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dbcolli
02-11-2018, 10:31 PM
I have a family member visiting me and his feelings are for what we are getting for the $149 a month is too good to be true and is being subsidized by the new home sales and once build out happens the fees are going to rise big time.
Can someone please explain the process, I feel he is wrong.

manaboutown
02-11-2018, 10:52 PM
Might want to check out how much of the amenity fee goes to debt service.

rjm1cc
02-11-2018, 10:54 PM
You should look at the annual budget. How much is the builder putting in. Divide that by the new homes to be built. If the answer is less than you are paying now he is wrong.

manaboutown
02-11-2018, 11:08 PM
Over 50% to debt service?

Polar Bear
02-12-2018, 12:43 AM
...once build out happens...
Build out is not going to happen in any of our lifetimes...probably much, much longer in the generally accepted meaning of the term imho. So whether your family member is right or not is a moot point.

biker1
02-12-2018, 05:58 AM
While there have been many developments where the monthly fees have been subsidized by the Developer to make the homes look more attractive during the sales process and the subsidy goes away when the Developer pulls out, that scenario is not true for The Villages. If you want more information/clarification I suggest you contact John Rohan. Also, note that increases in your amenities fee (the name of the $149/month fee) is limited by the CPI.

I have a family member visiting me and his feelings are for what we are getting for the $149 a month is too good to be true and is being subsidized by the new home sales and once build out happens the fees are going to rise big time.
Can someone please explain the process, I feel he is wrong.

graciegirl
02-12-2018, 06:42 AM
While there have been many developments where the monthly fees have been subsidized by the Developer to make the homes look more attractive during the sales process and the subsidy goes away when the Developer pulls out, that scenario is not true for The Villages. If you want more information/clarification I suggest you contact John Rohan. Also, note that increases in your amenities fee (the name of the $149/month fee) is limited by the CPI.

You are right. YOU ARE RIGHT.

graciegirl
02-12-2018, 07:12 AM
My new pace maker is keepin' up this morning but I need coffee.

Goldwingnut
02-12-2018, 07:34 AM
You're visiting family member does not know or understand the intricacies of how The Villages amenities are owned and operated.

First and foremost the developer now has very little to do with the amenities in the established areas north of SR44, with the exception of the championship golf courses all amenities north of SR44 to CR466 are owned by the Sumter Landing CDD and from CR466 north by the Village Center CDD. Both of these CDDs have land owner elected supervisors who are responsible for their operation with resident elected representatives from either PWAC and AAC provided direction. Because of interlocal agreements the two amenity bodies effectively operate as one to prevent any preferential or differential treatment of residents from any area of The Villages with regard to amenity usage. So any impact from "buildout" would be unnoticed. "Buildout" would be tantamount to the developer saying they are giving up their multi-billion dollar business, closing the doors, and vanishing as TV is their primary business and income source, I just don't see it happening.

As has already been mentioned the budgets for the amenities are all now publicly available on the district web site. If you review them in detail, I have, you'll see no developer involvement except for the CDD12 (Fenney/VOSO) amenities operation costs, if and when they decide to sell these to the CDD this would also go away. A substantial portion of the fees do go for debt service to cover the purchase of the amenities, this will also eventually go away as the bonds are paid. There are substantial capital reserves for maintenance and replacement of the facilities and a significant amount is allocated to routine maintenance and upkeep.

With the 2016 purchase of the amenities between CR466 and SR44, the only surprise was that the developer had been contributing to cover the cost of production and distribution of the weekly recreations insert in the newspaper. While this was portrayed in certain on-line media sites as a massive cost increase and started an ongoing debate of the usefulness of the weekly distribution, the basic cost per copy has stayed relatively constant. The differences in carried costs by SLCDD and VCCCD is principally due to not having the developer contribution. When the development company owned the bulk of the amenities it was a profit (this is not a bad word!) center for them and they invested in the production and distribution to encourage utilization. Since they sold all the amenities to the CDDs now, they have only a minor interest and appear to be aggressively focusing on their primary business of developing the world's premier retirement community.

The amenities system here in TV is financially sound and will outlast most, if not all, of the current residents unless we as the residents decide to do something stupid to radically change a working system.

NYGUY
02-12-2018, 12:26 PM
Build out is not going to happen in any of our lifetimes...probably much, much longer in the generally accepted meaning of the term imho. So whether your family member is right or not is a moot point.

That is the answer.

billethkid
02-13-2018, 08:35 AM
You're visiting family member does not know or understand the intricacies of how The Villages amenities are owned and operated.

First and foremost the developer now has very little to do with the amenities in the established areas north of SR44, with the exception of the championship golf courses all amenities north of SR44 to CR466 are owned by the Sumter Landing CDD and from CR466 north by the Village Center CDD. Both of these CDDs have land owner elected supervisors who are responsible for their operation with resident elected representatives from either PWAC and AAC provided direction. Because of interlocal agreements the two amenity bodies effectively operate as one to prevent any preferential or differential treatment of residents from any area of The Villages with regard to amenity usage. So any impact from "buildout" would be unnoticed. "Buildout" would be tantamount to the developer saying they are giving up their multi-billion dollar business, closing the doors, and vanishing as TV is their primary business and income source, I just don't see it happening.

As has already been mentioned the budgets for the amenities are all now publicly available on the district web site. If you review them in detail, I have, you'll see no developer involvement except for the CDD12 (Fenney/VOSO) amenities operation costs, if and when they decide to sell these to the CDD this would also go away. A substantial portion of the fees do go for debt service to cover the purchase of the amenities, this will also eventually go away as the bonds are paid. There are substantial capital reserves for maintenance and replacement of the facilities and a significant amount is allocated to routine maintenance and upkeep.

With the 2016 purchase of the amenities between CR466 and SR44, the only surprise was that the developer had been contributing to cover the cost of production and distribution of the weekly recreations insert in the newspaper. While this was portrayed in certain on-line media sites as a massive cost increase and started an ongoing debate of the usefulness of the weekly distribution, the basic cost per copy has stayed relatively constant. The differences in carried costs by SLCDD and VCCCD is principally due to not having the developer contribution. When the development company owned the bulk of the amenities it was a profit (this is not a bad word!) center for them and they invested in the production and distribution to encourage utilization. Since they sold all the amenities to the CDDs now, they have only a minor interest and appear to be aggressively focusing on their primary business of developing the world's premier retirement community.

The amenities system here in TV is financially sound and will outlast most, if not all, of the current residents unless we as the residents decide to do something stupid to radically change a working system.

Since the concern is based on "buildout" there is no need to be concerned.
I am compelled to make the following statement when ever there is ANY inference to residents being in control:

Beware the day of the residents running The Villages.

Wiotte
02-13-2018, 08:50 AM
I have a family member visiting me and his feelings are for what we are getting for the $149 a month is too good to be true and is being subsidized by the new home sales and once build out happens the fees are going to rise big time.

Can someone please explain the process, I feel he is wrong.



The amenity fee is tied to the national inflation rate. The builder has nothing to do with it.


Sent from my iPhone using Tapatalk

Goldwingnut
02-13-2018, 09:50 AM
Since the concern is based on "buildout" there is no need to be concerned.
I am compelled to make the following statement when ever there is ANY inference to residents being in control:

Beware the day of the residents running The Villages.

Billethkid your knowledge appears to be way out of date. 49 of the 50 CDD supervisors in CCDs 1-10 who are responsible for running The Villages are residents and were elected by the residents of The Villages, CDD 11's supervisors are transitioning to residents/resident elected with the first two to be elected in the upcoming November election. Also the AAC and PWAC members who are responsible for the administration of the amenities north and south of CR466 are all also full time residents of The Villages and elected by the residents. The only say the developer has is in CDD 12, the commercial districts, and the championship golf courses.

The inmates running the asylum seems to be working pretty good for the last 30 years.

GoodLife
02-13-2018, 09:59 AM
Billethkid your knowledge appears to be way out of date. 49 of the 50 CDD supervisors in CCDs 1-10 who are responsible for running The Villages are residents and were elected by the residents of The Villages, CDD 11's supervisors are transitioning to residents/resident elected with the first two to be elected in the upcoming November election. Also the AAC and PWAC members who are responsible for the administration of the amenities north and south of CR466 are all also full time residents of The Villages and elected by the residents. The only say the developer has is in CDD 12, the commercial districts, and the championship golf courses.

The inmates running the asylum seems to be working pretty good for the last 30 years.

Goldwingnut: Your accurate answers are always appreciated.

CFrance
02-13-2018, 07:45 PM
Goldwingnut: Your accurate answers are always appreciated.
I agree.

Also, a bit off topic, but... we've lived in condos twice, with association fees. You can't get better amenities for your money than we have here in TV.

rustyp
02-14-2018, 06:54 AM
Billethkid your knowledge appears to be way out of date. 49 of the 50 CDD supervisors in CCDs 1-10 who are responsible for running The Villages are residents and were elected by the residents of The Villages, CDD 11's supervisors are transitioning to residents/resident elected with the first two to be elected in the upcoming November election. Also the AAC and PWAC members who are responsible for the administration of the amenities north and south of CR466 are all also full time residents of The Villages and elected by the residents. The only say the developer has is in CDD 12, the commercial districts, and the championship golf courses.

The inmates running the asylum seems to be working pretty good for the last 30 years.

Oh boy I recall several of our residents promised to leave the day the inmates took over. How can this be ?

It amazes me how many people live here and don't know how the place works. Why not attend The Resident Academy. It is an excellent program that gives an overview of most departments and how they work here in The Villages. You even get a tour of a Fire Dept and Sewage Treatment plant.

Marathon Man
02-14-2018, 07:46 AM
Oh boy I recall several of our residents promised to leave the day the inmates took over. How can this be ?

It amazes me how many people live here and don't know how the place works. Why not attend The Resident Academy. It is an excellent program that gives an overview of most departments and how they work here in The Villages. You even get a tour of a Fire Dept and Sewage Treatment plant.

Spot on!! I highly recommend Resident Academy.

fromct
02-14-2018, 07:54 AM
And as long as that tired cliche is out in the open, let's give it a thorough thrashing: Who provides the blood,sweat and tears needed to make allof the activities possible that create the mystical 'lifestyle' that allegedly brings people here in the first place?? You guessed it - volunteer RESIDENTS. Imagine what the amenity fees would be if those were paid positions or, conversely, how many of them would be eliminated because of the small numbers of people who would support them (even if they could find people who would run them)? Yes, the developer built the facilities and the CDD's maintain them, but, IMO, the RESIDENT volunteers make the amenities possible.........

graciegirl
02-14-2018, 08:03 AM
And as long as that tired cliche is out in the open, let's give it a thorough thrashing: Who provides the blood,sweat and tears needed to make allof the activities possible that create the mystical 'lifestyle' that allegedly brings people here in the first place?? You guessed it - volunteer RESIDENTS. Imagine what the amenity fees would be if those were paid positions or, conversely, how many of them would be eliminated because of the small numbers of people who would support them (even if they could find people who would run them)? Yes, the developer built the facilities and the CDD's maintain them, but, IMO, the RESIDENT volunteers make the amenities possible.........


I so agree. There are many, many, many dedicated people who are responsible for the many crafts and arts and exercise and dance and self help and other classes too numerous to mention and never take a penny for their time. Some have done it for years and earn the love and respect of the many people who have benefited from their tutelage and dedication.

There have been a few who tried to make money doing it, but it isn't allowed.

KSSunshine
02-14-2018, 08:25 AM
And as long as that tired cliche is out in the open, let's give it a thorough thrashing: Who provides the blood,sweat and tears needed to make allof the activities possible that create the mystical 'lifestyle' that allegedly brings people here in the first place?? You guessed it - volunteer RESIDENTS. Imagine what the amenity fees would be if those were paid positions or, conversely, how many of them would be eliminated because of the small numbers of people who would support them (even if they could find people who would run them)? Yes, the developer built the facilities and the CDD's maintain them, but, IMO, the RESIDENT volunteers make the amenities possible.........

I think the cliche is "It takes a Village"! No one group is successful without efforts of another. We help each other out to create a positive environment for us and others. We build of the successes and failures of others, learning from both and moving forward.