Quote:
Originally Posted by elevatorman
Am I right to say that the $160 Amenity fee the people south of 44 belongs to the developer? If the developer can supply the amenities for less than this fee the remainder goes into his pocket? This is a question I honestly do not know.
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Correct, they may make a profit from the amenity fees they collect south of SR44. The profit only starts to happen when nearly all the homes are sold, until then they have all the costs to shoulder but not all of the revenue from the sold home amenity fees. The first few years the amenities in the new areas are a loss for that portion of their business.
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Don Wiley
GoldWingNut (a motorcycle enthusiast not a gilded fastener)
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City of Wildwood
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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