Quote:
Originally Posted by Mr.Kris
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?
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I am in no way involved in the process of setting fees. Part of this discussion is apparently semantics. You call the $51K figure debt where I would term it a financial obligation that involves both debt and service fees for use of the facilities.
While the original homeowners had relatively low amenities fees, as these properties changed hands the fees were automatically raised to the same level as new home purchasers. Thus the amenity stream was enhanced. While the amount the fee can be raised each year is capped, there is no such cap on the fee paid by the purchaser of a new or resale home. Thus, the amenity stream can be increased without violating the cap. I believe the fee will be calculated to ensure sufficient funds to cover both debt and maintenance/refurbishment.