Amenities Fee

[alemorkam]

read in todays Daily Sun that there is a proposal to cap the amenities fee at 155.00 so that all residents will end up paying the same fee monthly, unlike now where they vary. sounds good to me.
:agree:

[villages07]

Ale.... The article today, page C9, wasn't totally clear. As I recall past discussion on this issue, there were some inconsistencies where existing homeowners were paying more in amenity fee than the prevailing rate for new construction. This occurred when an existing homeowner's anniversary month coincided with spikes in inflation.

I think what they are trying to do is ensure that no existing homeowner pays more than the prevailing rate for new construction. The current amenity fee for new construction is $145.

This action affects relatively few homeowners.

Also, if you purchase a resale, even if you are moving from elsewhere in TV, you will pay the prevailing ($145) amenity fee on your home, regardless of what you or the prior owner was paying before.

It is NOT an attempt to have everyone pay the same fee. That would be a noble goal but would violate the amenity contract homeowners signed when they bought.

[aljetmet]

read in todays Daily Sun that there is a proposal to cap the amenities fee at 155.00 so that all residents will end up paying the same fee monthly, unlike now where they vary. sounds good to me.
:agree:

We just bought a lot Wed. 4/18 in Fernandina and the fees were indicated to currently be $145

[keithwand]

We just bought a lot Wed. 4/18 in Fernandina and the fees were indicated to currently be $145

We are in Fernandina too. What street are you on?

[villages07]

We just bought a lot Wed. 4/18 in Fernandina and the fees were indicated to currently be $145

You are quite right, current fees are $145. I tried to find the minutes/agenda/etc where I read something about a fee increase, but, to no avail. I will edit my post to reflect $145 as current. Thanks for the real scoop.

But, I'm still pretty certain that the issue discussed in today's paper was not to levy the identical fee to all existing and new residents. Those only paying $110 or so would not be happy!!!

[rubicon]

Something tells me that residents are about to take a beating again

[villages07]

Something tells me that residents are about to take a beating again

Not sure what facts lead you to think this way. Amenity fee increases for existing residents are capped each year to CPI with a not to exceed % ... Don't recall right now if that was 3% or 5%.

I found the reference to latest "prevailing" rate ... march Amenity Authority Committee meeting minutes:

"Ms. Tutt addressed an e-mail that was forwarded to the Board advising the Developer’s prevailing rate would increase from $135 to $145 effective April 1, 2012. This increase will not impact current residents but will only be applied to new home sales and re-sales. "

Anyway, fee increases are inevitable, but, protections are in place to ensure that they will not be astronomical. All in all, it's a pretty reasonable fee for what you get. I know many condo owners who pay $500+ monthly for HOA fees.

[swrinfla]

Based on the following data and for what it's worth, I endorse an eventual cap to our amenity fee, which has been tied to the Consumer Price Index each year!

For my Sunset Pointe property:
02/05 - 08/05 115.00
09/05 - 08/06 118.68 +3.2%
09/06 - 08/07 123.54 +4.1%
09/07 - 08/08 126.50 +2.4%
09/08 - 08/09 133.61 +5.6%
09/09 - 08/10 130.79 -2.1%
09/10 - 08/11 132.41 +1.2%
09/11 - date 137.21 +3.6%

Whatever, friends from all over are astounded that our fees remain so low!

SWR
:beer3:

[rubicon]

Not sure what facts lead you to think this way. Amenity fee increases for existing residents are capped each year to CPI with a not to exceed % ... Don't recall right now if that was 3% or 5%.

I found the reference to latest "prevailing" rate ... march Amenity Authority Committee meeting minutes:

"Ms. Tutt addressed an e-mail that was forwarded to the Board advising the Developer’s prevailing rate would increase from $135 to $145 effective April 1, 2012. This increase will not impact current residents but will only be applied to new home sales and re-sales. "

Anyway, fee increases are inevitable, but, protections are in place to ensure that they will not be astronomical. All in all, it's a pretty reasonable fee for what you get. I know many condo owners who pay $500+ monthly for HOA fees.

Spoken like a true politician....trust me. A raise here a raise there and pretty soon your talking about serious money

[zcaveman]

There can be no amenity fee raises above the CPI. It is in the deed restrictions. All they are doing is trying to cap the amenity fees at $150. I have been here since 2001 and I have gone from $105 to $129. It will take me a while to get to the $150 cap if they set it at that.

The ones that win are those that signed and agreed to the CPI raise and going to be capped early.

I think that the big problem is what is going to happen after there is a loss of income to the amenity fund by the capping of the fees. I think that the original plan for amenity fees was okay. Why do you want to change it?

Is your problem that some are paying less then you? Or that down the line someone will pay more than you?

As TV grows so does the expenses.

Think about it and pay your fair share.

Please!!

Z