:mademyday::mademyday::mademyday::welcome::welcome ::welcome:

Well said

The basis of the class-action lawsuit
 

I wish that you were right in your understanding of the basis of the class-action lawsuit. However, I'm afraid that you are totally mistaken on the point. The class-action lawsuit had nothing to do with a north-versus-south allocation of funds. The truth is much more troubling, and it raises major concerns about the past and present actions of the Developer.

In a nutshell: The thrust of the lawsuit (as well as the IRS's allegations in its pending investigation) was that the Developer sold amenities to the Villages Center Community Development District, which the Developer controlled, at an artificially inflated price. This alleged overpricing left the Center District without sufficient funds (from receipt of the amenity fees) to continue to provide amenities at the promised level. I.e., The Villages amenities system, which is the reason that we all bought here, was starting to come unraveled because of the Developer's actions. Another poster to this thread listed a website for the settlement agreement. You can get a basic description of the IRS investigation by checking prior Property Owners' Association Bulletins on the poa4us.org website.

Time will tell whether the $43 million class-action settlement will be adequate to keep the system operating.

Welcome.
I agree espressing concerns is one thing.....but some of these people go on and on and on with the same drivel. Nothing new just bringing up the same "concerns". Where do they get the delight in constantly bashing? And what does it really accomplish?

(Drivel: To talk stupidly or childishly.)

Who decides what is drivel and what is not? When members want to post here, I don't consider their opinions to be drivel. I respect their right to have an opinion and to post it here without fear that their comments will be categorized by the self righteous.

JLK

Kudos to "The Nice Administrator."

Agree with your statement concerning everyone's freedom to express an opinion here .....................curious about the capped item at the end.

You too seem to have fallen under the dreaded "self righteous" label. We all do at one time or another. Think about it.

That is the type of response I expected.

chuckster..... ".......the capped item at the end." of the above quote are the initials of the writer, Jan who co-owns and co-manages (extremely well) this TOTV website.

Class Action
 

Advogado is correct concerning both the class action suit and the IRS's investigation of the bonds issued in 2003. Whether the IRS allegations prove true is a test of time. However, as to the class action suit there was more. To begin with the lawsuit only benefited those north of 466. When the Developer and the POA jointly announced the settlement it was accompanied with an admonition that those who wanted to opt out to proceed on their own needed to submit their decision in writing. However, what the Developer and POA did not disclose, and what was disclosed by the Orlando Sentinel (Lauren Ritchie) was the fact that the POA leadership which filed individually were separately offered and accepted $50,000 each and that the POA attorney was separately paid $6.7 million for 15 months work. This created a need for the POA to conduct a March 18, 2008 meeting to explain the settlement. During that meeting the POA attorney kept repeating that she could not go into detail because a confidentality clause was included in this settlement. Perhaps POA members should have been assembled before the settlement to voice their opinions, concerns and otherwise seek complete understanding of the proposal's details before it was settled? I will leave that discussion for the legal minds???

One member has questioned whether the settlement amount is sufficient. Obviously, it would depend on how wisely the money is spent. For instance the AAC used a portion of it to reconstruct cartpaths. I do not know but would hope that the AAC made an attempt to co-opt the Developer and his sub-contractors to contributing to this project since the cartpaths were poorly designed and posed safety concerns their intended use initially. Again I will leave that discussion to the legal minds because I do not know the legal ramifications? This is my opinion and I could be wrong about some of these details and would welcome and invite member(s) for any editorial comments

Yet, when I express my opinion.....I am attacked as being self righteous.

self-right·eous–adjective
confident of one's own righteousness, especially when smugly moralistic and intolerant of the opinions and behavior of others.

Seriously?

Aren't you the one who said (and I cut and paste to prove) "I'm wondering why it's necessary to assign a demeaning name to people..."

And you just called a member of your own forum 'smug' and 'intolerant'.

Poor form TH.

Cabo and redwitch:

I would like to commend you for your articulate and intelligent posts.

If one does not agree with another's point of view, it's nice to "agree that we disagree" respectfully and intelligently.

When The Villages are completed, do you think a Home Owners Association will be implemented.

When our development was being built, the developer maintained the amenities and upon completion the homeowners took over.

Thank you