What are your thoughts on the proposed fee?
With the announcement of the new $4000 fee, and now its replacement, the 1% Capital Initiation Fee (CIF), my neighbors are bailing out of Big Canoe.
My neighbor next door is selling, a neighbor down the street is selling and another neighbor is selling his house along with the 3 lots that he owns (3 houses [...]
I’ll be sending the questions off to the POA / LTFC shortly, so email me your question or post it here! I’ll repost the entire set of questions afterwards.
If any Big Canoe entity is shielded from having to pay the full 1%+/- of the new Capital Initiation Fee, then the property owners, who are required to pay this fee, will be required to pickup the shielded person’s portion/share as future Special Assessments and/or Monthly Fee increases.
During their meeting tomorrow, I have asked the [...]
1. Are real estate agents fully explaining Big Canoe’s proposed 1% Capital Initiation Fee (CIF) and its possible financial consequences to “current” Big Canoe homebuyers?
2. Are real estate agents explaining to their buyers how the buyer might be required to pay the 1% CIF upon the resale of the buyer’s Big Canoe home?
3. Are real [...]
We already have a capital reserve fund. It is called the Amenity Reserve Fund and it is funded by our monthly assessment fee.
Therefore, instead of creating another capital fund, why not increase the monthly assessment fee? The POA Board can tell the property owners that they are increasing the Amenity Reserve Fund to cover future [...]
I was just checking the Smoke Signals and I saw this story, “Developer announces Potts Mountain delay.” Read the article for all the details, but the gist of it is that the developer is holding off on further devleopment on Potts Mountain due to the bad real estate market. Is now the right time to [...]
Many of the questions regarding the proposed fee have been addressed in the the FAQ (Frequently Asked Questions) for the Capital Initiation Fee. I have tried to make the document a little easier to navigate by placing all questions as bullet points at the top of the document and linking them to the answers. Just [...]
As the LTFC said in their Q&As, “The fee would be part of the negotiation process, and the seller may decide to absorb the fee to make the sale.”
Let’s face it; this fee is truly the seller’s responsibility.
Every Big Canoe homebuyer should be fully informed as to the impact of this fee. Should the homebuyer pay [...]
Do you just have questions for the LTFC?
Use the Comment button below to add your questions to this Web site.
Thanks for caring.
I would liken the approval of any fee to the purchase of a bigger fish tank, where the fish simply grow to the size of their environment. If we have a bigger capital expenditure budget, we’ll only end up with bigger capital expenditures, we’ll constantly have to keep feeding the monster we’ve created.
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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