Mitch, I remember there was conversation about a $75 credit for those who paid the 2010 asessment, but that was not reflected on my recent 2012 bill. Was that not passed by the BOD?
Thanks for the info.
David
mitchloftus
September 6, 2011
Yes, there WAS discussion of a credit for those who paid in the special assessment. However, that would have involved a trick where we RAISED the entire maintenance fee $75 to everyone, then GAVE BACK that $75 credit to those who had paid in the $250. The scheme was that after 3 years those who HAD paid would come out $50 ahead. This was a pretty complicated plan. Upon further reflection, the board decided that a much simpler way to handle that would be to simply assess those few who did NOT pay the $250 a “special assessment” of $75 each year until they are even, while NOT raising the assessment to everyone. We are still trying to figure out a way to “reward” those who DID pay the $250 – which is most of the owners. By doing it this way, we have eliminated a bunch of complexity, and a whole lot of effort (which means time, which means money) keeping track of coupons and the like.
Comments
Mitch, I remember there was conversation about a $75 credit for those who paid the 2010 asessment, but that was not reflected on my recent 2012 bill. Was that not passed by the BOD?
Thanks for the info.
David
Yes, there WAS discussion of a credit for those who paid in the special assessment. However, that would have involved a trick where we RAISED the entire maintenance fee $75 to everyone, then GAVE BACK that $75 credit to those who had paid in the $250. The scheme was that after 3 years those who HAD paid would come out $50 ahead. This was a pretty complicated plan. Upon further reflection, the board decided that a much simpler way to handle that would be to simply assess those few who did NOT pay the $250 a “special assessment” of $75 each year until they are even, while NOT raising the assessment to everyone. We are still trying to figure out a way to “reward” those who DID pay the $250 – which is most of the owners. By doing it this way, we have eliminated a bunch of complexity, and a whole lot of effort (which means time, which means money) keeping track of coupons and the like.