On July 18^th, the First District Court of Appeal finally issued an opinion in the law suit involving taxation of some 2,400 residential leaseholds on Pensacola Beach. In keeping with other decisions, they ruled against the leaseholders. This time the panel wrote a 15 page opinion versus just affirming the lower court ruling. Here is a link to the opinion:

http://opinions.1dca.org/written/opinions2011/07-18-2011/10-2050.pdf

There is much to be sorted out about any option for appeal to the Florida Supreme Court. Our attorneys are considering our options. Expect an update next week.