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Special Member Meeting - Shared screen with speaker view
Juanita's iPad
31:30
What is the purpose of the new buyer fee? What is the money to be used for?
Tom h
31:59
same question. what’s the rationale
Brian King
32:22
did you say .03 percent ?
Tom h
33:02
.03 is the number
Kelly Marzullo
33:45
that’s my question as well. what is this money going to be used for
Erik Whitehill
33:45
of the sale price?
Jagger
35:09
NO
Linda
35:34
We are against this fee
Evelyn Navarro Colon
36:09
we do not approve it
Juanita's iPad
36:21
Please clarify- 0.03% of the sale price?
Jagger
36:41
what are you plans for the next 2 year
Tom h
37:00
why not just change the assessments in order to achieve that goal vs an additional “Tax”
Linda
37:39
We have no problem selling homes in Waterford. Current homeowners are also the future of our community
T. Bethel
37:59
$1,000 is too high of a number. Will be a deterrent for new homeowners.
FloridaMary
39:37
This fee would only possibly affect homeowners attempting to sell. I don't believe an additional $1000 will affect a buyer's decision
Erik Whitehill
40:16
Is a flat amount?
Brian King
40:53
If you have capital projects you would like to plan than quote them and put them out for vote in the next budget cycle.
Brian King
41:06
3
Brian King
41:07
3
Brian King
41:07
3
Jarrod Lockwood
41:15
I think this would not affect people buying homes, it would help expand the recreational facilities we have and other projects we may come up with and could be a great opportunity to bring in assets for the community to keep improving
Jagger
41:18
zen stated, this way they will have access.. they would have access regardless
Jagger
41:21
v
Jagger
41:21
v
Jagger
41:22
vv
Kelly Marzullo
41:36
open the chat and you can see the question
Jagger
42:23
which HOA
Jagger
42:26
f
T. Bethel
42:30
Avalon does not have it
Jagger
42:39
Avalon does not have it
Carlos Martinez
42:57
This will affect the sales of properties in the community by adding an additional amount of money the buyers will need to bring when they purchase a home.
Sharon Knight
43:14
Is this the first discussion of this potential assessment this year?
Carlos Martinez
43:24
making sales a little more difficult in our community
T. Bethel
43:47
Stoneybrook charges $1,600 but they are gated and provide a lot of amenities accessible to their homeowners.
Jagger
43:56
They have a golf course in stoney broke
Jagger
44:56
that's a great idea
T. Bethel
45:00
This amount could hurt our Veterans with a 100% VA loan.
Juanita's iPad
45:04
There are already TWO HOA fees— review and revise the budgets to create an account you need.
T. Bethel
45:51
No they do not. $125 transfer fee only
Rui
45:53
Maybe start with an amount less than 1k.... it is a small amount in comparison with the total amount to be paid when buying …..
Jagger
46:11
understanding and knowing are two different things
Sharon Knight
46:24
Thank you I have not heard about this in Bramble Bluff meetings
Madeline and Ruben Garcia
48:55
would someone that sells their home and purchase in a different neighborhood in waterford, would they have to pay this fee?
Jagger
49:14
what other neighborhoods, your referring to.
Carlos Martinez
49:47
probably
Tom h
49:58
agree we can improve just maintain Our amenities, but again let include this in the assessments.
Tom h
50:12
vs maintain....sorry. typo
Linda
51:42
Would reconsider our response if the fee is a flat fee a less than $1000
T. Bethel
52:46
Large fees are being proposed to charged teams who use the facilities. These fees they will pay will offset some of the cost of the repairs for the facilities. Seems like we are trying to get money from everyone.
Brian King
54:03
These all sound like capital projects though that could be planned. As opposed to lets fund some youth sports
Vicki Howard
54:30
And from those who do not use any of the rec center facilities, or youth programs
Jagger
54:33
Brian sounds about right
Jarrod Lockwood
55:08
The assessments are already being projected to go up over the next 5 years by a lot so I think this is a great idea even if we lower it to $500 or some other price point to be able to help with the facilities and other needs
Nino Frederico
55:15
why not consider a fee of $500? more palatable, and honestly most homes are now going for 300K in Waterford so it's a smaller %
Carlos Martinez
57:30
is this a new department which it will create additional cost to homeowners due to creating a job
Jagger
59:35
you can not compare us to celebration
Carlos Martinez
01:00:09
true, Jagger.
Tom h
01:01:47
I don’t see in our documents an ability to fine homeowners. is there a provision in the master documents? fines, in my understanding are not enforceable unless a court case is won
Carlos Martinez
01:03:18
so where are we having issues to have the need to create this department
Vicki Howard
01:03:22
Has there actually a "up to code" problem that requires a group of people to drive around to find?
Carlos Martinez
01:03:55
it will create a salary for multiple people which will be pass on to the current homeowners
Jagger
01:03:59
vicki great question
Erik Whitehill
01:04:03
isn't there a property management company that does this kind of work currently?
Jagger
01:04:24
ya thats why we have 2 HOA
Carlos Martinez
01:04:44
it was a great decission made, if it is not broken dont fix it
Brian King
01:04:53
I agree something new needs to be done. I see to many homes that need attention, though I am aware given the times many may not have the means to perform maintenance that they may normally perform.
Jagger
01:04:54
thats the job of the property manager.
Vicki Howard
01:05:44
Seems like there are a lot of "if that happens". Is there any issues these are based on in Waterford?
Sharon Knight
01:06:03
some neighborhoods allow exceptions and so do not allow any exceptions, what would be done with that
Carlos Martinez
01:06:09
all I am hearing is more money needed
Jagger
01:06:17
there is a lot what ifs
Jagger
01:06:50
that's the property manager job
Sharon Knight
01:07:18
That just mentioned painting is not being followed
Jagger
01:07:55
I feel like we are about to micro-managed
T. Bethel
01:08:30
HOA Managers should be taking care of some of that. We def don't need 3 additional staff members to do this. Our docs give the guidelines for how this is to be handled. We actually don't follow our own HOA Docs but if we did the ARC will take care of most of this. The current WLCA ARC is VERY capable of handling the processing and approval process. I would be in agreement if Waterford was to hire 1 additional person to do the enforcement (checking to make sure the ARA was completed correctly) as long as WLCA is the one who follows through with the legal fees if they find there to be a problem depending on the overall cost.
Jagger
01:09:18
175,000 a year
Jagger
01:09:36
then 7% is to high
Jagger
01:10:14
7% of 2.5 million is $175000
Charla
01:10:18
In our subdivision we have had many management companies some which say without our own ARC rules they cannot do enforcement....i for one am getting burned out after 10+ years.
Kristen Lambros
01:10:46
Agreed with Charla… Magnolia Glen is in the same predicament.
Jagger
01:11:02
Zen, why would we not have the property management company handle this
Juanita's iPad
01:11:14
There are so many different rules/regulations— how will ONE person be expected to know what is correct in on and not another? Possible inappropriate “write ups” and “fines”
Vicki Howard
01:11:50
What predicament is Magnolia Glen in? Has there been a problem with houses not following guidelines?
Kristen Lambros
01:11:59
Yes, many.
Juanita's iPad
01:12:30
sorry— in one neighborhood and not in another neighborhood. Are there really that many issues that warrant a new paid position to require 7% of the current budget?????
Sharon Knight
01:12:34
There are several neighborhoods with problems and the guidelines
Vicki Howard
01:12:47
Painting? Sheds? what types of problems?
Kelly Marzullo
01:12:55
we have a fining committee in jade forest and it has been very helpful
Carlos Martinez
01:13:10
accepting sheds might be cheaper than 7%
Jagger
01:14:20
Then you fire those property management company, don't make all us feel the impact
Jagger
01:14:48
I vote no to this committee
donna
01:14:56
Yes, fire the smaller Hoa's for each neighborhood
Evelyn Navarro Colon
01:14:57
I agree with you Jagger
Brian King
01:15:29
I was thinking why than have a second HOA. The local HOA would than be responsible for paying a neighborhood landscaper and electric. etc...
Kelly Marzullo
01:15:41
good luck. that’s easy to say. then you need to find a company that can properly do it
Carlos Martinez
01:15:45
Agreed with Jagger
Jagger
01:17:01
no
Carlos Martinez
01:17:01
no it doesnt make sence
Nino Frederico
01:19:18
Doesn't it seem very inefficient for each neighborhood to be using a different management company? Wouldn't it make more sense to have just a few management companies in here who could work with these 3 employees to make this more effective. This Marcy, not Nino, lol
Jagger
01:19:59
lets get back to the $175,000 increase yearly
Tom h
01:20:26
would this include everything such as power wash needing done, weeds in lawn, commercial vehicles, or just “ARC’
Billy Grimes
01:21:15
the only way this makes sense is if this plan would save individual homeowners money AND improve standards
Jagger
01:21:49
Ken, why 7%
Carlos Martinez
01:22:50
then get on them instead of creating an expense
Tom h
01:24:06
I’d be in favor IF we can do it well and reduce sub associations costs by removing that task from the sub manager
Kelly Marzullo
01:24:09
👏🏼👏🏼👏🏼👏🏼 I think this is a great idea if we can figure out a way to make it affordable to homeowners.
T. Bethel
01:24:15
This is a little too costly when we are already worried about the long laundry list of upcoming expenses that we just discussed. We should try to find ways to cut cost to be prepared for the upcoming cost that you mentioned.
Vicki Howard
01:24:49
T. Bethel -- good comment
Jagger
01:26:31
what would be the starting salary
T. Bethel
01:26:44
Maybe WLCA could address those particular problem neighborhoods. WLCA should have the right to step in if there is a community that isn't up to the standards of our community.
Jagger
01:27:10
we are already paying miles 3k a year
Jagger
01:27:24
Kristin great comment
Jagger
01:28:33
do it as a volunteered position
Kelly Marzullo
01:29:23
jagger it iS FAR BEYOND a volunteer. there is so much more involved.
Carlos Martinez
01:30:41
you are talking as if it was already a done deal
Charla
01:31:17
I am in favor of looking into this further. I think homeowners would appreciate increased speed of ARC decisions and it would help make sure things are done properly by homeowners.
Carlos Martinez
01:32:15
ARC meets weekly, no reason for it to take a long time to make a decision
T. Bethel
01:32:26
If one neighborhood is more a problem requiring more legal fees than another, then I feel it isn't fair for those communities who actually follow the rules to have to pay more to cover them.
Kelly Marzullo
01:32:28
it still is the homeowners responsibility to keep up even if it’s a rental. if they don’t take care of the issue, the fines are used to them fix the problem for the property
Brian King
01:32:46
I would not see the need for a second HOA, which I would be open to discuss myself. Than the fee's transferred to WLCA.
Erik Whitehill
01:32:47
What % of homes are rentals ? How big a problem is this?
Tom h
01:32:47
agree with Chala...the challenge is how much $$$ is available to go to a lawyer for violations. that is a limiting factor for enforcement
Jagger
01:33:17
lets keep moving
Jim Witmer
01:33:26
Alvin is driving . . .
Sharon Knight
01:35:13
So if a neighborhood is abiding by WLCA guidelines then could the neighborhood decide to have WLCA do all things associated with ARA's and since they are not approving and supervising the compliance the neighborhoods send % of quarterly fees to help provide funds for WLCA handling it
Nino Frederico
01:36:03
Doesn't WLCA own a small right of way along Lake Underhill road that would impact the access to that lot? If that is true WLCA does have some say, right? Please correct me if WLCA does not own that small strip that effects the access.
T. Bethel
01:36:32
I thought that was the case too Nino.
Jagger
01:36:51
can we keep voting no as a community
Stephanie Chandrasekaran
01:37:34
He would still have access via Woodbury Rd and needs NO approvals from the County Commissioners to build the 18 low-income townhomes
Linda
01:40:06
The outdoor storage idea would be an amenity for homeowners, create less traffic than housing or retail, could have landscaping around any security walls to make it pleasing to the eye
Nino Frederico
01:40:13
We have nice amenities but we also lack a usable clubhouse for resident use, could this also be an option?
Kristen Lambros
01:41:53
Yes, it’s very important to us over here. : )
Nino Frederico
01:42:15
Thank you, Ken for clarifying that.
Amber Coleman
01:42:36
Anyone who has children cares about that property!
Jarrod Lockwood
01:42:38
This is very important because if we don't do something he will build something and will be a huge impact to traffic and dangerous to our kids
T. Bethel
01:42:43
Large RV's and Boats around our children is not a good mix. Not to mention it is a high traffic area.
Billy Grimes
01:43:32
but RVs and boats are not used everyday, so that is less traffic than homes or offices
Jarrod Lockwood
01:43:35
The storage would primarily be utilized on nights and weekends outside of school hours, there wouldn't be non stop traffic going in and out of the storage area like there would be for apartments or houses
Amber Coleman
01:43:39
RVs and Boats bring considerably less traffic than other options.
T. Bethel
01:43:46
Large vehicles are have large blind spots. We could get sued as a community if someone runs over a child.
Carlos Martinez
01:43:59
why are we trying to bail him out on his 600k
Erik Whitehill
01:44:37
we're not trying to bail him out, oit
Kelly Marzullo
01:44:42
we aren’t bailing him out. we are trying to control what goes there
Stephanie Chandrasekaran
01:44:59
It would be 18 townhomes with 4 bedrooms
Amber Coleman
01:45:08
but they would be low income town homes (not Avalon type townhomes)
Stephanie Chandrasekaran
01:45:10
more bedrooms than proposed in the 63 apartments...
FloridaMary
01:45:35
I'm not sure we as a community could come up with 660K to buy from him. Especially considering our current budget only covers maintenance.
Stephanie Chandrasekaran
01:45:35
He would not build the townhomes. He has said that. They would be “Affordable housing”
Carlos Martinez
01:45:42
townhomes would be better than current options
Kelly Marzullo
01:46:13
having the storage area would be a great idea
Stephanie Chandrasekaran
01:46:35
And would be an amenity private to WLCA residents
Rui
01:47:03
Is it totally discarded the idea of WFL buying that corner ?
Stephanie Chandrasekaran
01:47:10
restricted use-commercial
Stephanie Chandrasekaran
01:47:24
it would not be commercial where he could later build something else
T. Bethel
01:47:34
Okay, but WLCA should not be involved with that due to the liability factor.
Stephanie Chandrasekaran
01:48:10
Run the numbers on the rent for spaces compared to the expense of ownership. It would be cashflow positive from the start
Rui
01:48:30
Before starting any study, I guess we need to figure out how much money is ….. because it might be impossible …..
Stephanie Chandrasekaran
01:48:34
That is not true at all. He is more than willing to sell the land to the HOA
Erik Whitehill
01:49:15
how do we know that?
Marcy Frederico
01:49:28
Did he actually say he did would not sell or are we just assuming that?
Stephanie Chandrasekaran
01:49:46
It’s not that kind of commercial zoning. It’s specifically boat and rv storage commercial.
Stephanie Chandrasekaran
01:49:56
He has ever intention of selling if the HOA wants it
T. Bethel
01:50:10
Without knowing the cost we can't possibly have a conversation on if we would buy it or help him.
Stephanie Chandrasekaran
01:50:30
We sat with him and spoke with him. He also met with homeowners on 10/14
T. Bethel
01:50:33
I think we need to have a cost and then meet back up to discuss this.
Rui
01:50:50
I agree we need to know how much money the current owner is expecting to make …...
Amber Coleman
01:50:56
the question we need to ask is, are we wanting to consider changing our documents to allow the purchase of property!
Erik Whitehill
01:51:02
Thanks SC!
Madeline and Ruben Garcia
01:51:05
I don’t think we are helping him. we are stopping him from building a 5 story building.
Rui
01:51:19
why changing documents if it's not affordable ...
Stephanie Chandrasekaran
01:51:27
He’s given numbers…first you need to decide if you’re interested in considering some options. He proposed everything from zero cost to residents to full ownership to residents
T. Bethel
01:51:34
and we would take on a lot of liability if we put our name on it. In a sue everyone world this is worrisome.
Amber Coleman
01:51:53
18 affordable housing townhomes would not blend into the community.
Jagger
01:52:00
no
T. Bethel
01:52:13
Stephanie what was his price?
Stephanie Chandrasekaran
01:52:15
Read the 4 proposed options he gave
Jagger
01:52:15
what are the optionsw
Vicki Howard
01:52:31
Ken are you catching Stephanie's comments?
Madeline and Ruben Garcia
01:52:43
Exactly Stephanie! he gave us 3 options!
Linda
01:52:58
How many vehicles on the property coming and going at rush hours would be expected for the townhouse idea
Marcy Frederico
01:53:04
Ask him if he would build a clubhouse
Marcy Frederico
01:53:18
or if WLCA could buy it directly from him
Jim Witmer
01:53:25
I suggest talking with him about WLCA purchasing the land.
Marcy Frederico
01:54:14
without the presidents nothing can be done, so you all have to decide before we reach out the the residents
Jim Witmer
01:55:09
Offer him $300k. He's a developer -- that line of work involves risk, he should be used to that and understand it. Suggest it's time for him to cut his losses . . .
Billy Grimes
01:55:39
he won't take a loss just to make us happy, we have to be realistic
Marcy Frederico
01:55:52
Agree Jim...perhaps meet somewhere in the middle
Billy Grimes
01:56:09
he is giving us a chance to direct what he does, make it something we want
Jim Witmer
01:56:36
If he's looking for sustained income from the property; offer him $1k per month.
Rui
01:56:57
I doubt the owner is expecting 300k ...most probably is around millions …..
Jagger
01:56:59
chris I think this is a good idea
Marcy Frederico
01:57:06
i do think the additional $300 K he has spent money on is inflated, my guess it's not as much
Stephanie Chandrasekaran
01:57:17
Owner has already floated 600k for just the land
Amber Coleman
01:57:22
WLCA needs to decide if they want to change their documents to allow the purchase of property!
Marcy Frederico
01:57:52
You don't know if he is willing to sell unless you make an offer
Jim Witmer
01:58:04
Good thoughts, Chris
Jarrod Lockwood
01:58:23
I agree with Chris. We have to do something. These are high value townhomes
Jarrod Lockwood
01:58:52
These are low income town houses that don't fit with the community
Carla Kilgo
01:59:21
I have discussed this with my board members. They are against WLCA considering option 1 and 2. No one should have to pay an assessment for a RV and boat storage area if they don’t have a boat and RV. If we could give him other options. How about an additional community center that could be leased out to residents for meetings, birthday parties, etc…. We currentlt
Rui
02:00:27
Waterford can buy …. cost can be prorated into current owners … owners get reimbursed when their own house is sell …..
Carla Kilgo
02:00:29
Currently do not have enough community areas for the growing number of people.
Charla
02:00:33
smarter to offer before developed, but seems the options do not include purchase.
Marcy Frederico
02:00:35
agree with making an offer. I think he is bluffing on who has approached him
Stephanie Chandrasekaran
02:01:11
He said that was his intent for wanting to build the apartment building. That was his “background statement"
Stephanie Chandrasekaran
02:01:52
He has said that he would offer to WLCA residents only at first with a clause to offer to Eastwood if he couldn’t fill spaces.
Charla
02:02:46
Do not want to lease it if costs everyone in Waterford verses individual costs of those who use it.
Erik Whitehill
02:03:09
Is this amendment a permanent change or a onetime exception?
Jagger
02:03:15
I say we walk away. if it cost the home owner money
Madeline and Ruben Garcia
02:03:21
we should be able to offer this amenity. lots of other communities do it.
Bruno
02:03:22
Is there a chance this could become LOW income townhomes??
Stephanie Chandrasekaran
02:03:38
Bruno he needs NO permissions to make it low income townhomes
Stephanie Chandrasekaran
02:03:50
he can break ground on low income townhomes immediately
Linda
02:04:12
It should only receive income from those renting space. Homeowners should have no need to pay anything towards this at all.
Vicki Howard
02:04:21
Stephanie - are you representing him?
T. Bethel
02:04:26
There is an RV storage space on Alafaya. Would the entrance be on Lake Underhill or Woodbury? We could use part of the dog park to add a storage space if we really needed it.
Stephanie Chandrasekaran
02:04:51
Not at all. I spent a lot of my OWN MONEY fighting this guy to keep him from building that 5 story building along with Marcy and Amber. We’ve been in this fight for a long time
Madeline and Ruben Garcia
02:05:17
he said that it would be paid by who uses it. he said it in the other meeting.
Marcy Frederico
02:05:50
can the purchase be spread out over 10 years, with a very small assessment on each homeowner? 600 K divided by 3300 homes is 181 per homeowner, can't we spread this out over 5 -10 years
Stephanie Chandrasekaran
02:06:55
LISTEN TO THIS MAN!
Nino Frederico
02:06:59
I would say WLCA should absolutely consider amending its docs to allow the community to purchase this land.
T. Bethel
02:07:02
Do we know how many residents would need this? Did we conduct a study on how many homeowners have RV's/ boats?
Marcy Frederico
02:07:13
Chris Dale thank you. You make very good points
T. Bethel
02:07:30
Thank you Chris.
Stephanie Chandrasekaran
02:08:00
Exactly, Alvin! One step at a time but you need to decide if you want to take any steps at all
FloridaMary
02:08:19
Let's amend the docs and call the owner's bluff following Chris D's advice.
Marcy Frederico
02:08:51
could contract be contingent on us amending our docs?
Stephanie Chandrasekaran
02:09:27
Chris is right. If he knows we are taking serious steps, he will work with us. You need to communicate first!
Vicki Howard
02:09:35
It seems that there is no value to us as homeowners if we have to pay for something that he builds, that we may not use unless we purchase the property upfront and put what we want on it.
T. Bethel
02:09:37
What language would be used in amending our docs for this?
Marcy Frederico
02:09:56
He will only wait so long, correct
FloridaMary
02:10:27
Agreed. We must move quickly
Stephanie Chandrasekaran
02:12:48
Nothing in the documents say you can’t have a conversation
Amber Coleman
02:12:55
2.5 would include him building out the property and all of the fees associated
Marcy Frederico
02:12:59
Ken, isn't that something we could have already been looking into?
Stephanie Chandrasekaran
02:13:24
I didn’t think it was 2.5…that email said 1.8 million to build out a completed project and handover ownership
T. Bethel
02:13:31
Agree Stephanie.
Stephanie Chandrasekaran
02:13:40
and that project would take 18 months minimum
Amber Coleman
02:14:24
he won’t build townhomes. he would sell the property and someone else would build low income townhomes.
Vicki Howard
02:15:01
Something is going to be built there whether we like it or not--unless we own it
Stephanie Chandrasekaran
02:15:08
Orange county has said that traffic impact is NOT an issue for this property. This property is access challenged but it is not a traffic impact.
T. Bethel
02:15:47
Where is he wanting to put the entrance? L. U. or Woodbury?
Marcy Frederico
02:15:52
So you are okay with low income townhomes? As one of the community members who met with him, Carlos won't build anything under 46 units, so he would sell to another developer who could potentially build low income
Carlos Martinez
02:16:15
Woodbury
Amber Coleman
02:16:41
so are we going to explore changing our doc?!
Marcy Frederico
02:16:43
amend the docs?
Nino Frederico
02:16:47
The only access is via the Woodbury side.
Amber Coleman
02:17:02
move forward and amend the docs and we can then take action if and when the time comes.
Vicki Howard
02:17:05
Have a conversation with him while the documents are being changed
Stephanie Chandrasekaran
02:17:38
Negotiate a verbal and decide to move forward or not
Madeline and Ruben Garcia
02:18:00
Yes! Have the conversation as the docs are being changed.
Carla Kilgo
02:18:02
Our next Finns Cove II HOA Meeting is December 8th. I would like for someone to attend to answer questions about these three topics.
Rui
02:18:11
I'd ask him what he expects to recive from the sellof the property … that wouldn't be 'make an offer' …… just exploring options
Marcy Frederico
02:18:16
Ken, this is possible. We can do this!!!
Becky
02:18:37
Carla shot Ken an email
Marcy Frederico
02:19:02
Lack of speedy conversations is why were are here now!!
Marcy Frederico
02:19:15
let's not lose this opportunity again
Madeline and Ruben Garcia
02:19:29
Wasn’t this land offered to WCLA to purchase in the pass?
Amber Coleman
02:19:29
what is the decision, is the board going to move forward with changing the docs?
Carla Kilgo
02:19:47
So we purchase and ask homeowners to cough up money for property that we will probably have to leave set empty due to budget and cash restraints.
Vicki Howard
02:21:01
We'll spend money if it affects us positively. Change the documents, have a conversation, but letting him build whatever he wants and try to sell to us after the fact is not spending wisely
Erik Whitehill
02:21:07
I'm not interested in a permanent change, Can this be an exception?
Marcy Frederico
02:21:44
Concern understood, but are we willing to risk the alternative? low income housing possibly or land we own for possible amenities. The capital contribution fee makes more sense now
Amber Coleman
02:22:07
WLCA was offered to purchase this property before and we didn’t work quick enough to take action. don’t let it slip through the cracks again.
Stephanie Chandrasekaran
02:22:08
Townhomes would be 72 bedrooms
Stephanie Chandrasekaran
02:22:24
5 story apartment building would be 63 to 70 bedrooms
Tom h
02:23:06
wouldn’t that be high density ?
Tom h
02:23:20
I thought it was zoned low density
Amber Coleman
02:23:25
11 townhomes is not high density.
Stephanie Chandrasekaran
02:23:27
the apartment building would be high density but density isn’t determined by bedrooms…it’s determined by units
Marcy Frederico
02:23:48
Assessment spread out to homeowners, 600K divided by 3300 homes. Please do the math. It is not expensive
Donna
02:24:07
My understanding is density is based on units not bedrooms.
FloridaMary
02:24:11
Ken's words go right back to a new buyer assessment.
Rui
02:24:14
How do we pay ?, anyone that is interested can pay a part , then when you sell your own house get reimbursed , is like buying a stock
Stephanie Chandrasekaran
02:24:33
$181/home total! to buy the property. Spread that over 5 years thats $37 per home
Vicki Howard
02:24:54
Stephanie - good input
T. Bethel
02:25:08
Thank you for the breakdown Stephanie!
Stephanie Chandrasekaran
02:25:16
Capital Contribution (new buyer fee) could help with this :D
T. Bethel
02:26:08
Might be willing to vote for the Capital Contribution as long as there is an end to it.
Erik Whitehill
02:26:26
The initial assessment to new homeowners in the amount of $1K for 200 homes per year offsets a purchase
Benjamin Isip
02:26:38
Thanks for the information!
Vicki Howard
02:26:47
Cost vs value over time of purchasing undeveloped land vs whatever may be built th ere