Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#106
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[QUOTE=outlaw;1109650]They do not. Iaudit's post is correct in all aspects.
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#107
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[QUOTE=Warren Kiefer;1109420]
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I didn't retire to this beautiful place to worry about all of this stuff. You seem to enjoy getting involved in these kinds of discussions and evidently believe that you have some kind of power to influence the powers that be. I'm glad that you've found something that you enjoy although for the life of me, I can't imagine anyone enjoying getting all worked up. Today, I'm going to mow, edge and trim the grass at the house I have for sale and then spend a nice afternoon with my wife. Maybe we'll have lunch at the pool. By the way, I didn't post this link that you've credited to me.
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The Beatlemaniacs of The Villages meet every Friday 10:00am at the O'Dell Recreation Center. "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800. |
#108
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#109
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[QUOTE=Dr Winston O Boogie jr;1109702][QUOTE=Warren Kiefer;1109420]
No, I did not no that there are two different boards and I don't care. I didn't retire to this beautiful place to worry about all of this stuff. You seem to enjoy getting involved in these kinds of discussions and evidently believe that you have some kind of power to influence the powers that be. I'm glad that you've found something that you enjoy although for the life of me, I can't imagine anyone enjoying getting all worked up. Today, I'm going to mow, edge and trim the grass at the house I have for sale and then spend a nice afternoon with my wife. Maybe we'll have lunch at the pool. By the way, I didn't post this link that you've credited to me.[/QUO It was not my intention to reply to your post. The post I was responding to was written by TVMayor. Sorry about that. |
#110
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[QUOTE=iaudit;1109641]
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#111
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[QUOTE=Warren Kiefer;1109937]
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The AAC has no connection to the CDDs. Was it set up for administering the $40M? The CDD boards are elected by the residents in that particular district. The VCCDD and SLVCDD boards are "elected" by the only voter, the developer, since there are no other land owners in those unique CDDs. The VCCDD and SLVCCDD manage the amenities (exec golf courses, rec centers, etc. So, in essence, the developer controls the amenity fees, budget, etc. Is that correct? |
#112
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[QUOTE=Warren Kiefer;1109899][QUOTE=Dr Winston O Boogie jr;1109702]
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__________________
The Beatlemaniacs of The Villages meet every Friday 10:00am at the O'Dell Recreation Center. "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800. |
#113
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[QUOTE=outlaw;1110141]
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It is no secret that the Developer has a lot of influence over the town center boards. After all he casts the only vote when the VCCDD or SLVCDD is elected to their positions. |
#114
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[QUOTE=Warren Kiefer;1110376]
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Thanks for the clarification. |
#115
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[QUOTE=outlaw;1110141]
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Let me explain further: 1. Categories of Community Development District There are two categories of CDDs in The Villages: (a) The numbered Districts, which encompass all the residences, and (b) the three commercial Districts, which encompass the three town-square areas. Thus, the three commercial districts are the Village Center Community Development District ("VCCDD"), the Sumter Landing Community Development District ("SLCDD"), and the Brownwood Community Development Disrict. 2. The Amenity Authority Committee.The AAC is affiliated only with the VCCDD. Contrary to your post, the AAC not only administers the $40 million class-action settlement funds, but also all the amenity expenditures by that District. 3. Ownership of the Amenities. The Developer has sold all the amenities north of 466 to the VCCDD and some of the amenities south of 466 to the SLCDD. The Developer stopped the sales as a result of the IRS investigation, and therefore still owns many of the amenity facilities south of 466. Since the commercial districts are now prohibited from issuing any more tax-exempt bonds, it is unclear whether the Developer will continue to sell the amenity facilities south of 466 (and the right to receive the amenity fees) to the relevant commercial district or will simply retain those facilities and the amenity fees. 4. Ownership of property in the commercial districts.The Developer (which is a corporation called "The Villages of Lake-Sumter, Inc.") has sold off some of the properties within the commercial districts but still remains in control of the government of those districts. The developer control of those districts is the basis for the IRS's denying future issuance of tax-exempt bonds. I hope this helps clarify a very complex situation. Last edited by Advogado; 09-08-2015 at 05:38 AM. |
#116
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#117
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[QUOTE=Advogado;1110656]
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#118
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[QUOTE=outlaw;1110732]
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I do not know why the Developer sold any of the property, but I also do not know of the relationship (if any) of the new owners to the Developer. It would take some real digging to figure it all out, and, since I don't think it affects us, I am not curious enough to do the digging. (As I recall, one of the IRS documents contains a list of the other owners in the VCCDD, but that document does not explain the reasons for the sale.) But If any of the other posters know the answer to your question, please advise. |
#119
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FYI
Ownership of the Amenities According to Janet Tutt, VCCDD owns/controls 22,707 amenity fees, Sumter Landing CDD 6,604 and the Developer/The Villages of Lake-Sumter 25,918 as of July, 2015 |
#120
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That's only $8.2M per month.
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Closed Thread |
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