Increase in Amenities Fee
 

Just looked at our Sumter Landing CDD-RAD bills for the past few months (deducted automatically from our bank). I was surprised to see that our amenities fee had increased by 4% (from $130 on March 1 to $135.20 on April 1.)

I'm wondering if this happens automatically each year? I'm sure it's in the "fine print" somewhere. Does anyone out there know what the deal is with increases in monthly amenities? (Probably V07!)

Re: Increase in Amenities Fee
 

When I first moved here almost 5 yrs ago, it had just gone up to $105 from $99. It had been $99 for years from what I understand. Now mine is reassessed every January and I am currently paying about $116. I'll have to check my next bill. I personally don't see a need for going up every year - it's just greed.

Re: Increase in Amenities Fee
 

Amenities fees are based on the CPI, and adjusted from time to time, yearly I think. It should be spelled out in your declaration of restrictions.

Re: Increase in Amenities Fee
 

I hate to be the contrarian since i don't have a dog in the fight yet but I can't see how TV is kept to the standards it is on ONLY $130 or so per month. I doubt that it is 'greed'. TV might be a completely different place if it wasn't for the structure of fees that are imposed.

Re: Increase in Amenities Fee
 

TV is a big place with a tremendous amount of amenities. The developer doesn't pay for the amenities, the homeowners (and tenants via rent) do. As costs increase, so do amenity fees and don't forget the reserves that must be in place for replacement roofs, road and path maintenance, etc. I've yet to live in a development that had a homeowners association that didn't go up annually. I consider it the nature of the beast.

I'm not a fan of the Morse family, mainly because I've never been a fan of benevolent dictators. At the same time, I accept they have a right to make a profit from their concepts and hard work. This time around, though, I don't think greed is a factor. Rather, I think it is simple need.

Re: Increase in Amenities Fee
 

When you buy (new or resale), you are assessed the amenity fee in place at that time. So, BF,you probably pay more than your neighbors who are original owners.

I went back and looked at my 7 page "Declaration of Restrictions" document from my closing in Aug 2006. I had remembered hearing that the amenity fee increase was limited to no more than 3% per year. However, I could not find that spelled out in any of the legal docs. Disclaimer....the following is based on my docs....every neighborhood (especially those in place for many years) can be different.

Section 4.1 of my declarations....(paraphrased) monthly fee is based on cost of living for month of sale as reflected in CPI Index, US average of items and food. The month of sale establishes anniversary. Annual adjustments shall be proportional to % increase or decrease in above CPI index. "Adjustments not used on any adjustment date may be made any time thereafter"

So, given increasing costs in food, oil, etc I'm not surprised that the fee has gone up by 4%.

All that being said, $135/month is still a bargain for all the amenities available to us.

What is still a mystery to me, and, I can't find anywhere on the web....is the amentiy fee budget development process or any docs that break down all fees (guest fees, room rental, etc) collected by the amentiy division and a list of outgoing expenses. Also, where is their capital plan, e.g. who decides when it is time to renovate saddlebrook rec center and at what cost. Kahuna...where are you when we need you??? Can you enlighten us?

Re: Increase in Amenities Fee
 

good question v07 unfortunately I don't have the answer but look forward to finding out if the annual budgeted/actual expenses are made public and if so where. GN

Re: Increase in Amenities Fee
 

The amenties fees go directly to the developer and since he is a private corporation he does not have to open his books to anyone; therefore no public record of how the money is spent. He owns the golf courses and the pools and uses the money to maintain these facilities. I was told this by the main office.

DRD

Re: Increase in Amenities Fee
 

True drdodg!!! :agree:
Most don't realize that "The Family" wasn't putting a cent onto any maintenance fund and lost a 40 million dollar lawsuit on the old side. Thanks to the POA!!!!Or when the developer left we would of had a mess!! :o
Also, on the street where I live with patio villas we all have very different amenity fees from $129 to $146 going up every year. People can't understand why we all don't pay the same amount. Two couples moved and have bought in Stonecrest and pay a much lower fee which is the same for everybody. It includes their lawn mowing and garbage and hasn't gone up in awhile.
I agree with Rewitch that we get alot but I support the POA. I just had my house resided and I did not know a thing was wrong!! :o
About the greed comment, there are business classes here at our state college which use this developer as an example of greed. Mainly for how he hurt the locals and the environment and the villagers have no say. We could really get screwed but as long as they keep trying to sell houses we will be OK. Do you realize how expensive those TV ads are?
Do you realize they get kickbacks from every bank,business etc.
But all said...we just need to work together and stay informed. The place is wonderful.

Re: Increase in Amenities Fee
 

I believe the amenity fees go to the district, not the developer.
I believe district owns the executive courses and the pools, not the developer.
I believe that new construction of exec courses, pools, rec centers, etc are built by the develpers and are sold to the district shortly thereafter.
I believe the developer owns the championship golf courses and leases their operation to others.
I believe the district is responsible for operation of the amenities, not the developer.

Just what I believe ! !

It's a great deal ! !

Re: Increase in Amenities Fee
 

charcam :agree:

But the districts are controlled by the developer.

Re: Increase in Amenities Fee
 

Chacam

What you are believing is wrong. Go to the main office and ask them who owns what . That is where I got my info.
DRD

Re: Increase in Amenities Fee
 

In 4 years my amenity fees have gone up $4.00. Not a bad deal when you look at other places and for what we get.

DRD

Re: Increase in Amenities Fee
 

Redwitch, the amenities fee has nothing to do with roof replacement or road repair and maintenance.
DRD

Re: Increase in Amenities Fee
 

so much information, so little time