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 community is governing itself.
Why not increase our dues amount to reflect whatever our costs are and pay per lot or homeowner and forget multiple taxes. Additionally, the costs the initiation fee pay for should be per home, not sales price. Every home has the same access to all amenites whether 1 person or 8 persons live there.
This initiation fee postpones debt until we leave and encourages higher percentages in the future. Let’s not go down that road. Deal with debt in the present and quit acting like the goverment by simply delaying debt to the future.
1 user commented in " Initiation Fee Scam "
Follow-up comment rss or Leave a TrackbackAmen Ron, you articulate what is the simple fact. The Board sold everyone this lovely package of upgrades for a mere $25/$16+ (home/lot) for 5 years. This cash flow with a bunch of leverage (loans) stretches the community too thin. PLain and simple. It was a disengenuous presentation then not to give people the cold hard truth…’you want this amenity upgrade then write a check for $XXXX.XX and we will pay for it in CASH.
Ron is on a roll, a percentage of sale is also contrary to what the funding is for. It should be a flat fee. As Ron stated each proprty has equal access to the amenities in Big Canoe. How fair is it to TAX someone who has a 400K home more than someone that has a 300K home.
It is hard to back any of these concoctions prposed by the POA board. Also I just read the white papers…does the board know what a white paper is in the real world??? We don’t need a sales job.
Let’s be fair with the new TAX proposals in Big Canoe and Board let’s be honest with the people.
Norton