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Publix is foregoing rent from merchants in the shopping centers they own. It wouldn't surprise me to someday learn that the Morse family did something similar for the tenants in the commercial properties they own. The town squares are one of the big things that makes The Villages truly unique over other retirement developments. If they turn into ghost towns, selling a home here will be much more difficult and property values will reflect it.
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Just a thought.....We, as residents of "The Villages" have been without any amenities due to the Virus. Why should we pay for "services" that we do not receive? You can treat this question in several ways, however, let's face it, when things are going right think of the $money$ that flows into the developer's pocket???
I have no problem for paying for services that I receive however, when the services CEASE I must question the costs! |
Some amenities may not be fully utilized or closed does not mean there is no expense for upkeep/maintenance.
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https://www.talkofthevillages.com/fo...t=amenity+fees |
I remember years ago when someone thought TV would be a ghost town when the IRS was trying to impose a tax and people were up in arms. They thought the Morse family would bail but that didn't happen either.
It seems we are set in perpetuity as the generations of Morse children and grandchildren will keep things running long after we are all gone! I"ve never lived in a place that was kept this immaculate!!! |
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The amenity fees provide funding for items such as common area maintenance, community watch, recreation centers and activities, water retention areas, gate and postal facility maintenance and executive golf courses. The amenity fee revenue from the Village Center residents or those living north of CR 466 is collected in the Recreation Amenities Division Fund that is normally called the RAD fund. The amenity fee revenue from the Sumter Landing residents or those living south of CR 466 is collected in the Sumter Landing Amenities Division Fund that is normally called SLAD. The Villages Fire Protection District is funded by a Non-Ad Valorem assessment which appears on your annual property tax bill. |
morse
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Actually, one of the reasons I bought in TV last year was because the developer family is still active here. There was rumor sometime before that they have finished build out, made me uncomfortable with the idea who will take over. When you think of what this area was like before development.
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I was told build-out would be finished in 2012!!! Bought in 2013.
I am still waiting!!! Build-out is a myth according to one long time poster. I feel comfortable to say build-out will not occur in my lifetime!!! There is too much money to be made for the Morse family to even consider walking away. IMHO I believe they said in their annual meeting several years back, their grandchildren will continue to run TV. |
The primary, perhaps only, reason for the CDD form of "government" is to ensure the amenities will be maintained after the Developer leaves.
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