[Goldwingnut]

Originally Posted by ctmurray

I attended the AAC meetings where the removal of the deferral rate was discussed. A presentation was given with a breakdown of how many homes paid which amount for their amenity fee. It was mentioned that there are a small number of homes with the guarantee of a very low amenity fee for as long as the home stayed owned. If I recall correctly, these are all (?) in the historic district (or in early Spanish Springs homes). And this was an early sales tool used to get customers. So the staff could then project going forward with the CPI increases, knowing which homes had these sweetheart deals. The rest of us did not have any such language in their contracts. Will be interested to hear how many take up your offer.

You are incorrect on any guarantee being made of the amenity fee. The statement was that there were approximately 20 residents north of CR466 with an amenity fee less than $140 and that these were mainly in the older original areas sections of The Villages.

There is nothing in any of the deed restrictions for the early units (or any other) that puts any limits on the Amenity Fee. This is another Urban Legend long circulated by uninformed residents. I've attached the relevant sections of these areas deed restrictions. The terms of these have basically remained unchanged for 50 years with respect to the CPI adjustments. What has changed, in the resident's favor, is the requirements for agreement on adding additional amenities, going from a 2/3 super majority agreement to a 1/2 simple majority agreement.