02-15-2011, 03:56 AM
My understanding is that road fee increases are limited to a maximum of 10% per year without a vote of the membership. At that rate, with an annual 10% increase, the fees will reach $617.31 at the end of 10 years.
Using the 'rule of 78' and an annual increase of 10%, the fee doubles every 7.8 years, so to reach $1500 will take about 20 years.
That said, it is not impossible that the Association will attempt to apply a special assessment on property owners some time in the future to partially alleviate the mind boggling level of debt that has been incurred to pay for roads.
Our best hope is that 1. we get some money from the RFT to help out, or 2. the County take over the roads.
Using the 'rule of 78' and an annual increase of 10%, the fee doubles every 7.8 years, so to reach $1500 will take about 20 years.
That said, it is not impossible that the Association will attempt to apply a special assessment on property owners some time in the future to partially alleviate the mind boggling level of debt that has been incurred to pay for roads.
Our best hope is that 1. we get some money from the RFT to help out, or 2. the County take over the roads.