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

[DisneyDave54321]

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

Right. Rule of perpetuity says contract dealing with land can’t be perpetual, hence the need to hang it on something determinate like someone’s life. But the choice of King Charles is the trolling part. They could have picked anyone.

 

[afterabme]

Also, important to remember that the Florida legislature is still in session until May. It’s not all of the possibility that the house or the senate could introduce new legislation regarding potential dissolution of the cities, or further legislation relating to the district.


Also a good Twitter thread from a lawyer in Maitland:

 

[Disney Glimpses]

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

View attachment 707197

Is there a link to the full document?

 

[JohnD]

Is there a link to the full document?

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

 

[GrumpyFan]

You have to wonder what Iger knows of this?
I assume he approved it?

 

[MisterPenguin]

But the choice of King Charles is the trolling part. They could have picked anyone.

Well, they are defending a Kingdom.

 

[castlecake2.0]

You have to wonder what Iger knows of this?
I assume he approved it?

Oh I’m sure he’s sitting at home laughing right now

 

[Ayla]

Source: https://www.wftv.com/news/local/pow...XFYXTOFKKQMLXY/?taid=642483accb00fe0001d94b76

The IRONY of them saying, out loud, Disney tried to be King...good god, you can't make this stuff up.

 

[SoFloMagic]

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.

This is all absolutely hilarious.

 

[Figgy1]

Wait, So the new board couldn't bother to show up or send representatives to a public meeting of what they were taking over? Would that be considered lazy, ignorant, just plain stupid? All of the above?
Also Disney: Our lawyers are smarter than your lawyers

 

[Sirwalterraleigh]

I struggle to see what standing the new board has to sue and on what grounds they would try to sue on. There's essentially a contract in place and contract law puts the burden of proof on someone trying to avoid a contract. Essentially the only way they could do it is if the contract was not legal at the time it was signed, or if there was a breach of contract.

In this case, the agreement looks to be legal according to Florida law. As was said earlier, these types of agreements are common, and are specifically called out in Florida law.

As far as breach of contract, they would have to show that Disney did not live up to any provisions in the contract that place constraints around Disney.

Other than PR, making a lot of noise, and wasting a lot of money ( which is probably the point ), I don't see this having any teeth.

They don’t need grounds

…they need an “in the tank” network of Judges

 

[Sirwalterraleigh]

The money is coming from Disney. Disney is now paying to sue themselves. And they have no say in how that money is spent.

It’s disgusting.

Don’t worry about the Money…
…they’ll not build stuff and charge us for it to make it back

 

[Fido Chuckwagon]

Well played Mickey, well played.

 

[lazyboy97o]

They wanted to have to make Florida sue them.

This doesn’t make Florida sue them. It’s the District that’s considering litigation at Disney’s expense.

 

[floydbeatle]

It's funny, except that it's a distraction Disney doesn't need.

 

[SaucyBoy]

 

[lentesta]

I was

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.

I was there and can vouch for its openness.

 

[Disney Glimpses]

It's funny, except that it's a distraction Disney doesn't need.

I think it's a distraction that DeSantis needs even less and one that I think he wished was buttoned up by now considering what he is planning.

 

[HistoryLesson]

King Charles III is not the King of England. He is King of the United Kingdom of Great Britian and Northern Ireland.

Tha last King of England Was WILLIAM III who died in 1702. There hasn't been a King or Queen of England longer than there has been a United States of America.

 

[BaconPancakes]

King Charles III is not the King of England. He is King of the United Kingdom of Great Britian and Northern Ireland.

Tha last King of England Was WILLIAM III who died in 1702. There hasn't been a King or Queen of England longer than there has been a United States of America.

You actually created a new username for this? What past member are you?