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Old 12-22-2008, 08:36 PM
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Default Amenity fees

I wrote to the Pres. of the POA and he explained the Amenity fees to us..Hope this helps...

"New resident always pay a higher amenity fee than the highest fee charged current residents. That is just the way the administration decided to set the fee for new residents. The rationale is that no new owner should pay less than existing residents.

Then the fee is recalculated annually based on the CPI increase to the month in which the original sale of the property occurred (not the sale to you if you bought a re-sale; but, the original month in which the developer sold the property to the first owner). So, the recalculation may be different from house to house, even among owners who bought at the same time.

In addition, some people were offered incentives when purchasing their homes that fixed the amenity fee at the original level for 3 years with no increase. After 3 years the entire 3 year increase in the CPI was billed.

Also, some people on the historic side were grandfathered for much lower amenity fees that do not change. Very few of these arrangements are left as people pass on or move away.

Thus far this year, the CPI peaked in July and then declined afterwards. So, people with re-sets after July saw smaller increases than those in July and before.

Hope these comments help to explain this complicated issue"