Quote:
Originally Posted by iaudit
Simple example. Let's say there is $100 collected in amenity fees. Current principal and interest for tax free bonds is $50. $50 is left to maintain amenities. If higher interest taxable bonds are issued and the principal and interest is now $55, that leaves only $45 to maintain amenities.
In the second scenario, a prudent buyer of the amenities (Central District) would reduce the amount paid for amenity facilities so that the principal and interest payment would remain at $50, leaving the remaining $50 to maintain the amenities at their current level.
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When you get free unlimited access to 32 golf courses, 100 pickle ball courts 90 tennis courts 65 swimming pools a multitude of rec centers in a safe community where home values were relatively stable during a downturn and are rising now with some of the nicest folks in the world for $145 a month I would say that is a fair deal. If you feel it us not a fair deal, someone will step up to buy your place. Your home is worth a lot more than other places because of these amenities so even if there was a settlement and amenity fees were raised, we are still way ahead of the game. I gave you previous examples of home values in other areas which no one wants to touch.