[golfing eagles]

Originally Posted by outlaw

You forgot the vig of 67M. Just kidding. The one thing I would point out regarding your analysis is either your estimates are waaaaay off, or some one is stashing a lot of moola, or both.

Exactly. But I'm probably way off, there may be a LOT of rec center salaries not accounted for. I know I'm pretty close on golf course and building maintenance from personal experience, but a lot of my post is supposition

[champion6]

This thread has quickly gone off track BECAUSE responders are mixing together expenses that are covered by amenities fees and other expenses that are covered by maintenance fees. The expenses must be kept separate because the regulations for raising amenities fees are different from those for raising maintenance fees. As we enjoy the beauty and all the offerings that TV has, it is difficult to notice "what pays for what."

[golfing eagles]

Originally Posted by champion6

This thread has quickly gone off track BECAUSE responders are mixing together expenses that are covered by amenities fees and other expenses that are covered by maintenance fees. The expenses must be kept separate because the regulations for raising amenities fees are different from those for raising maintenance fees. As we enjoy the beauty and all the offerings that TV has, it is difficult to notice "what pays for what."

Do you happen to know which services are covered by which fees?

[llaran]

Of course they will go up, doesn't everything!!! The real question is how much?

[billethkid]

If and or when the developer becomes uninvolved in the operations of TV, the discipline of not responding to the multitudes of requests to do one thing or another that is not done today, to add something that does not exist today, to eliminate one and and another, do side striping, do center striping, build MMP chat lanes and on and on and etc.

Once that dsicipline is gone the problems will really begin to mount and the fees and temporary assessments will follow......just ask anybody who has gone theough the transition from developer to resident operating of a community.

Potentially an even bigger surprise comes to light....the real number of activities or facilities or amenities the developer was subsidizing to keep fees low and attractive. Not saying that could happen here but I would not rule it out.

We should all hope the developer stays involved with the operations of TV for a very long time.

[golfing eagles]

Originally Posted by champion6

This thread has quickly gone off track BECAUSE responders are mixing together expenses that are covered by amenities fees and other expenses that are covered by maintenance fees. The expenses must be kept separate because the regulations for raising amenities fees are different from those for raising maintenance fees. As we enjoy the beauty and all the offerings that TV has, it is difficult to notice "what pays for what."

Looked at my invoices. My amenities fee is $145.66/month, so the 87 million/year figure is about right. The maintenance fee is on the tax bill with the bond, was about $700 for the year, which would add 35 million/year to the pot. I assume this type of maintenance goes for the public roads/sewers/water/electricity and not "amenities" like recreation

[Challenger]

Originally Posted by billethkid

If and or when the developer becomes uninvolved in the operations of TV, the discipline of not responding to the multitudes of requests to do one thing or another that is not done today, to add something that does not exist today, to eliminate one and and another, do side striping, do center striping, build MMP chat lanes and on and on and etc.

Once that dsicipline is gone the problems will really begin to mount and the fees and temporary assessments will follow......just ask anybody who has gone theough the transition from developer to resident operating of a community.

Potentially an even bigger surprise comes to light....the real number of activities or facilities or amenities the developer was subsidizing to keep fees low and attractive. Not saying that could happen here but I would not rule it out.

We should all hope the developer stays involved with the operations of TV for a very long time.

The history of so many HOA's and condo associations is filled with idiotic and self distructive activities. Usually those directors with real expertise and skill tire of running the organization and the conspirracy theorists and biggest loud mouths take over and create very toxic situations.

"The Developer" in TOTV has a incredibly large financial interest in seeing to the well oiled , efficient and high quality of life in the "bubble". It is my understanding that they own around 4million Sq ft of commercial property here , and as long as that is the case they have an enourmous incentive to protect what becomes our joint interest. The death of Gary Morse gves me great pause. Ofter the imperial families begin to fracture after the Monarch dies. That would not bode well for us. A sign that the family was selling the commercial package also would not bode well. Just the musings of one who has been through this stuff before, but on a much smaller scale.

[Barefoot]

Originally Posted by billethkid

If and or when the developer becomes uninvolved in the operations of TV, the discipline of not responding to the multitudes of requests to do one thing or another that is not done today, to add something that does not exist today, to eliminate one and and another, do side striping, do center striping, build MMP chat lanes and on and on and etc.

Once that dsicipline is gone the problems will really begin to mount and the fees and temporary assessments will follow......just ask anybody who has gone theough the transition from developer to resident operating of a community.

Potentially an even bigger surprise comes to light....the real number of activities or facilities or amenities the developer was subsidizing to keep fees low and attractive. Not saying that could happen here but I would not rule it out.

We should all hope the developer stays involved with the operations of TV for a very long time.

Absolutely true.

[bagboy]

Originally Posted by Challenger

The history of so many HOA's and condo associations is filled with idiotic and self distructive activities. Usually those directors with real expertise and skill tire of running the organization and the conspirracy theorists and biggest loud mouths take over and create very toxic situations.

"The Developer" in TOTV has a incredibly large financial interest in seeing to the well oiled , efficient and high quality of life in the "bubble". It is my understanding that they own around 4million Sq ft of commercial property here , and as long as that is the case they have an enourmous incentive to protect what becomes our joint interest. The death of Gary Morse gves me great pause. Ofter the imperial families begin to fracture after the Monarch dies. That would not bode well for us. A sign that the family was selling the commercial package also would not bode well. Just the musings of one who has been through this stuff before, but on a much smaller scale.

I mentioned this very thing a few months ago when the striping issue in District 4 arose, and the potential covering of the Hacienda pool. In my opinion, when and if the time comes that district boards have total control of our funds and decision making, the Villages lifestyle will drastically change for the worse. It makes no difference if those new decision makers are total idiots or intelligent PHd types. They'll be impowered to run our Villages the way "they" see fit.
I have seen the turmoil and destruction caused by HOAs and POAs first hand in two other states. And should that governing model whether by design or misfortune come to be in the Villages, I will consider my time as a Villager an absolutely wonderful experience, and move on.

[Bogie Shooter]

Originally Posted by outlaw

The idea is that once the non-existent build out occurs, the developer will not have incentive to keep the fees as low as possible to not turn off buyers of new homes. This is a common strategy with many developments. The developer in many developments will eat a lot of maintenance and other costs that would normally be the shared responsibility of all owners, with the idea of keeping HOA fees down while new home sales are active.

Just an idea...........not a fact!

[Bogie Shooter]

Originally Posted by golfing eagles

Do you happen to know which services are covered by which fees?

The following come's from the resident academy presentation.

♦Payment of the Amenity Fee is required through the Contract you signed when you bought your home. The contract requires you to adhere to the Declaration of Restrictions (Restrictions) for your unit/lot.
♦Amenity Fee is paid for in exchange for Amenity Services- it is a FEE FOR SERVICES
♦Depending on your Restrictions, your Amenity Fee increases every year or every three years.
♦Depending on your Restrictions, your Amenity Fee increase is based on when you purchased your property or signed your contract.
♦The Amenity Fee increase is based on the CPI and CAN NOT be increased greater than that amount each year (or every three years depending on your Restrictions).
♦The current rate for all new homebuyers is $145.00/month.
♦There is currently a deferral at $155.00 which means no resident pays more than $155.00 per month.

------------
VILLAGE CENTER
COMMUNITY DEVELOPMENT DISTRICT (VCCDD)
♦Recreation Amenities Division (RAD)
♦Funded through Contractual Amenity Fees Purchased from Developer.
♦Common Area Maintenance
♦Community Watch
♦Recreation Centers and Activities
♦Water Retention Areas
♦Gate and Postal Facility Maintenance
♦Executive Golf Courses

♦Water and Wastewater Services
♦Funded through User Fees.
♦LSSA and VCSA Utilities

♦Villages Public Safety
♦Funded through VCCDD Amenities Revenue, SLCDD Amenities Revenue, Developer Amenities Revenue, Lady Lake Assessments, Lake County Assessments, Sumter County Assessments and General Fund.
♦Provided to all residents in Lady Lake/Lake County and 11 Residential Numbered Districts.

----------------

♦Sumter Landing Amenities Division- (SLAD)
♦Funded through Contractual Amenity Fees which have been purchased from the Developer and Developer funding of amenity services for those amenity facilities owned by the Developer.
♦Common Area Maintenance
♦Community Watch
♦Recreation Centers and Activities
♦Water Retention Areas
♦Gate and Postal Facility Maintenance
♦Executive Golf Courses
♦Project Wide Maintenance

♦Villages Public Safety
♦Funded through Amenity Fees.
♦SLCDD provides funding to VCCDD for Villages Public Safety.

♦Lake Sumter Landing Assessment Program
♦Funded through assessments on properties in the SLCDD geographic area.
♦Provides the operation and maintenance costs for Lake Sumter Landing � sidewalks, landscaping, parking lots, d�cor, janitorial and Christmas decorations.

[JoMar]

Originally Posted by outlaw

The idea is that once the non-existent build out occurs, the developer will not have incentive to keep the fees as low as possible to not turn off buyers of new homes. This is a common strategy with many developments. The developer in many developments will eat a lot of maintenance and other costs that would normally be the shared responsibility of all owners, with the idea of keeping HOA fees down while new home sales are active.

We don't have an HOA so no HOA fees here.

[biker1]

Is that really necessary? You know what he meant.

Originally Posted by JoMar

We don't have an HOA so no HOA fees here.

[justjim]

Originally Posted by jayerose

when the development is built out?

thank you!

OP ask if the amenities fee would raise following build out. Answer: no more than the CPI (consumer price index) which is the cap.

As a side bar, OP the maintenance fee could be raised as needed by the District. Overall, I don't think the change in fees will be significant following build out.

[JoMar]

Originally Posted by biker1

Is that really necessary? You know what he meant.

I think so because there are people on here that believe the POA and VHA are traditional Homeowners Associations and that they have some input into the fees paid.