HOA Fees

[DTisme]

HPP: Haven't received bill for 2016 yet. Past 4 years were $275/yr.

[flyingsurfer]

HPP $285 this year.

[Obie]

Vacationland is $221.45 for residential and $292.31 for commercial properties.

This what it actually costs to maintain the streets in a very small residential neighborhood.
Because we have very tiny lots, we generate more money per mile than any of your subdivisions !!

[beejee]

@flyingsurfer is that $285 the "annual road fee"? So basically, the HPP road fee encompasses the HOA dues + road fees and represents all those fees HPP residents primarily spend on lawsuits instead of using those fees for their intended purpose?

Oil is at an all time low, perhaps as low as when HPP took out the bond to pave all the roads in the first place. Seems to me that this year would be a banner year to pave a hella lot of roads now that our "road" fees are maxed at $285 and the price of oil is so low. But instead, we pay lawyers. I think I won't pay my HPP fees this year.

[DTisme]

beejee, what do you mean maxed out? Was there a cap set?

[beejee]

DTisme, as I recall from the paperwork I saw a few years back, the fees schedule was laid out over a 20 or so year period and could grow by an amount not to exceed 10% per year up to a limit of $285/yr. I'll see if I can find a reference to that info and post a link.

[flyingsurfer]

One of the biggest problems HPP has is people not paying there road fees. So the rest of us have to pick up the slack. We do go after people who do not pay. That can result in a lean or foreclosure. So by all means don't pay your dues Beejee. The bond also puts a noose around our necks. Whose idea was that. We have an opportunity to refinance it in 2017. Which is being pursued.

[beejee]

flyingsurfer, this is probably a topic for another thread, but how exactly are you picking up the slack for people not paying their road fees? I've been paying my road fees. But it seems that the money I'm paying for roads isn't being used for roads. That's where my frustration lies. I feel like I'm at the point I don't want to throw more good money after bad. Regarding refinancing the bond, not sure I'd use the word opportunity, sound like another noose to me.

[flyingsurfer]

Lower interest rate. The bond takes a large chunk of our road fees. Cost going up. More people moving into HPP. More wear and tear= more maintenance= higher costs. People who don't pay, means those who pay have to pay more. To make up for those who do not pay.

[Obie]

quote:

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Originally posted by beejee

DTisme, as I recall from the paperwork I saw a few years back, the fees schedule was laid out over a 20 or so year period and could grow by an amount not to exceed 10% per year up to a limit of $285/yr. I'll see if I can find a reference to that info and post a link.

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There is no limit or max it can go on forever.All road associations have the same clause because it is so hard to increase the fees.

The price of oil still isn't lower than it was when the bond was issued.