I have observed some of the financial “events” of the last year and noted that:When Sconti burned, and we (POA) reaped a windfall - but the budget was increased rather then use the money to the Resident’s benefit? The back entrance project - seems to have spent a lot of money with little practical value to the residents! And the engineering leaves much to be desired! Is this general incompetence or - simply spending other people’s money - so what the heck? I will have to admit I did not participate in the planning - and that is a lesson to everyone; we need more competent input and review. We seem to have the money to expand the chapel parking lot, the tennis facility, marina upgrades, - all at the same time. Is this good planning? What about incremental improvements? Is it my imagination or is the current board on a spending spree that seems to lack fiscal responsibility? And now they want more money to do what? $4K is absurd as is 1%; 1% favors the developer and lot owners - certainly not residents - especially if you plan to sell a residence! We are not comparable to the other locations cited!I also feel that it is obvious that we need to be upgrading our asset, which benefits everyone, so why don’t we simply increase the monthly assessment by $10 to $20 per month equally for all property owners - since everyone benefits! Lot owners (without structures) benefit because it increases the future value of buying into Big Canoe; homeowners for the same reason. And things age, and an increase in the monthly fees is more appropriate if we can’t handle the expense with the current assessment! It is paid by everyone alike – no discount for non-resident owners or undeveloped lots! If we want to construct future additions, then we raise fees to pay for them, just as was done for the worthless changes to the back entrance!
2 users commented in " Capital Assessment - Why so much now? "
Follow-up comment rss or Leave a TrackbackI certainly am in agreement that all owners should pay and not heap it on the back of the
sellers upon which it inevitably will fall.
Since it is envisioned that we need about $500,000 a year , why not put a charge of about
$0.0005( 5 mills) on our county assessed value
of our property. This would be fair to all and
not favor those who sit tight and never sell.
While the POA is at it maybe they could pave the entrance to North Gate. I cringe every time I come in as I hit the big hole at the entrance.
Also it would help to put a few real lights out
there to assist. Let’s not get into all that
new construction out there at North Gate. What
a waste of funds!
I disagree with Don’s using a county type mills on assessed value. This should be a flat fee for every homeowner. We all have the same access to ammenties. The value of a $800k home will not go up the same percentage as a $400k home with these improvements.