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Originally Posted by JohnM
I forwarded my questions to Janet Tutt.
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Janet Tutt responded quickly:
"Are the fees being charged sufficient to maintain them into the future? The simple answer is = Yes. I believe the VCCDD is a perfect example, as we are putting over a million dollars a year into reserves annually.
Is the developer subsidizing the costs in order to sell houses? The simple answer is = no. The districts are self funded through amenity fees and other fees charged by the District.
What happens when the developer has no more houses to sell? Will the fees skyrocket? The simple answer, again is = no. Your amenity fees are tied to the CPI. And, the assessments are controlled through the resident elected board (and all will be transitioned – Districts 1 thru 4 are already resident qualified elector elected positions)."
And she welcomed additional questions...
John