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The maintenance fees will be a function of whether the structure of TV current amenities remains the same. Experience has shown that when residents do in fact take over managing the developement, cost do increase as they allow for more non budgeted "wants" of residents. The developer kept that in check while under his jurisdiction. As the wants increase, and they will, the costs increase and as a result there will be rate and fee increases or even special assessments. Under resident rule the game changes from meeting the devlopers objectives to one that is more political and special interest driven. |
So therefor, the increase(s) won't be to fund the wants of the people, but the wants and whims of the district supervisors. They are already dipping their toes into the amenities fund pool, testing the waters to see just how far they can go.
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Residents are also taxpayers and all one has to do is reflect on what the history of federal and state government programs and then brace yourself for the ride. I get very nervous when a resident(s) demand indoor pools, stripping of multi-modal paths etc.
I am sure there are some folks here that are well healed and spending is not an issue. While others live the philosophy of my last dime gone on my last breath. But I believe for the majority living on saved income that does little or nothing to replenish itself requires discipline and sound money management. I mean I didn't sacrifice my entire working life to foolishly throw my money away on nonsense or based on "I want"rather than "I need" Some may think me foolish but my financial goal is to leave my kids much of my estate and for what I view as good reason. So I would hope that those in charge also embrace this concept. And to add to this unsettling equation is the possibility of some economic disaster that could wipe out retirees savings . Personal Best Regards: |
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If they really wanted to correct it they would have explained that it is called an "amenities fee" and not an HOA fee. Also, that there is an annual "maintenance" fee paid with the Nov tax bill. Instead we got a terse answer.
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Reading some of the comments, it appears many think the districts have a say in the amenities fee. After being schooled yesterday regarding the powers of the districts, I came away with the understanding that the amenities and fees are owned and controlled by the developer, until the developer sells off a majority of its commercial property, which I doubt will ever happen. So why the discussion regarding the resident elected district representatives catering to special interests, etc., and driving up the amenities fees?
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