What are your thoughts on the proposed fee?
Is the Developer violating our POA’s CC&Rs (Covenants, Conditions, and Restrictions)?
The Developer has been selling multi-lots that are deeded as one lot, so that buyers can avoid having to pay more than “one” monthly lot assessment.
For example, in 2004 lots 3511, 3512 and 3513 were sold and deeded as one lot (Lot 3511) so that [...]
Some good information leaked out and some good questions were asked at the 2008 Annual Meeting on Saturday resulting in the following analysis:
Information:
1. The most important goal of the corporate POA Board is to protect property values.
2. When the POA has a “positive” cash flow, it is financially strong.
3. The Board has borrowed $675,000 so [...]
Does the POA need a so-called Capital Reserve Fund (CRF), or a bailout?
As others have said on this website, the proposed CRF is not truly a “CAPITAL” reserve fund. In a current Smoke Signals On-line article, the POA Board has finally admitted that the CRF money “is needed to allow the POA to pay down [...]
If you vote “FOR” the new 0.75% Capital Initiation Fee, you most likely won’t get to vote “against” any future percentage rate increases.
The Covenants and Restrictions CIF Amendment is more than what it seems:
Facts:
From the POA Board’s distributed copy of the Covenants and Restrictions CIF Amendment (upon which we will vote for or against), the Covenants and [...]
1. “It’s only fair that newcomers pay a catch-up entry fee when passing through the gates.” says Bennett Whipple (Columnist).
2. “The seller is responsible for the fee [CIF],” says Anne Dickerson (Smoke Signals’ Editor).
Which is true? Answer: The seller is responsible for the fee [CIF].
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From the White Paper:
“Will Time Share properties come under the CIF?”
The LTFC/POAB reply:
“NO.”
“Time Shares sales do not go thru the same property recording and closing process.
In addition the sales prices and number of sales are so small, it would cost more to collect than it would be worth.”
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Analysis:
Are the Time Share properties/owners off the hook? [...]
The Big Canoe property owners will be given two chances to vote against the Capital Initiation Fee (CIF).
The first chance will come in the special election on the CIF in June.
If the CIF passes the first time, a second chance will come when the CIF is incorporated into the Big Canoe Covenants and Restrictions (C&Rs), [...]
I have heard that the LTFC has discovered that one of our Big Canoe property owners has called some of the “similar communities” that charge a Capital Initiation Fee and that the LTFC listed in their 1st set of FAQs. That property owner has provided me with copies of his faxes.
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From the Smoke Signals FAQs:
Q. [...]
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 [...]
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 [...]
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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