
02-24-2021, 05:35 PM
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Join Date: Mar 2012
Location: Santiago
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Quote:
Originally Posted by Goldwingnut
The developer owns the amenities south of SR44, they are responsible for 100% of the maintenance and operating costs, including ANY expansion costs. If you live south of SR44 your amenity fee is paid to the developer. The developer in turn pays the SLAD (Sumter Landing Amenity Division) and RAD (Recreation Amenities Division) the operating costs incurred by the Recreation Department to staff and operate the facilities for them.
Here's a little secret you may have forgotten since moving into your little bubble, the developer is doing all of this to make a profit! It's a business for them. Profit is not a dirty word, it is the reality that allowed each and every one of us living here to be able to live here, if you think otherwise, you are only fooling yourself.
So, let's get back to the question at hand, who is paying for this expansion? The reality is that the developer is paying for it out of their profits. Some will argue that the residents are paying for this, in a way you are correct, you signed a contract and agreed to pay the amenity fee for as long as you live here, get over it! Did you amenity fee go up because of this? NO. If the majority of the residents asked for this expansion, only then could the amenity fee be raised, read your deed restrictions, this is in there. Since they didn't ask for the expansion, the residents will not be impacted or charged for the expansion.
Are the Amenity Fees from north of SR44 paying for any of this? NO. These funds do not support the amenities south of SR44 because their amenity contracts are owned by either the SLAD or the RAD, NOT THE DEVELOPER. The developer owns the facilities and the amenity contracts with the residents. The residents do not own the amenities, or the amenity fee contracts so the statement by O P that "...our Amenity fee is paying for this" is incorrect, it is not "our" money to spend. The O P's final statement is also both incorrect and little more than biased and unsubstantiated developer bashing.
Take the time to learn how the system works before complaining about it or making false and unfounded statements out of ignorance.
One last thought, you should feed damn lucky that these expansions are being done for you and at no cost to you. The developer has no obligation or requirement to do the expansions and could have just as easily said no to this work and you would have not known the difference.
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I don't think what you're saying is strictly accurate because the developer's profits have not been established yet. They will be established when he sells the facilities to some central district. So, it's quite likely that the more he has spent on these facilities, the higher their valuation will be when they are sold.
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