Quote:
Originally Posted by KeepingItReal
The bond interest is charged a year in advance and billed to you in the fall for the coming year. Once July passes you are locked and must pay next year's interest even if you pay it off. You also pay a $107 administrative fee every year along with the nearly 7% interest on the bond amount which goes down only a couple hundred or so each year for quite a while.
In one of the article Janet Tutt said the amenity fee would not increase if the bond issue comes out adversley. How is that possibly correct if already the legal fees are being paid from amenities fees?
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Good question!!!! Sure would seem like that money has to come from somewhere, so they must be cutting back on some service in order to pay it.