Quote:
Originally Posted by justjim
OP ask if the amenities fee would raise following build out. Answer: no more than the CPI (consumer price index) which is the cap.
As a side bar, OP the maintenance fee could be raised as needed by the District. Overall, I don't think the change in fees will be significant following build out.
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The answer assumes the replacement governing body (of the developer.....most likely residents) may well change those rules to allow increases beyond the CPI.
The maintenance fees will be a function of whether the structure of TV current amenities remains the same.
Experience has shown that when residents do in fact take over managing the developement, cost do increase as they allow for more non budgeted "wants" of residents. The developer kept that in check while under his jurisdiction.
As the wants increase, and they will, the costs increase and as a result there will be rate and fee increases or even special assessments.
Under resident rule the game changes from meeting the devlopers objectives to one that is more political and special interest driven.