golfing in the villages ???

[backwbowl]

:shrug:Who owns the executive courses???. Once the villages builds out, will the executive courses be sold?? Will we still pay monthly ammenity fees and golf as we do now. Or, will the executive courses once sold be open to the public with the same privileges and Fees set by new owners???

[graciegirl]

I don't know. If you believe what is written, we could all die from STD's before that happened.

[Bogie Shooter]

:shrug:Who owns the executive courses???. Once the villages builds out, will the executive courses be sold?? Will we still pay monthly ammenity fees and golf as we do now. Or, will the executive courses once sold be open to the public with the same privileges and Fees set by new owners???

Now do you really believe someone on TOTV will be able to answer, factually. Really?

[Challenger]

:shrug:Who owns the executive courses???. Once the villages builds out, will the executive courses be sold?? Will we still pay monthly ammenity fees and golf as we do now. Or, will the executive courses once sold be open to the public with the same privileges and Fees set by new owners???

Now do you really believe someone on TOTV will be able to answer, factually. Really?

Since when were knowledge and facts a requirement herein?

[Bogie Shooter]

[quote=Bogie Shooter;592903]

Since when were knowledge and facts a requirement herein?

My point exactly!:wave:

[ugotme]

Okay - you want knowledge and facts? Here it is:

Knowledge about the subject: NONE

Facts about the future of the courses: NONE

THERE YA HAVE IT !!!!


:censored:

[graciegirl]

Okay - you want knowledge and facts? Here it is:

Knowledge about the subject: NONE

Facts about the future of the courses: NONE

THERE YA HAVE IT !!!!


:censored:


There is nothing better than an honest person, with a bit of dry wit.

[ugotme]

There is nothing better than an honest person, with a bit of dry wit.


OH NO - GG called me honest! And did you say TWIT? Oh sorry - wit. Got it.

:wave:

[batman911]

My understanding is that the executive courses are owned by the community and the championship courses are owned by the developer. If that is true, what remains to be determined is how much the developer is currently contributing to maintenance of the executive courses and other amenities. That is the part that will need to be replaced with an increase in amenity fees after buildout if the facilities are to be maintained at current levels. I will be totally shocked if the fees do not increase after buildout (when/if it happens). I have ask developer representatives direct questions on this subject but never get a direct answer.

[mulligan]

The amenity fees can still only be increased annually by the CPI percentage increase.

[Mikeod]

North of 466 and the Pimlico/Belmont/Churchill exec courses are owned by the central CDDs. The other exec courses south of 466 are still owned by the developer. They will transfer to CDD ownership when the IRS situation is solved and the CDD can issue bonds to pay for them as well as the rec centers, etc. It has been stated there will be an AAC for south of 466 when that happens.

Part of your amenities fee covers the maintenance of the exec golf courses and that will continue when they are sold to the CDDs. There is a limit to the amount your amenities fee can increase, so I don't expect a wholesale increase when the transfer takes place.

As to the original question, in the beginning TV was advertising golf free for life which included the championship courses. Even though that changed later to exec courses only, there were/are some people who bought here under those rules and the developer has honored the original agreement for those people. That does not mean it is impossible for the CDDs to sell the exec courses sometime in the future, but that has not been their MO here.

The developer still has a great stake here even when all the homes are sold. Remember these are people who have done this for generations, and the kids and grandkids are still working here. And remember the developer still controls the central CDDs. Could he just decide they have made enough money and just let the place deteriorate? Sure, but why then buy more land like they did? I just don't see them as a hit and run enterprise. Rather I look at the quality of the community they have created and see a sense of pride in their work.

[mulligan]

Also, after turnover, the cdd's will be run by owner elected representatives.

[villages07]

Also, after turnover, the cdd's will be run by owner elected representatives.

Mulligan.... That is true for the numbered residential districts... CDD5, CDD3 etc. the numbered districts have a relatively limited scope of responsibility.

BUT, the two central districts, which manage and control the amenities and the amenity budget, are governed by supervisors who are elected by the commercial landowners...in effect, these supervisors are business people who tend to be colleagues of the Developer. They are NOT residents.

[EdV]

Great knowledgeable and factual answers from Mike and V07. Refreshing.

[rhood]

Also, after turnover, the cdd's will be run by owner elected representatives.

I hate to see that ! All they will do is mess it up !

[Bogie Shooter]

I hate to see that ! All they will do is mess it up !

Why do you say they will mess it up??

[batman911]

The amenity fees can still only be increased annually by the CPI percentage increase.

That can be changed. What if the choice is to fund the required maintenance or let the facilities deteriorate? I believe most would be willing to pay a little more to keep the facilities in good repair.

[gomoho]

Can a special assesment be levied? Not saying that is going to happen - just curious.

[Bogie Shooter]

Can a special assesment be levied? Not saying that is going to happen - just curious.

Shouldn't this be in ask an expert?