I’ll be sending the questions off to the POA / LTFC shortly, so email me your question or post it here! I’ll repost the entire set of questions afterwards.
What are your thoughts on the proposed fee?
I’ll be sending the questions off to the POA / LTFC shortly, so email me your question or post it here! I’ll repost the entire set of questions afterwards.
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.
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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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2 users commented in " Final call for questions or comments…. "
Follow-up comment rss or Leave a TrackbackProposed questions:
1. If an initiation fee, or any other term used to generate new funds, is approved, will disbursement of those funds (project selection) be determined by the POA board or the membership?
2. Why should POA board not be required to pose new projects to membership and convince membership on the need for such expenditures, one project at a time? (Much was lost in the all or nothing approach on the current special assessment)
3. What items, currently included in the POA budget, would be proposed for payment from the proposed ‘initiation fee’?
3. (a) Assuming some of the currently budgeted items would be paid for from the new funds, how much reduction would be anticipated in the normal monthly assessment? (Tough to pose this question without knowing answer to 3. I would probably hold this one until later)
4. How was the 1% fee level determined? It would appear most are at the 0.5% level. I’m guessing someone at the POA is guessing (without bids) that the 1% will generate at least $1M per year for projects determined by the board.
5. Did the board assume a majority of the memberfship agreed with their decision to use the Sconti fire insurance proceeds to expand the Sconti project beyond the scope voted by the membership?
6. Why were the Sconti fire proceeds not used to pay down long term debt?
7. New Sconti is going to be a georgeous facility. Does anyone on the board believe it will at least break even?
I assume all questions are anonymously submitted.
Thanks for your comments and questions! Unless otherwise stated, questions are submitted without email address or name.