Let me see if I get this correctly. A resort district is formed around Snowshoe. The board approves a very large bond issue for improvements at Snowshoe. Snowshoe/Intrawest buys all the bonds. The people within the resort district have to repay Snowshoe plus interest for the bonds. Snowshoe, in the end, doesn't pay for any of the improvements. The Pokey sheriff is a free collector for Snowshoe for any unpaid assessments. I think that I would like to start my own resort district.
Let me see if I get this correctly. A resort district is formed around Snowshoe. The board approves a very large bond issue for improvements at Snowshoe. Snowshoe/Intrawest buys all the bonds. The people within the resort district have to repay Snowshoe plus interest for the bonds. Snowshoe, in the end, doesn't pay for any of the improvements. The Pokey sheriff is a free collector for Snowshoe for any unpaid assessments. I think that I would like to start my own resort district.
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