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Re: Increase in Amenities Fee
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Re: Increase in Amenities Fee
I can't wait to pay $145.00 for unlimited golf on many executive golf courses, and all the pools. It cost me more than that just to maintain my pool every month, during the summer up here in Ga. My golf membership (1) course is 150 per month and we call it the cow pasture, I'm just counting the time until it's my wife and mine time to join yall.
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Re: Increase in Amenities Fee
When I talked to the CDD office a few weeks back, they explained that the developer sells the amenities AND the revenue stream from the fees to the CDD. The CDD, as a governments unit, issues a bond to pay the developer up front for the . You all know about the bond! So, according to them, the CDD receives the bond payments that are collected through your taxes as well as the amenities fees to service the bond and to pay for upkeep. That's the word I got.
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Re: Increase in Amenities Fee
:agree:
In the CDD orientation, held every week on Thursday At the Sumter CDD Office, That is What happens in all the districts. |
Re: Increase in Amenities Fee
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Be like DickY. Go to the CDD orientation. Until y'all know the facts, these discussions sound like an Obama rally. |
Re: Increase in Amenities Fee
Ouch! The former owners of my house are CDD district directors elected by homeowners and they told me that!! It is suppose to be independent but they have stories! I have been to a CDD orientation!
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Re: Increase in Amenities Fee
I don't love the Morse family but our fees have only gone from $119 to $127 in three years and we are due for an increase in August, our anniversary date. After talking to friends about other places with a lot less amenities, I don't mind if the fees go to $135 and am just glad that we have so much to do here for so little a fee! :bigthumbsup:
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Re: Increase in Amenities Fee
Amenities fees are used to pay for the upkeep of recreational facilities. The Deed Restrictions document outlines the Amenity process and the rate. Basically, if you are a new home owner, the amenity fee is frozen for the first three years. After that they go up annually based on the Consumer Price Index (CPI). The entire process and amount of the raises are outlined in your Deed Restrictions. In my deed restrictions, it is outlined in sections 4.1, 4.2, and 4.3. The start of your amenity fees is the date of the contract for purchase of the lot. I am not sure but I think the contract signing date of the original house is used for pre-owned homes.
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Re: Increase in Amenities Fee
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Re: Increase in Amenities Fee
z, we purchased a new home several years ago and amenity fee has increased every year starting on the first anniversary.
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Re: Increase in Amenities Fee
Z...
Mr Nut is correct...somewhere in the past couple of years the deed restrictions docs were changed to allow for annual increases. I had heard that the docs used to say 3 years and you have confirmed that that was the case. I assume, but, I could be wrong, that if someone bought your neighor's house that they would assume a current amenity rate and an updated deed restriction that enables annual adjustment. |
Re: Increase in Amenities Fee
OK 07, since when have I been known as Mr Nut, have you been talking to my wife??
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Re: Increase in Amenities Fee
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Sorry. |
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