Comments on: Board votes to levy 3/4 of 1 percent capital initiation fee http://4kfee.com/every-thought-counts/board-votes-to-levy-34-of-1-percent-capital-initiation-fee/ What are your thoughts on the proposed fee? Sat, 04 Sep 2010 21:10:23 +0000 http://wordpress.org/?v=2.5.1 By: Mayor http://4kfee.com/every-thought-counts/board-votes-to-levy-34-of-1-percent-capital-initiation-fee/#comment-322 Mayor Fri, 25 Jul 2008 22:35:50 +0000 http://4kfee.com/?p=114#comment-322 From what I see it's clear that the Board has told the concerned citizens that we hear you and don't believe you represent more than a handfull of property owners and don't need your input! As I see this fee, it's nothing more than an exit fee and everyone in Big Canoe at one time or the other will have to pay it. IF we believe that a new buyer will pay the fee, then we also believe in Big Foot, Santa Clause and lots of other make believe charaters. Make no mistake everyone will have to pay this fee at one time or the other. We all will leave Big Canoe because of our jobs, family concerns or health reasons or on a stretcher. No purcher will open his purse strings and say "oh of course I'll be happy to pay the 3/4 of 1 percent fee, no problem" I truly believe the Board believs this and that's a shame as it is NOT TRUE and the realtors know it and have said it for months since the subject came up. I would encourage everyone to sign the petitions and lets take back Big Canoe from this out of control Board. The Mayor From what I see it’s clear that the Board has told the concerned citizens that we hear you and don’t believe you represent more than a handfull of property owners and don’t need your input!

As I see this fee, it’s nothing more than an exit fee and everyone in Big Canoe at one time or the other will have to pay it. IF we believe that a new buyer will pay the fee, then we also believe in Big Foot, Santa Clause and lots of other make believe charaters.

Make no mistake everyone will have to pay this fee at one time or the other. We all will leave Big Canoe because of our jobs, family concerns or health reasons or on a stretcher. No purcher will open his purse strings and say “oh of course I’ll be happy to pay the 3/4 of 1 percent fee, no problem” I truly believe the Board believs this and that’s a shame as it is NOT TRUE and the realtors know it and have said it for months since the subject came up.

I would encourage everyone to sign the petitions and lets take back Big Canoe from this out of control Board.

The Mayor

]]> By: Don Wyeth http://4kfee.com/every-thought-counts/board-votes-to-levy-34-of-1-percent-capital-initiation-fee/#comment-321 Don Wyeth Fri, 25 Jul 2008 21:17:46 +0000 http://4kfee.com/?p=114#comment-321 Once again we see how the POA Board reacts to Big Canoe citizen criticism by their ramming thru their EXIT fee payment plan on those who wish to sell their homes and lots to outsiders in Big Canoe. I , along with others , have spent some time at the Post Office in the Village soliciting signatures on petitions from our residents. The one that gets the most interest is NBR 3 which has to do with NOT passing the Capital Reserve item until every option and alternative has been thoroughly vetted. I would venture to say that of those who passed our way, easily 60-70 percent were against the POA method. Of course there are some who would not sign for personal reasons such as working for the POA or they knew a Board member well but support was there. There is no logic in attempting to justify charging an incoming resident for the "privilege" of buying in to Big Canoe's facilities because others had already paid for the what was already there. I would ask how much our Board members, most of which are fairly new to the community, were charged up front for their enjoyment of the amenities. The source of the dollars the POA wants to fund the CIF in this manner is wrong and lacking the numbers. Instead, why not a simple $20 a month assessment from all residents for the CIF? Exclusive of whatever the nbr of lots are in Big Canoe, there are about 2400 homes and at $240 a year this would equate to $576,000 per year alone. This would be something to count on and would not discourage prospective buyers of resale houses(and turn them into Big Canoe Realty lot buyers to escape the major burden of the POA Board 3/4% fee. It appears to me, from info provided me by a realtor, that there were 39 closings of properties( including lots) during Jan-Jun 2008. If you assumed that all were house at $500,000 each you would be looking at less than $200,000 for the CIF. What do you figure chances are for the balance of 2008 and 2009 in view of market conditions. Ask any realtor who doesn't work for BC Realty. Soon you all will have a chance to vote for the CIF. Educate yourselves. I was for the CIF as per the survey and was one of the 539 people that voted yes. Based on what has transpired since then puts my 3 votes solidly in the NO box. Once again we see how the POA Board reacts to Big Canoe citizen criticism by their ramming thru their EXIT fee payment plan on those who wish to sell their homes and lots to outsiders in Big Canoe.
I , along with others , have spent some time at the Post Office in the Village soliciting signatures on petitions from our residents. The one that gets the most interest is NBR 3 which has to do with NOT passing the Capital Reserve item until every option and alternative has been thoroughly vetted. I would venture to say that of those who passed our way, easily 60-70 percent were against the POA method. Of course there are some who would not sign for personal reasons such as working for the POA or they knew a Board member well but support was there.
There is no logic in attempting to justify charging an incoming resident for the “privilege” of buying in to Big Canoe’s facilities because others had already paid for the what was already there. I would ask how much our Board members, most of which are fairly new to the community, were charged up front for their enjoyment of the amenities.
The source of the dollars the POA wants to fund the CIF in this manner is wrong and lacking the numbers. Instead, why not a simple $20 a month assessment from all residents for the CIF?
Exclusive of whatever the nbr of lots are in Big Canoe, there are about 2400 homes and at $240 a year this would equate to $576,000 per year alone. This would be something to count on and would not discourage prospective buyers of resale houses(and turn them into Big Canoe Realty lot buyers to escape the major burden of the POA Board 3/4% fee.
It appears to me, from info provided me by a realtor, that there were 39 closings of properties( including lots) during Jan-Jun 2008. If you assumed that all were house at $500,000 each you would be looking at less than $200,000 for the CIF. What do you figure chances are for the balance of 2008 and 2009 in view of market conditions. Ask any realtor who doesn’t work for BC Realty.
Soon you all will have a chance to vote for the CIF. Educate yourselves.
I was for the CIF as per the survey and was one of the 539 people that voted yes.
Based on what has transpired since then puts my 3 votes solidly in the NO
box.

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