Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#121
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I did read, did you? The amenity fees are tied to, and raised (or lowered) by, the CPI the month of the original purchase date of the property. The developer sets the amenity fee at the time of purchase, not thereafter.
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#122
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Before anyone disagrees they should consider whether they've lived in a city of 150,000 people or even 100,000 people. Believe me, it's much different than what we have here.
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The Beatlemaniacs of The Villages meet every Friday 10:00am at the O'Dell Recreation Center. "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800. |
#123
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So it seems the amenity fee is “set by the developer” but not controlled by the developer. EDIT: And then there is the decision to implement an amenity fee deferral rate by the VCCDD and SLCDD (as the RAD and SLAD upon recommendation by the AAC and PWAC). Some might consider that to be developer control of the amenity fee as well.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY Randallstown, MD Yakima, WA Stevensville, MD Village of Hillsborough Last edited by Bill14564; 03-14-2023 at 06:00 PM. |
#124
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As for the designer homes, here goes. Reason #1 - there were a handful of designer homes built in the last 18 months that have stressed the system with long design timelines and because of the level of customizations longer than average construction times. This has led to isolated homes still under construction in villages/areas that were otherwise complete. This led to difficulties of access and parking of construction vehicles and because of their isolated nature, inefficient manpower usage. To remedy this they've reduced the customizations allowed to get the crews all working in the same areas and not be spread across 4 or 5 villages. Reason #2 - many of the designer homes that were heavily customized and riveled or exceeded some premier homes. I've personally taken pictures of no less than 5 homes over 3000sqft and one over 4000sqft in the last year. With the release of premier homes coming and their higher price tag, allowing extensive customization of the designer homes (at a lower overall price) would erode the number of potential buyers of this new offering. Lowering the limits for customization for designer homes now raises the demand for premier homes. A business decision was made.
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Don Wiley GoldWingNut (a motorcycle enthusiast not a gilded fastener) A student of The Villages, its history and its future. City of Wildwood www.goldwingnut.com YouTube –YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions Carpe diem quam minimum credula postero Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776 |
#125
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[QUOTE=rustyp;2197719]What does this have to do with the developer? The CDD board of Supervisors would make that decision and the developer would have no say in the matter. With the exception of 2 supervisors on CDD13 all the supervisors in CDD1-13 are residents and not developer appointed (oops - Land Owner Elected).
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Don Wiley GoldWingNut (a motorcycle enthusiast not a gilded fastener) A student of The Villages, its history and its future. City of Wildwood www.goldwingnut.com YouTube –YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions Carpe diem quam minimum credula postero Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776 |
#126
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1. around the amenities - postal stations, gate houses, pools, rec centers - from the Amenity Funds (SLAD & RAD) 2. in common areas like the traffic circles on Morse & BV, and other major thoroughfares - this comes out of the PWF south of 466, north of 466 from the CDD1-4 individual budgets. 3. areas such as cul de sac, villa entries, and other minor areas in the individual CDD - directly from the CDD budget 4. town square areas - these are paid for by the maintenance assessments on the buildings (the occupying tenant businesses), these assessments are 10 to 12 times higher per square foot of floor space than is paid by the residents in the CDDs Item 1 - you pay for from your monthly amenity fees. Items 2 & 3 - you pay for from the residential maintenance assessments included in your annual property tax bill. Item 4 - you pay for out of the costs for every dinner, drink, dress, and bobble you purchase when you do business in the town squares.
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Don Wiley GoldWingNut (a motorcycle enthusiast not a gilded fastener) A student of The Villages, its history and its future. City of Wildwood www.goldwingnut.com YouTube –YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions Carpe diem quam minimum credula postero Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776 |
#127
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The developer owns all the amenities south of 44, it is a business unit for them, and like any business has to maintain it books and budgets in a profitable (that's not a dirty word) condition. For them, the amenity fees have to cover utilities, maintenance, staffing, supplies, repairs, taxes, an amortized construction cost, and of course a profit. This a real-world cost determination not the fantasy that Washington's CPI adjustment magically determines. So each year the assess their costs and determine a prevailing rate that is necessary to meet the financial goals, this is the adjustment we see come out every January that applies to all homes sold following its effective date. For the SLAD/RAD budgets, this developer adjustment to the prevailing rate is a huge plus as it acts as a reset that helps to overcome the shortfalls of the CPI adjustments as I discussed above, each time a home is resold. I explain most of this in my videos https://youtu.be/RDjafwcRtQg and https://youtu.be/EsFulbLR32w As a side note, when/if the developer decides to sell the amenities to the CDD, what was once profit and taxes in the budget becomes the money that pays off the bond used to purchase the amenities from the developer. After the PWAC was given the responsibility of the amenity budget for 466-44 I did some pretty complex calculations and financial projections on cost to build and operate the amenities and recovery of costs to finally achieve profitability. Based on the information available at the time, current cost, and adjustment to previous costs for inflations, I calculated that it took between 12 and 15 years from delivery of the first amenity until the business unit actually turned an annual profit and nearly 20 years to achieve a net profit. This is because the costs are incurred before the revenue from the home sales in the new areas start to come in. An example of this is the approximate $4M it cost to build the Fenny Rec Center complex which was opened at about the same time the first homes were sold, the revenue the first few years because of the few homes fell way short of actual expenses and is only just now starting to achieve a net profit for this one property however the entire area south of 44 is still operating at a net loss (based on my previous calculations). These amenities are of course an investment, one that pays off handsomely in the sales of homes and ultimately in the sale of the amenities to the CDD. When will they sell the amenities to the CDD, had to say but a best estimate would be about 3-5 years after the last home is built north of 470 the amenities between 44 and 470 would be sold to the Eastport commercial CDD. Yes, this is pure conjecture on my part, it's based on the timing of the two previous amenity sales to VCCDD and SLCDD. Last thought, the desire to implement a deferral rate again by some members of the AAC was pure folly and little more than political pandering by some board members. The implementation would have cost the AAC millions, not just in the first year but in all successive years as each year there would be the recurring shortfall each year with no way to make up the deferred revenues - they didn't get a pay raise, but prices still went up, they don't get a double pay raise the following year, so the shortfall still exists. Fortunately, most of the PWAC saw through the folly of this idea and dismissed it. Had this been approved by AAC and PWAC (it would require both to approve, one cannot approve and the other disapprove due to stipulations in the governing establishing documents), both the VCCDD and the SLAD are staffed by intelligent businessmen (ignore gender inference if you must) and they most assuredly would have disapproved it as they are still ultimately responsible for the amenities and budgets.
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Don Wiley GoldWingNut (a motorcycle enthusiast not a gilded fastener) A student of The Villages, its history and its future. City of Wildwood www.goldwingnut.com YouTube –YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions Carpe diem quam minimum credula postero Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776 |
#128
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There are other posts in this thread that I'll respond to in new threads as they are deserving of the distinction to be addressed separately. I'll tackle these after the Spring Thing happening on Saturday (3/18) at the Polo fields, when I have some free time to address them (stand by for the next chapter!).
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Don Wiley GoldWingNut (a motorcycle enthusiast not a gilded fastener) A student of The Villages, its history and its future. City of Wildwood www.goldwingnut.com YouTube –YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions Carpe diem quam minimum credula postero Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776 |
#129
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Last edited by rustyp; 03-15-2023 at 06:47 AM. Reason: my computer is running out of memory space |
#130
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.........Many senior residents are FORCED to drive even though they have lost the eyesight and reflexes to drive PROPERLY. This IS a big PROBLEM - that has a solution. And that very solution has been talked about and screamed about many times on past FORUMS. .........The solution is simply............GIVE US MASS TRANSPORTATION.......!!!!!!!! |
#131
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#132
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#133
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Statistically speaking, women tend to live 7 years longer than men - and be 5 inches shorter.
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#134
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#135
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Closed Thread |
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