Quote:
Originally Posted by mikeod
The amenities fee for new homes will be calculated so that the portion required for debt service will not approach a level that will threaten maintenance and improvements.
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How do you know that? Are you involved in any way?
I would like to see your figures and know your timelines.
With what I have there is a bump in the setting and use of amenity fees because the build out (final setting of amenity fees, i.e. the stream) will occur well in advance of purchase of all rec facilities (establishment of the debt). And my understanding is the establishment of debt is based on the full amenity stream, and not a combination of debt and maintenance.
Granted my analysis is ROM (rough order of magnitude). But I can refine it with more detail from you.
Please share your facts and figures and I will incorporate in the analysis.
Regardless, it looks like my $51,000 per home is a reasonable figure given the information I have. Would you agree?