News Reedy Creek Improvement District and the Central Florida Tourism Oversight District

Batman'sParents

Active Member
regardless of the outcome of the cases, the district is not going to be the same at the end of this. So much value has been lost by way of many of the experienced employees leaving. The district will be able to operate, it’s just a matter of effective it will actually be able to.
 

Goofyernmost

Well-Known Member
I don't think it's possible actually. Public bonds can't be absorbed by a private entity - they can only be absorbed by another public entity. Additionally, there are a lot of government functions that could not be performed by Disney (inspections, land use, etc.) that wouldn't be able to be done by them and would have to fall to the counties if RCID went away. A private company can't absorb all the functions that RCID performs.

It's not possible because there are municipal bonds outstanding that can't suddenly be converted to corporate debt. There are income tax implications for bondholders. Also, some of those bonds cannot be paid off early, so even if RCID managed to operate without taking on any more debt for infrastructure projects, they're still handcuffed by the terms of the outstanding debt. This is the same reason why the state had to change gears their plans to dissolve RCID to the hostile takeover they eventually chose.
OK, that makes sense, but can RCID still exist to just float bonds without any other authority or does it have to have a direct oversite function.
 

Batman'sParents

Active Member
OK, that makes sense, but can RCID still exist to just float bonds without any other authority or does it have to have a direct oversite function.
It needs to have other functions in order for the bondholders to be paid. RCID pays the bonds based off revenue generated from property taxes.

To do all this, you need to have the ability to assess and collect taxes.
 

Goofyernmost

Well-Known Member
It needs to have other functions in order for the bondholders to be paid. RCID pays the bonds based off revenue generated from property taxes.

To do all this, you need to have the ability to assess and collect taxes.
Sure but the massive majority of the taxes come Disney? I once had the opportunity to be on the board of a similar defined independent municipality. We had the ability to assess and collect taxes (water fees) float bonds if needed and all we had to do was to provide drinking water to a relatively small housing development. We were in charge of wells, waterlines and reservoir for that single development. We met once a month went over the events of the previous month, approved water system maintenance costs along with repairing any broken lines and maintaining safe, clean water standards. That was all it took to have that power.

Disney's original setup encompassed a lot more including the massive infrastructure required to build the place and the scope of that isn't anywhere near what it was in the late 60's, So it could downsize and Disney could take on some of the other things that RCID once did. I know the system was working well, and I'm sure it could be expended over time once the tyrants are subdued. I would take a little time, but it is still in business with almost no change except different responsibilities.

On a side note, considering the wages that they seem to pay, I am doubtful that they have lost 40% of their work force. Part timers maybe, but anything there is a golden egg situation for most of them and even if they did, if they had the opportunity to reestablish RCID I bet a whole lot of them would come back. It's only been a year.
 

TtocsMc

Active Member
Sure but the massive majority of the taxes come Disney? I once had the opportunity to be on the board of a similar defined independent municipality. We had the ability to assess and collect taxes (water fees) float bonds if needed and all we had to do was to provide drinking water to a relatively small housing development. We were in charge of wells, waterlines and reservoir for that single development. We met once a month went over the events of the previous month, approved water system maintenance costs along with repairing any broken lines and maintaining safe, clean water standards. That was all it took to have that power.

Disney's original setup encompassed a lot more including the massive infrastructure required to build the place and the scope of that isn't anywhere near what it was in the late 60's, So it could downsize and Disney could take on some of the other things that RCID once did. I know the system was working well, and I'm sure it could be expended over time once the tyrants are subdued. I would take a little time, but it is still in business with almost no change except different responsibilities.

On a side note, considering the wages that they seem to pay, I am doubtful that they have lost 40% of their work force. Part timers maybe, but anything there is a golden egg situation for most of them and even if they did, if they had the opportunity to reestablish RCID I bet a whole lot of them would come back. It's only been a year.
Part timers?! Is that what you really think? Take a look at the jobs posted, they are far from part time. In fact, I don’t believe the district has any part time employees other than interns. The majority of employees that left were seasoned, full time, fully invested employees that, in some cases had been at the district over 20+ years. The reason the district pays what it does is because they are/were seeking the best in their respective fields.
 

Goofyernmost

Well-Known Member
The bonds are tied to specific authority. There is even the pledge to bond holders in the legislations.
Yea, I know but that doesn't mean that the scope of RCID, should it return, needs to be as extensive as it was before. It probably will not be done that way anyway, just a thought about what might lay ahead, if Disney wins and old puddin fingers is still in office.
 

Goofyernmost

Well-Known Member
Part timers?! Is that what you really think? Take a look at the jobs posted, they are far from part time. In fact, I don’t believe the district has any part time employees other than interns. The majority of employees that left were seasoned, full time, fully invested employees that, in some cases had been at the district over 20+ years. The reason the district pays what it does is because they are/were seeking the best in their respective fields.
No, I have no idea what the staff is made up of, but any organizing has newbie's and part-timers I don't think any company runs without them. I'm just saying that it might just be that the majority that have left might just fall into that category and those with the skill, may still be liking the paycheck and are willing to wait it out to see what happens. If some of them have left and Disney gets RCID back I don't think it was take very much to talk them into coming back.

It would be the part-timers and the lower rung workers that might have gone simply because of the park pass change that being the primary reason why they wanted to work there to begin with.
 

mikejs78

Premium Member
Yea, I know but that doesn't mean that the scope of RCID, should it return, needs to be as extensive as it was before. It probably will not be done that way anyway, just a thought about what might lay ahead, if Disney wins and old puddin fingers is still in office.

The clauses in the bond contracts state that the district will have certain powers, and those powers were guaranteed by the FL legislature. That's one of the reasons why the original plan for dissolving the district didn't work and they had to basically keep the district as is (with minor modifications) but replace the board with a governor-appointed board.

So basically the district has to exist, and it has to have relatively the same authority, until all the bonds have been paid off which is at least 20 years away if I recall.
 

lazyboy97o

Well-Known Member
Yea, I know but that doesn't mean that the scope of RCID, should it return, needs to be as extensive as it was before. It probably will not be done that way anyway, just a thought about what might lay ahead, if Disney wins and old puddin fingers is still in office.
If Disney prevails in court then yes, things do just go back as they were because the original enabling legislation would be the legislation back in effect. The state legislature would have to pass new legislation to again modify the district but again still in a way that conforms with the bond requirements.
 

lazyboy97o

Well-Known Member
I did a tiny bit of digging. The latest expiration date/date of maturity for the last remaining bonds is 2038. So the District is going to be around for at least 15 more years.

And there's the scary reminder that we are closer to 2040 than 2000.
That’s why you pull a Robert Moses and issue new bonds that get tied up with existing bonds and so on and so forth.
 

Goofyernmost

Well-Known Member
The clauses in the bond contracts state that the district will have certain powers, and those powers were guaranteed by the FL legislature. That's one of the reasons why the original plan for dissolving the district didn't work and they had to basically keep the district as is (with minor modifications) but replace the board with a governor-appointed board.

So basically the district has to exist, and it has to have relatively the same authority, until all the bonds have been paid off which is at least 20 years away if I recall.

If Disney prevails in court then yes, things do just go back as they were because the original enabling legislation would be the legislation back in effect. The state legislature would have to pass new legislation to again modify the district but again still in a way that conforms with the bond requirements.
OK, I guess then it will be all or nothing, at least, for the next 15 years. It will likely be longer then that because they will surely float some new bonds between now and then won't they?
 

flyakite

Well-Known Member
Here are highlights from the Orlando Sentinel article that is behind a pay wall:

………….

Glen Gilzean, a close DeSantis ally, landed a $400,000-a-year job leading the district, which provides government services to Disney World. His candidacy was helped by Michael Sasso, a DeSantis-appointed board member who also was the best man in Gilzean’s wedding over the summer.

As administrator, Gilzean selected Paula Hoisington, chairwoman of the Central Florida Urban League’s board, to serve as his chief of staff at the tourism oversight district. Public records show she started at an annual salary of $195,000 and was recently promoted to deputy district administrator, getting a $55,000-a-year raise.

Ronald Haag, a legislative aide to former state GOP Rep. Fred Hawkins, was brought in to serve as Gilzean’s executive assistant.

Hawkins, R-St. Cloud, sponsored the legislation overhauling Disney’s special district. He’s since left the Legislature, landing a job to lead South Florida State College despite having no experience in higher education.

The district also hired Brandy Brown, who worked as director of strategic initiatives in DeSantis’ office. Public records show, though, that she only worked briefly as the tourism oversight district’s director of external affairs before leaving. The district did not respond to questions about her departure.

“CFTOD [Central Florida Tourism Oversight District] appointing those they believe are qualified for certain positions isn’t cronyism,” Jeremy Redfern, a DeSantis spokesman, said in an email. “Cronyism is a local government that served as a Corporate Kingdom for over 50 years. The ‘criticism’ from the cronies indicates that the District is doing the right thing.”

Most recently, the district backpedaled on a $242,500 no-bid contract awarded to a DeSantis’ appointee to help upgrade the 911 network. That work went to Freddie Figgers, who served alongside Gilzean on the Florida Commission on Ethics.

The district also agreed to pay conservative George Mason University law professor Donald J. Kochan $110,000 to help produce a report and make recommendations to the Florida Legislature.

The district’s purchasing rules include competitive bidding exceptions for consultants and experts hired to prepare reports for the legislature.

The DeSantis-aligned board hired Washington-based Cooper & Kirk, agreeing to pay its lawyers $795 an hour. One of the partners in that law firm is Adam Laxalt, a longtime friend of DeSantis who was hired to lead the Never Back Down super PAC supporting the governor’s presidential campaign.

Lawson Huck Gonzalez, which was founded by three legal heavyweights earlier this year, bills $495 an hour. The firm’s founders include Alan Lawson, a retired Florida Supreme Court justice; Paul Huck Jr., once called the “godfather of the Federalist Society in Miami”; and Jason Gonzalez, who’s advised DeSantis on judicial picks.

Two of the district’s board members — Chairman Martin Garcia and Charbel Barakat — listed Jason Gonzalez as a reference on their Senate confirmation documents.

…………….
 

Stripes

Premium Member
I will do my own research, but anybody know if these are reasonable permit fees/how they compare with the previous ones?
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