[Goldwingnut]

The was an error in the POA article, the current Deferral Rate for areas north and south of CR466 is $155 not $145. The correct amount is stated later in the article. Your rate can be any where up to $155 depending on when you purchased and the CPI adjustments since. The Prevailing Rate of $159 is what has been established for all new sales and resales after 1 October. According to the information received by PWAC last month the $159 will also be the Defferal Rate for those under this new higher rate until a new/higher Deferral Rate is established by the AAC/PWAC.

As the POA article stated in approximately 4 years the Deferral Rate impact will be sufficient that amenities costs will be greater than the fees collected. Then we have a budget crisis on our hands. We either have to adjust the Deferral Rate higher or start deficit spending like the federal government. This is why the AAC and PWAC will be having a joint meeting in 2019 to discuss and establish a new Deferral Rate or possibly even eliminate the Deferral Rate altogether.

The costs for amenities continue to rise every year due to rising labor, material, and energy costs. There is no profit or greed factor in these costs on the operating level as all the amenities properties north of 44 are now government owned and operated. The developer does not control or operate the amenities north of 44 and has no say in the budgeting process for these costs.

The amenities rates going up is inevitable for that there is no doubt. This will of course raise the most commotion and noise because it will hit everyone in the wallet and is the most visible. The real battle that needs to be fought and people need be more in tune with is WHO establishes the rates, the developer or we as the residents through our representatives on the AAC and PWAC. It is a complex issue with many moving parts involved but as a resident and district supervisor my opinion is that we, the residents who pay for and use the amenities, should be in control of this critical portion of our community.