[Goldwingnut]

The deferral rate is (was?) $155 for all areas, this is the maximum residents were to be charged for amenities. When you purchased your home, new or resale, you rate was set to the prevailing rate and then subject to annual increase based on the CPI changes, until you reached the deferral rate ($155) at which point it stopped increasing. Many of the older homes still pay a lower rate ($100-$120) because of this policy based on the last time they were sold, if they were to sell today the rate according to the memo that came out the new owner would pay $159.

Does this mean that the new homes/resales will be $159 + CPI adjust next year? We don't know. And what about the existing deferral rate? Another unanswered question.

At the October PWAC meeting this was discussed but no sensible, reasonable, or logical response was provided by the District Staff, the last word was that the lawyer for SLCDD was to provide a memo to explain this issue.

While I can see that the developer could charge new homes this new prevailing rate, I cannot see how this can be enforced on resales outside of District 12 where they have no ownership in the amenities after the 2016 sale of amenities between CR466 and SR44.

The topic of raising the deferral rate needs to be and is scheduled to be addressed by PWAC and AAC due to the large number of homes that are at or near the deferral rate. With so many homes topping out it is becoming more difficult to balance the amenities budget with rising costs for maintenance and day-to-day operations of the amenities. Without a rise in the deferral rate nearly every home south of CR466 will be at the limit in about 4 years (>60% are there now according to the finance department) and service would have to be cut to maintain a balanced budget. This won't affect the rate you are paying unless you are already at the $155 deferral rate. Those at the deferral rate would see a CPI based increase on their next anniversary date, just like those below the deferral rate.

Taking the original letter that was received at face value, it now appears that the AAC and PWAC actually have little to no control on the rates to be charged residents. It will be interesting to read the forthcoming memo from the lawyers on this topic.

Attached is the letter that was sent out to all CDD Supervisors.