What are your thoughts on the proposed fee?
The following questions were not part of first set of questions submitted to POA Board.
The POA Board is requested to answer the following questions. Note, that it is not pleasant to have to ask these questions, but the answers are owed to me as a Big Canoe property owner:
1. Since all of Big Canoe POA’s [...]
After reading a lot about this fund, I have come to believe that it is something we probably need. Regardless of how we prepare or don’t prepare for the projects it would cover, we, as property owners, are no doubt going to pay for it. The only question is do we prepare for it in [...]
John Sefarian has written a white paper detailing the process of collecting and distributing information regarding the Capital Reserve Funding Program. I have converted his document to a PDF:
Capital Reserve Funding Program for Big Canoe
by John Sefarian on 03/26/08
If you do not have Adobe’s free PDF reader installed, you can get it [...]
Fine, the new amenities are great for everyone. We have a separate $25/month fee for additional spending already. Now, because we are overbudget on the clubhouse they want an initiation fee. I want to whatever our costs are per month as one simple number. A number I can pay each month and see how our [...]
Not intended to rain on the thought parade of some posters, but there are impact fees charged to build in big canoe… and contractors pay to get in the community already. Cement trucks pay $100+ per entry into the canoe.
the preferred vendor list is a lawsuit waiting to happen, to boot any cost is just passed onto [...]
The Capital Initiation Fee and the Developer:
Will the buyers of the Developer’s Big Canoe properties be required to pay the full 1%+/- Capital Initiation Fee (CIF)? If no, why not?
Will the buyers of the Developer’s future properties (located outside the main gate of Big Canoe) be required to pay the full 1%+/- Capital Initiation Fee [...]
I received an email this afternoon regarding the CIF. The pertinent text reads:
You should see today a white paper describing the ongoing process leading to a property owner vote. A second set of FAQ’s is included.
There was no indication as to where it will be posted but my guess is the Smoke Signals Online. I [...]
1. The Developer is playing his cards so as to maximize his financial position. New facilities will help him better sell his properties; but he holds the keys (votes) to pass the Capital Initiation Fee (CIF). Therefore, until the POA Board provides him with additional incentives, he will be against it.
2. The POA Board must [...]
The last I heard the developer was not for the fee. Of course they could change their mind. My guess is the option would be dead if they were against it based upon the feedback I am seeing on this board. I think we should find out first. Is someone looking [...]
In reviewing the list of needed expenditures presented by the POA as justification for the CIF, it occurred to me that most of these items would have to be voted on to obtain funds to build or replace each item on an item by item basis. If the Board does not have the money [...]
4kfee.com is designed to be an Open Forum for discussing the proposed Capital Initiation Fee in the Coummunity of Big Canoe. Some residents are for the proposal, some against, some are still undecided. Regardless or your position, you are encouraged to voice your opinion.
Keep in mind that these posts, comments, and links are the opinions of your friends and neighbors here in the Big Canoe Community, so please try to be civil. The comments and posts do not reflect the opinion of the site administrator. You are also urged to verify any information on this site.
Again, these are comments and opinions on the proposed fee and should not be considered fact unless you verify it yourself.
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