Quote:
Originally Posted by Goldwingnut
The amenity fee will go up with the annual CPI adjustment, no more than that.
The money will come from the R&R (repair and replacement) fund, as it always does for this kind of work. That's what it's there for.
Additions to the R&R fund is included in every year's budget, as are withdraws.
The annual deferral rate was eliminated because prices continue to rise but revenue did not, we were 2-3 years away from having to withdraw from the R&R fund and apply it to the general fund budget just to cover operating costs (not adding additional to the R&R fund)
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Considering that The Villages (with just a few neighborhoods that have exceptions) doesn't have ANY HOA fees at all, and the amenity fee is still under $200 for everything you get, I'd say it's a pretty good deal. HOWEVER - I also think money is being mismanaged by the CDDs, who *appear* to sign off on any necessary emergency infrastructure needs, even when it's clear those needs are the result of inefficient workmanship. Which is, or should be, the Developer's responsibility.
I'm talking about things like water main collapses in areas that are under 10 years old. That shouldn't happen, and if it does, then the Developer should be handling that. They're the ones who arranged for those faulty pipes to be put there.