[wootenre]

This is correct in my case, $164 to $175. I signed a contract on a preowned home in June 2021 and settled at the end of August 2021. When I called about my increase since I had only been here about 4 months I was told that it is not increased on the anniversary of your purchase date but the anniversary of the developer's purchase of the land.

[Goldwingnut]

Originally Posted by wootenre

This is correct in my case, $164 to $175. I signed a contract on a preowned home in June 2021 and settled at the end of August 2021. When I called about my increase since I had only been here about 4 months I was told that it is not increased on the anniversary of your purchase date but the anniversary of the developer's purchase of the land.

This is a first, and it makes absolutely no sense. The developer may purchase the land in some cases more than a decade in advance of building and may transfer the land between any number of holding or shell companies that they own before the actual original sale of the home occurs. IF this were in fact the date that was to be used then every home between 466 and 466a would have the same anniversary date for the increase, the same would hold true for all the homes in Fenney-DeSoto, and Brandford-Chitty Chatty-Hawkins-St Catherine-Citrus Grove-Cason Hammock, CDD9-10, and so on.

I'm going to reach out to the District staff in the morning and get the correct answer for what date is used for the CPI adjustment. I'll share it when I get the information.

[dewilson58]

Originally Posted by Goldwingnut

This is a first, and it makes absolutely no sense.

Agree.

My Covenants states the month of Contract of Sale of Homesite.

[HIgolfers]

Originally Posted by Goldwingnut

This is a first, and it makes absolutely no sense. The developer may purchase the land in some cases more than a decade in advance of building and may transfer the land between any number of holding or shell companies that they own before the actual original sale of the home occurs. IF this were in fact the date that was to be used then every home between 466 and 466a would have the same anniversary date for the increase, the same would hold true for all the homes in Fenney-DeSoto, and Brandford-Chitty Chatty-Hawkins-St Catherine-Citrus Grove-Cason Hammock, CDD9-10, and so on.

I'm going to reach out to the District staff in the morning and get the correct answer for what date is used for the CPI adjustment. I'll share it when I get the information.

Will be interested in what you find out Goldwingnut.

We bought new construction and closed on March 28, 2017. Looking back at my bills, my amenity fee has increased each year on Jan 1. Went from 145 in 2017, 148.19 in 2018, 151.42 in 2019, 154.53 in 2020, 156.35 in 2021, 167 in 2022.

[Goldwingnut]

I've looked back on my own Amenity Fee for the almost 8 years I've lived here, the fee has gone up every March, the same month my home was put on the market by the developer.
The CPI that is used is based on the previous 12 months, not the calendar year, so the amount of increase will vary from month to month but eventually over time it all works out to be the same amount.
The inflation of the past year has really hit hard.
The CPI adjustment isn't very accurate and usually falls short of actual inflation (politics - can't inflation look too bad), the Developers annual adjustment of the prevailing rate that has been made for the last few years is a much more accurate measure of how much the cost to operate the facilities has gone up. With the CPI adjustments, we continue to lose ground on the budget for amenities, the reset to the prevailing rate on a home resale helps make that gap up.
Had we not dropped the deferral rate a few years ago, the amenity budget would be in the red by about $5 million this year and increasing each year.

[Rainger99]

[QUOTE=Goldwingnut;205521
I'm going to reach out to the District staff in the morning and get the correct answer for what date is used for the CPI adjustment. I'll share it when I get the information.[/QUOTE]

Do they use a rolling CPI or a yearly CPI? A rolling CPI would be the inflation for the previous 12 months so a person who bought in July, 2021, CPI would be calculated for the 12 months ending June 30, 2022. A yearly CPI would be the CPI for 2021. If you use the latter, everyone’s CPI would be the same. If you used a rolling CPI, there would be 12 different CPIs.

[Goldwingnut]

Originally Posted by Rainger99

Do they use a rolling CPI or a yearly CPI? A rolling CPI would be the inflation for the previous 12 months so a person who bought in July, 2021, CPI would be calculated for the 12 months ending June 30, 2022. A yearly CPI would be the CPI for 2021. If you use the latter, everyone’s CPI would be the same. If you used a rolling CPI, there would be 12 different CPIs.

Didn't I just answer this in the previous post?
It's the rolling 12 month CPI.

[CWGUY]

Originally Posted by Goldwingnut

Didn't I just answer this in the previous post?
It's the rolling 12 month CPI.

You did. Some of us read it. I don't think he did! I'm always amazed how many didn't ask these questions before buying. Hence my new avatar and my signature.

[donfey]

Originally Posted by Rainger99

Does that mean that it will not go up to $179 for those of us who currently own?

Just paid mine - $179. Not a new owner.

[rustyp]

My Dec 2021 amenity bill was $155.00. Dec 2021 raised to $169.53, That equals a 9.4% increase. I can not find a rolling 12 month CPI to equal 9.4%. What am I missing ? Not complaining simply seeking education.

[Goldwingnut]

Originally Posted by rustyp

My Dec 2021 amenity bill was $155.00. Dec 2021 raised to $169.53, That equals a 9.4% increase. I can not find a rolling 12 month CPI to equal 9.4%. What am I missing ? Not complaining simply seeking education.

I went checking my email from the District Staff, they provide the CPI adjustments to us (District Supervisors) every month. Most homes have a CPI adjustment every year and apparently some have it based on the 3 year rolling CPI (I'm checking on this also this morning). Here's the body of several of the emails I've received on CPI adjustments:

Jan 21,2022
The following is being forwarded to you at the request of Anne Hochsprung…
Please note the change in the Consumer Price Index – All Urban Consumers, Not Seasonally Adjusted, US City Average, All items is as follows:
For the one year period December 2020 – December 2021, CPI increased by 7.036%.
The three year CPI increase from December 2018 – December 2021 was 10.973%
This increase will be used to adjust Amenity Fees for those properties with an February 2022 anniversary date.
Please let me know if you would like any additional information.

Excerpts from other similar emails:

For the one year period October 2020 – October 2021, CPI increased by 6.222%.
The three year CPI increase from October 2018 – October 2021 was 9.373%

For the one year period September 2020 – September 2021, CPI increased by 5.390%.
The three year CPI increase from September 2018 – September 2021 was 8.664%

For the one year period August 2020 – August 2021, CPI increased by 5.251%.
The three year CPI increase from August 2018 – August 2021 was 8.495%

For the one year period July 2020 – July 2021, CPI increased by 5.365%.
The three year CPI increase from July 2018 – July 2021 was 8.332%

For the one year period June 2020 – June 2021, CPI increased by 5.391%.
The three year CPI increase from June 2018 – June 2021 was 7.821%

For the one year period May 2020 – May 2021, CPI increased by 4.993%.
The three year CPI increase from May 2018 – May 2021 was 6.998%

I have many more months of these numbers, but these are a good example of how the rolling 12 month average CPI is changing.

Not knowing your exact address, it is impossible to say what CPI was applied to your previous Amenity Fee amount was. As the adjustments are made at an accuracy of 5 decimal places (% + 3 decimal places) I find it absolutely amazing that your previous Fee was exactly $155.00, the odds on such a round number occurring must be so astronomically small. Stranger things have happened...

[rustyp]

[QUOTE=Goldwingnut;2055456]I went checking my email from the District Staff, they provide the CPI adjustments to us (District Supervisors) every month. Most homes have a CPI adjustment every year and apparently some have it based on the 3 year rolling CPI (I'm checking on this also this morning). Here's the body of several of the emails I've received on CPI adjustments:

BINGO - My amenities fee reach the magic $155 and were locked at $155 for at least three years. Now that they lifted the top stop it appears they are imposing the three year rolling CPI to catch up on the frozen period. To me that's akin to a retroactive law being passed - dirty pool !

That's like the IRS changing the tax brackets and applying the changes backwards 3 years and adding it to this years tax bill.

[rustyp]

Originally Posted by Goldwingnut

I went checking my email from the District Staff, they provide the CPI adjustments to us (District Supervisors) every month. Most homes have a CPI adjustment every year and apparently some have it based on the 3 year rolling CPI (I'm checking on this also this morning). Here's the body of several of the emails I've received on CPI adjustments:

Jan 21,2022
The following is being forwarded to you at the request of Anne Hochsprung…
Please note the change in the Consumer Price Index – All Urban Consumers, Not Seasonally Adjusted, US City Average, All items is as follows:
For the one year period December 2020 – December 2021, CPI increased by 7.036%.
The three year CPI increase from December 2018 – December 2021 was 10.973%
This increase will be used to adjust Amenity Fees for those properties with an February 2022 anniversary date.
Please let me know if you would like any additional information.

Excerpts from other similar emails:

For the one year period October 2020 – October 2021, CPI increased by 6.222%.
The three year CPI increase from October 2018 – October 2021 was 9.373%

For the one year period September 2020 – September 2021, CPI increased by 5.390%.
The three year CPI increase from September 2018 – September 2021 was 8.664%

For the one year period August 2020 – August 2021, CPI increased by 5.251%.
The three year CPI increase from August 2018 – August 2021 was 8.495%

For the one year period July 2020 – July 2021, CPI increased by 5.365%.
The three year CPI increase from July 2018 – July 2021 was 8.332%

For the one year period June 2020 – June 2021, CPI increased by 5.391%.
The three year CPI increase from June 2018 – June 2021 was 7.821%

For the one year period May 2020 – May 2021, CPI increased by 4.993%.
The three year CPI increase from May 2018 – May 2021 was 6.998%

I have many more months of these numbers, but these are a good example of how the rolling 12 month average CPI is changing.

Not knowing your exact address, it is impossible to say what CPI was applied to your previous Amenity Fee amount was. As the adjustments are made at an accuracy of 5 decimal places (% + 3 decimal places) I find it absolutely amazing that your previous Fee was exactly $155.00, the odds on such a round number occurring must be so astronomically small. Stranger things have happened...

Definitely the rolling three year Oct 2018 to Oct 2021 was used. See my response in the above post #72. What designates when they use the 12 month or rolling 3 year CPI. How long will they use the rolling 3 year in my case ?

[wlasowicz]

I just got my bil.l At first I thought my water usage was high by my tenant but looking closely my amenity went up about $21.00. To many The Villages is a utopia's ,any small negative talk about the Villages they look at you badly. The villages is not a cheap place to live and its not getting any better. Its a far cry from when old an Morse started the place. My understanding was Morse said you can buy a place in the sunshine play golf and able afford it off your social security check

[dewilson58]

Originally Posted by wlasowicz

My understanding was Morse said you can buy a place in the sunshine play golf and able afford it off your social security check

It's my understanding Elvis performed at Brownwood last night.