Amenity fees

Amenity fees

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Amenity fees
  #1  
Old 04-13-2019, 07:25 AM
Bowtorc Bowtorc is offline
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Default Amenity fees

The raising of fees brings to mind a few questions:

There was no mention of such a need two years ago when we purchased. Now they can see 10 years ahead?
What are the monies used for by item?
With a 70 million dollar budget I was expected to have a cost reduction program. What has been done in the villages?
Will we all be paying for new facilities south of 44?
The contract we signed when purchasing was no good? So I can decide also what I want to change, like bond?
The presentation for raising rates stated that failure to raise would result in a loss of 50 million. It could very easily be taken to mean we would be 50 in the hole. This should be a prediction of our current status in 10 years.
I seriously doubt that anyone can predict ten years ahead!
Are we allowed to see a line item of past and future budget and actual?
Are we being asked for such a large raise in anticipation of all settling for something less?
I understand that 40 50 dollars per month would be no problem for some but a significant problem for others A 25 % increase for such a short term seems a little much.
I also understand that some will take issue with my concerns but I think several others would also agree.
Just my opinion.

A
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  #2  
Old 04-13-2019, 07:33 AM
collie1228 collie1228 is offline
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Your questions are mostly valid and I share some of your concerns, but I'm curious as to where the "25% increase" comes from. I'm no expert, but it is my understanding that the overall cap on amenity fees was being considered for elimination. Correct me if I'm wrong, but my understanding is that the amenity fee cannot be increased in any year by more than the Consumer Price Index (CPI), which at current CPI rates, would take over ten years to increase by the 25% you mention.
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  #3  
Old 04-13-2019, 07:37 AM
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rjm1cc rjm1cc is offline
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I think when you move into a community you have to understand how it works and I would expect costs to increase over time. Both due to inflation and increased wants by the residents. Look at the fees as real estate taxes helping to support just your community (Villages) and not the whole county.
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  #4  
Old 04-13-2019, 07:38 AM
Bowtorc Bowtorc is offline
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I was intending to compare the increase for ten years for the increase over the last ten years . A poor choice of words on my part
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  #5  
Old 04-13-2019, 07:48 AM
Bowtorc Bowtorc is offline
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I don't disagree about cost going up just the amount that could possibly come to be.
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  #6  
Old 04-13-2019, 08:05 AM
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graciegirl graciegirl is offline
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It is my understanding that this is being considered only in the area that sued the developer and won control of running that area.

Not in any area south of 466. Champion, Bogie Shooter, CWGuy? Am I wrong or right?
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  #7  
Old 04-13-2019, 08:21 AM
tophcfa tophcfa is offline
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I have no problem with the cap being removed as long as annual increases are limited to the CPI. Expenses go up, it's life. I just wish that other costs like health care, food, gas, data plans, greens fees, insurance, etc... could also never go up more than the CPI.
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  #8  
Old 04-13-2019, 08:40 AM
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dewilson58 dewilson58 is offline
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Simple, if you cap the fees and costs continue to grow..........the assets are going to go down in quality.


I guess some want this.


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  #9  
Old 04-13-2019, 08:54 AM
Clubberjones Clubberjones is offline
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If the executive golf courses are an amenity and I believe they are. The quality has already diminished.
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  #10  
Old 04-13-2019, 08:59 AM
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Mikeod Mikeod is offline
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Quote:
Originally Posted by graciegirl View Post
It is my understanding that this is being considered only in the area that sued the developer and won control of running that area.

Not in any area south of 466. Champion, Bogie Shooter, CWGuy? Am I wrong or right?
Nope. It is being considered by both areas.
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