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	Name:	8hcap -
	Subject:	Catherine
	Date:	3/5/2008 12:10:49 PM

The only things i have read on this subject is what has appeared on this board. However, just because zoninfg board has provenance over land use and site planning does not give it the right to collect property taxes. In Alabama I beleive property taxes are earmarked to education. Certainly the Board could charge application and inspection fees, etc.

Now, I understand Alabama has passed legislation to authorize Community Development Districts. These are common in Florida and are used to fund certain public improvements through a bond issue which is retired from property assessments imposed by the CDD. The CDD is treated as if it is a governmental entity and sunshine laws and the like apply.

Usually the CDD's are set up for a given neighborhood so I do not know if it would work for such a large area with diverse ownership. One thing I agree with Catherine concerns the placement of Russell and Al Power representatives on the board. If they are in the minorith, however it might not be too bad. Obviously, some of their self interest aligns with other property owners.

8