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

[Dranth]

This doesn’t fully prevent the Board from interfering. It protects a lot but not everything.

True, but is significantly changes the outlook compared to what many of us thought was possible. Assuming it all holds up of course.

 

[Fido Chuckwagon]

I’m trying to piece together a map of what land the District actually owns. Most land within the borders are owned by Disney or affiliated companies, they just use the District for municipal services. The District can’t just all of a sudden decide they want to build a Desantisland Motor Inn on the side of World Drive. Most of the undeveloped bubble surrounding Disney is still owned by Disney.

Does RCID have eminent domain powers?

 

[GrumpyFan]

This is savage.... Well played.
View attachment 707184

Whoever crafted that is Expert Level troll. Or, just a REALLY GOOD attorney!

 

[castlecake2.0]

It all makes sense now why Disney was “prepared to operate in these new conditions” with such little fight

 

[Surferboy567]

Apparently it wasn’t aware when the publicly open meetings discussing these matters were being held.

If they really cared about Reedy Creek maybe they should of shown up to the meetings.

…or you know READ THE DOCUMENTS. Just spitballing here.

This seems to be turning into a messy court battle.

 

[EeyoreFan#24]

Well then. Now it’s getting interesting.

 

[wdwmagic]

It all makes sense now why Disney was “prepared to operate in these new conditions” with such little fight

It really does now all seem to make sense. Disney must be slightly amazed that it took the new board this long to find this out, especially given it was all public.

 

[Fido Chuckwagon]

Why only 30? Why not 100 or 200 years?
This way the technology will eventually exist to safely thaw Walt's head, clone him a new body then he can reclaim control of his company!

Rule against perpetuities lol. Haven't seen that since Law School. 21 years past the existence of some life in being. It's hilarious that they chose King Charles youngest descendant.

 

[GrumpyFan]

Is there anywhere online we can go to read the final meeting minutes and the agreement passed?

 

[JohnD]

This is savage.... Well played.
View attachment 707184

It basically says:

1. This agreement shall exist in perpetuity
2. If that doesn't work, then until 21 years after the death of the last survivor of the descendants of King Charles III (i.e. the Royal line dies out. What's stated above would only go about 100 years or so ("21 years after the death of the youngest current descendant", if born today, for example)
3. And only then if WDW gives up all land within 10 miles of the property

 

[afterabme]

It really does now all seem to make sense. Disney must be slightly amazed that it took the new board this long to find this out, especially given it was all public.

The people who work in the general counsel‘s office for the governor of Florida and the general counsel for the district probably were caught off guard about this.

 

[lazyboy97o]

Does RCID have eminent domain powers?

Yes.

Is there anywhere online we can go to read the final meeting minutes and the agreement passed?

Document Library_bak - Central Florida Tourism Oversight District

CFTOD Utilities Ethics Policy Resolution

www.rcid.org

 

[Big_Shakalaka]

It really does now all seem to make sense. Disney must be slightly amazed that it took the new board this long to find this out, especially given it was all public.

You give the new board and DeSantis too much credit. This whole scheme of theirs was pure revenge, and often revenge plots are not well thought out.

 

[JohnD]

It really does now all seem to make sense. Disney must be slightly amazed that it took the new board this long to find this out, especially given it was all public.

You have to admit, in the two board records in January and February, the RCID goes out of its way to show that the meetings were properly noticed. Having formerly been on a MUCH smaller condo board, every meeting had to be given proper public notice, even to the residents of the condominium association.

 

[lazyboy97o]

Here's the statement from the Governor's office.

"The Executive Office of the Governor is aware of Disney's last-ditch efforts to execute contracts just before ratifying the new law that transfers rights and authorities from the former Reedy Creek Improvement District to Disney. An initial review suggests these agreements may have significant legal infirmities that would render the contracts void as a matter of law. We are pleased the new Governor-appointed board retained multiple financial and legal firms to conduct audits and investigate Disney's past behavior."

Wouldn’t ratification be the governor signing the legislation which occurred like a month afterwards?

 

[JohnD]

Right. The King Charles part is just next level legal sh*thousery. Just fantastic. It also guarantees that the press picks up on this and is embarrassing for Desantis

It's two different documents, actually. The development agreement is 30 years. The "Declaration of Restrictive Covenants" is in perpetuity.

 

[GrumpyFan]

It basically says:

1. This agreement shall exist in perpetuity
2. If that doesn't work, then until 21 years after the death of the last survivor of the descendants of King Charles III (i.e. the Royal line dies out. What's stated above would only go about 100 years or so ("21 years after the death of the youngest current descendant", if born today, for example)
3. And only then if WDW gives up all land within 10 miles of the property

Where can we see the full document?

 

[Coaster Lover]

Iger and the Board right now...

 

[JohnD]

Where can we see the full document?

https://www.rcid.org/document/4783/

 

[Kamikaze]

It all makes sense now why Disney was “prepared to operate in these new conditions” with such little fight

They wanted to have to make Florida sue them.