[Mr.Kris]

The amount of debt added to each home based on the purchase of recreation facilities, that is.

The amount is $51,480 per home, regardless of model, based on my estimate. The computation is quite simple it turns out.

Since the recreation facilities are valued on the amenity stream, you multiple $143 (amenity payments) times 12 months (payments per year) times 30 years (life/value of the bonds).

I can�t estimate when the $143 amenity fee will no longer be sufficient to service the bonds and pay for maintenance, repair, and improvements to the recreation facilities because I do not have a time-line for purchase/bond issue nor do I have estimates for maintenance, repair, and improvement costs. But, as more recreation facilities are purchased more of the amenity fees will be used for bond/debt maintenance. When I have more clarity I will let you know.

If you disagree I would love to hear your logic and see your figures.

Also, if no one is interested I'll keep my analysis to myself.

[Mikeod]

You're figures make the assumption that 100% of the amenities fee is going toward the bonds' principle and interest. That is not correct. Much of the fee goes toward running the amenities, not paying for them. I don't know the exact percentage, and expect it is probably different between VCCDD and SLCDD.

[Mr.Kris]

Originally Posted by mikeod

You're figures make the assumption that 100% of the amenities fee is going toward the bonds' principle and interest. That is not correct. Much of the fee goes toward running the amenities, not paying for them. I don't know the exact percentage, and expect it is probably different between VCCDD and SLCDD.

In the beginning that is true. The amenity fee will cover the cost of the initial rec facilities and maintenance, etc. But as more rec facilities are purchased more of the amenity fees will be used for debt maintenance.

If the bonds/purchase is based on amenity stream, at some point you run out amenities to pay for maintenance.

[Bogie Shooter]

Originally Posted by Mr.Kris

The amount of debt added to each home based on the purchase of recreation facilities, that is.

The amount is $51,480 per home, regardless of model, based on my estimate. The computation is quite simple it turns out.

Since the recreation facilities are valued on the amenity stream, you multiple $143 (amenity payments) times 12 months (payments per year) times 30 years (life/value of the bonds).

I can�t estimate when the $143 amenity fee will no longer be sufficient to service the bonds and pay for maintenance, repair, and improvements to the recreation facilities because I do not have a time-line for purchase/bond issue nor do I have estimates for maintenance, repair, and improvement costs. But, as more recreation facilities are purchased more of the amenity fees will be used for bond/debt maintenance. When I have more clarity I will let you know.

If you disagree I would love to hear your logic and see your figures.

Also, if no one is interested I'll keep my analysis to myself.

What do I now do with this information?

[Mr.Kris]

Originally Posted by Bogie Shooter

What do I now do with this information?

Probably nothing. But I assume some others may be interested.

[beekman]

If you want a nice community with outstanding amenities to enjoy each resident must pay for it. There is no free lunch in any community in the USA which offers things like we enjoy. You are paying for them so go and enjoy them!

[Mr.Kris]

Originally Posted by beekman

If you want a nice community with outstanding amenities to enjoy each resident must pay for it. There is no free lunch in any community in the USA which offers things like we enjoy. You are paying for them so go and enjoy them!

Sorry folks.

I thought you would be interested in this information.

I'll use it for my own edification.

I'm done.

[janmcn]

Not every household in The Villages is paying $143 per month. That is the current rate if you are buying new or resale today, but the rate each household pays is based on where they started plus the annual increases. Some of the long time residents started out paying $50 per month.

[e-flyer]

Out of curiosity, considering annual increases, what is lowest amount folks are now paying for amenities?

[laceylady]

I don't know about the lowest, but we paid $145 on our new house in 2012. This year it went up to $147 and change.

[gomoho]

Originally Posted by Mr.Kris

Sorry folks.

I thought you would be interested in this information.

I'll use it for my own edification.

I'm done.

Don't take it personally. Everyone gets beat up on here - the nature of the beast. If you have interesting information don't hesitate to share there ae people that appreciate and are interested in it.

[Mikeod]

Originally Posted by Mr.Kris

In the beginning that is true. The amenity fee will cover the cost of the initial rec facilities and maintenance, etc. But as more rec facilities are purchased more of the amenity fees will be used for debt maintenance.

If the bonds/purchase is based on amenity stream, at some point you run out amenities to pay for maintenance.

The amenities south of 466 are still owned by the developer. The amenities fee for those districts goes to him. So, it is not being used for debt incurred from purchasing the facilities north of 466. Once the IRS situation is finished, the transfer/sale of those amenities can proceed and then a portion of the amenities fee will be used for debt service as well as maintenance. The amenities fee for new homes will be calculated so that the portion required for debt service will not approach a level that will threaten maintenance and improvements. The fee is not the same everywhere in TV due to those calculations coupled with the restriction in the amount it can be increased on current residents/owners.

[shcisamax]

Honestly, I was really very interested. I wasn't sure what I would do with it but I was fascinated with the exercise. And I am sorry people got on you. That happens all the time and I just hate it. I don't know why people can't just keep it to themselves if they aren't interested in something instead of being adversarial. grrrrr.

[travelguy]

I understand that the original buyers into The Villages paid something like $30.00 per month as an amenity fee, and that to make the offer more enticing there was a clause that would make it so that their payment would never go up and that it would reamin the same until they sold the property. This is now almost 50 years later, so I would assume that all of these purchasers are deceased.

[Mr.Kris]

Originally Posted by mikeod

The amenities fee for new homes will be calculated so that the portion required for debt service will not approach a level that will threaten maintenance and improvements.

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?