What are your thoughts on the proposed fee?
Formerly the proposed Repair & Replacement Fund
From the http://www.bigcanoepoa.org/index.php/home web page:
“The Long Term Finance Committee has put together a survey, or, as some would call it, an opinion poll. We will be sending it to you online shortly. The purpose of the poll is to determine what the most acceptable method is for funding a capital [...]
Covenants Rewrite Committee:
It is my understanding that the Covenant Rewrite Committee will soon meet with interested property owners to discuss the new revisions to the Covenants.
As it stands now, the Covenant Rewrite Committee will add an amendment to the covenants to allow the POA Board to spend up to $1,000,000 (using banks loans) for new [...]
The “new” Big Canoe Sconti Clubhouse Restaurant will lose close to $450,000 in its “first” 6 months of operation, ending this year.
Due to its $450,000 loss in 2008 (in just 6 months),
to the planned $500,000 loss in 2009, and
to the poor economy in 2009 that will most likely cause a $750,000 - $1,000,000 loss, do [...]
I am sure that everyone has read the post on this website about the new Sconti Clubhouse kitchen being too small and that it can serve no more than 50% of the dining room.
It has come to light that the kitchen can only prepare seven meals at any given time; current estimates for the needed [...]
From the “0808 Financial Statements” - Big Canoe Property Owners Association, Inc. - August 2008:
“Summary of Operations at August 2008:”
“Balance Sheet:”
“The cash balance of $1,817,804 has increased by $336,187 since the end of July.”
The above looks/reads good, doesn’t it; but didn’t the cash balance actually decrease by $338,813? Read more below:
“It should be noted, based [...]
The POA Board has asked Jim Story to find a $1,000,000 reduction for the 2009 budget.
They are considering closing the Sconti restaurant for evening meals on Sundays, Mondays, Tuesdays and Wednesdays.
They are also considering closing the Wildcat swimming pool for all of 2009 (a $50,000 savings).
Just a little news that you won’t see in the [...]
Just a few comments on Saturday’s meeting: I agree that we need to start funding a Capital reserve fund. I agree that future property owners should contribute more than they do at present. The transfer fee makes sense but may bite us in the but if property sales continue on the present trend. It appears [...]
Want to know how your Big Canoe neighbors feel about the new Capital Initiation Fee?
It’s your money. You should take the time to read these comments - especially the 4th and the last comments.
Capital Initiation Fee Comments
(What the property owners are saying “before” the Capital Initiation Fee election.)
Big Canoe – 5/6/2008
Your neighbor’s comments:
The question and challenge [...]
Let’s not forget the last Capital Projects Election - the Sconti Restaurant Rebuild, and its still developing financial outcome.
Many Big Canoers saw the financial disaster coming as indicated in their comments below.
Do we really want to “PRE-APPROVE” money (CIF) for “future” no-bid capital projects?
Sconti Restaurant Rebuild Comments
(What the property owners said right after the Sconti [...]
An ad from the April 2008 issue of the Big Canoe Smoke Signals:
WAKE UP BIG CANOE!!!
Changes are happening rapidly within our community. Are you aware of them? Here are just a few that should concern you.
Capital Initiation Fee (or “Exit Fee”)
You will be asked to vote on this in the near future. It would require [...]
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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