If you follow the money here is where we are:
The AAC (amenities council north of 466) put on hold the vote to not allow executive trail fees as part of a championship priority pass.
The PWAC (amenities council south of 466 chairman Don Wiley) voted to unanimously accept the developers 11 page proposal.
What is the financial part of the proposal the developer put on the table :
- Developer will not include executive trail passes as part of championship priority pass. An esitimated revenue increase to the amenities councils of $375K/yr
- in return the amenity councils will pay the developer $220K/yr for reservation system service fee plus $7200/yr for trail pass service fee.
The net result is the residents south of 466 got a "projected win" of $37957 from the developer.
If the ACC (amenity council north of 466) accepts they will have a projected win of $34293.
This battle was fought for a net win of less than 20% the cost of one new home here in TV.
Now here is the $64K question (happens to be slightly less than the total "windfall") what if the ACC votes no ? Than does the PWAC owe the Developer all of the $220K + $7.2K increases.
Maybe the POA can help explain this better because I'm at a loss for why we poked the bear.
Last edited by rustyp; 02-15-2022 at 03:02 PM.
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