[QUOTE=Brawnwy123;1619000]
Quote:
Originally Posted by HIgolfers
Do the Amenity fees vary depending on when you bought your home or its purchase price?
I read an article in the paper or on THE VILLAGES NEWS (can't remember which) that said Amenity fees were going up to $159 for
Hi we met a couple selling their home,,,,,,,,,,,,, the are getting out and they said, from a good source, the increases are going to be huge, they are losing their butt on the over expansion and overbuilding in Fenney etc. So they will hit us up for more money to cover their losses?
We are planning to move as soon as we can and we know we will be selling at a loss. The all knowing Morse offspring has lost it and will be desperate as they not clearing their millions every month. So it goes, made a mistake coming here. We are sure we will lost 40 to 50 K, we bought when it was high. they are now flooding the market with homes, 'Sorry
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I'm sorry to tell you that the couple you spoke to and their "good source" have no clue what they are talking about.
As many of you may know I am a District Supervisor for CDD-10 and on the Project Wide Advisory Committee and have first hand dealings in with the budgets for the CDD, Project Wide Fund, and the Amenities Fund. I speak from the first hand knowledge from dealing with these issues and not hearsay or going by what my barber's sister-in-law's boy friend heard in the bathroom at World of Beer. I am neither pro or anti developer in sentiment, my leaning are purely for the best interests of the residents of my district. I have nothing to gain by serving as District Supervisor except helping to keep the community I purchased my retirement home the exceptional community it was, is, and hopefully will always continue to be.
First let's get clear what is happening to your amenities fees, NOTHING. They are limited in increases to the CPI increases identified in you deed restrictions. They are not going up to $159.
The prevailing rate was raised in October to $159. The prevailing rate is the base rate that a person who buys a new home or a resale will pay. It would be subject to CPI increases, just like every one else is, based on their deed restrictions. This does not affect any current owner's cost. The prevailing rate has increased many times over the last 30 years.
There is also an amenities rate known as the Deferral Rate, currently $155. This rate is the highest rate your rate can be raised to by the CPI adjustments. This rate impacts everyone who purchased before the adjustment to the prevailing rate in October. There is a joint meeting between the PWAC and the AAC scheduled for February to address the Deferral Rate as it is quickly leading to budget shortfalls that must be addressed as I have previously discussed.
The developer does not own the amenities north of SR44, they are owned by the governmental entity known as Sumter Landing Community Development District. The Developer and SLCDD do exchange some limited funds to cover the operating costs of those amenities staffed by Recreation Department personnel in CDD-12 south of SR44. The Developer get zero for the operations and amenities fees collected from home owners north of SR44, including those paying the new $159 prevailing rate. SLCDD, PWAC, and the AAC cannot arbitrarily raise the amenity rate current residents are paying, and neither can the Developer. The Developer cannot "hit us up for more money" as they have no avenue to do so.
The sales figures and the balance sheet of the development company are private information, it is a privately held not a publicly held company. There are very few residents who would have actual access to such information, and any that do would know enough of how The Villages operates that they would not make such a stupidly inaccurate statement as you are attesting to.
Your statement is riddled with inaccuracies and untruths. It clearly shows that it was written by one who is one of the many Developer Haters that troll this and other websites. If you decide to believe the drivel you've posted and are intent on selling and leaving The Villages, I wish you all the best and hope you someday find the utopia you seek.
Don Wiley
CDD-10 Supervisor and Chairman, PWAC member
__________________
Don Wiley
GoldWingNut (a motorcycle enthusiast not a gilded fastener)
A student of The Villages, its history and its future.
City of Wildwood
www.goldwingnut.com
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Carpe diem quam minimum credula postero
Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. -
Thomas Paine, 1/10/1776