelligent, and I have a very hard time understanding all the intricasies of this issue.

[graciegirl]

Originally Posted by janmcn

I would tell them to research this issue from top to bottom, turn over every stone. It is a very complicated issue that might involve getting a professional's opinion. I consider myself literate and somewhat intelligent, and I have a very hard time understanding all the intricasies of this issue.

Me too.

[mickey100]

Originally Posted by janmcn

I would tell them to research this issue from top to bottom, turn over every stone. It is a very complicated issue that might involve getting a professional's opinion. I consider myself literate and somewhat intelligent, and I have a very hard time understanding all the intricasies of this issue.

I agree. Good friends are going to be up front and give out all the information, even that which may not be particularly savory. No one knows how things will go at this point, and I'd hate to see someone buy, then things go wrong later, and have them feel bad for not being informed before they bought.

I'm not sure a class action lawsuit is going to be a "guaranteed" win either, should things go wrong with the IRS. You just never know with these things. So we're just in limbo and have to wait and see. I don't call it living in "fear", but I do call it living with my eyes and ears and brain open.

[graciegirl]

Originally Posted by mickey100

I agree. Good friends are going to be up front and give out all the information, even that which may not be particularly savory. No one knows how things will go at this point, and I'd hate to see someone buy, then things go wrong later, and have them feel bad for not being informed before they bought.

I'm not sure a class action lawsuit is going to be a "guaranteed" win either, should things go wrong with the IRS. You just never know with these things. So we're just in limbo and have to wait and see. I don't call it living in "fear", but I do call it living with my eyes and ears and brain open.

But our difference is that I don't see the Morse family as a.......scammer or a negative force or crooked.

Unless or until someone can prove differently to me I don't see that the Morse's are doing anything but running a business for profit and I get really upset when I see that some people think they are out to "get us". If I thought that I certainly wouldn't have bought here or support anyone to buy here and lay down probably the biggest outlay of cash in their lives..

I don't think anyone knows how the Morses really are but all I see is lots of reasons to believe that they are ethical people who are hugely successful...

And because of that there are tons of people who post on here who will never agree with me.

I could be wrong. I don't know them, but neither does ANYONE else.

Who know how this will pan out. NOT a soul. We will just have to wait and see. There isn't anything anybody can do. If they are truly not sure that it will go against them financially they can sell and leave and I don't see a lot of that happening...and I could be wrong on that too.

I know we have had five fun years here while this investigation has been going on.

[2BNTV]

Originally Posted by graciegirl

But our difference is that I don't see the Morse family as a.......scammer or a negative force or crooked.

Unless or until someone can prove differently to me I don't see that the Morse's are doing anything but running a business for profit and I get really upset when I see that some people think they are out to "get us". If I thought that I certainly wouldn't have bought here or support anyone to buy here and lay down probably the biggest outlay of cash in their lives..

I don't think anyone knows how the Morses really are but all I see is lots of reasons to believe that they are ethical people who are hugely successful...

And because of that there are tons of people who post on here who will never agree with me.

I could be wrong. I don't know them, but neither does ANYONE else.

Who know how this will pan out. NOT a soul. We will just have to wait and see. There isn't anything anybody can do. If they are truly not sure that it will go against them financially they can sell and leave and I don't see a lot of that happening...and I could be wrong on that too.

I know we have had five fun years here while this investigation has been going on.

As a wannabe, I have reading these posts for awhile and I can honestly say that "no one" knows for sure how this is going to play out and what the effect will be on TV'ers and wannabes.

It may all turn out be a non-factor for many people as they enjoy TV lifestyle and are willing to take that risk if there is a risk.

[rubicon]

Originally Posted by EdV

All 40,000 of them? Come on.



What transfer. Those two special districts belong to the developer and his family's real estate holdings, now and for the foreseeable future.



It means she continues to be confused about the bond on each residence and the ones issued to build the amenities that are part of two special districts. I’m telling you, the woman is clueless and quite frankly dangerous to the peace of mind of TV residents.



Well if you’re that bothered by this hanging over your head, why not make an appointment with your attorney and go over it with him/her as your legal expert. Better still, why not organize an interest group of twenty or so residents to kick in 100 bucks each and get a written opinion. Problem with that is that most people tend to have short arms and deep pockets and would rather whine about the problem and wait for someone else to take the lead.

Just saying.

1. It isn't 40,000 contracts, its one contract witten 40, 000 times.

2. Its not the two special district I address but the trnasfer of the invidual districts once they are finished being developed (ie. the basis for the bond dispute now underway,)

3. I can't address Lauren Ritchie's knowledge as respects this issue. I assume she is having discussions with the IRS?