You are not only voting for a “1%” Capital Initiation Fee, but you are voting to create a new fee – the Capital Initiation Fee (CIF).
Once the Big Canoe property owners create a new fee, the POA Board has the discretion to raise it higher without re-approval of the property owners.
1 user commented in " BEWARE: Don’t vote yes, to create another POA Fee. "
Follow-up comment rss or Leave a TrackbackDon’t be fooled by the POAB, you are actually voting for a “new” POA fee structure.
The Capital Initiation Fee (CIF) will be an “adjustable-rate” CIF.
As was said:
“Once the Big Canoe property owners create a new fee, the POA Board has the discretion to raise it higher without re-approval of the property owners.”