Comments on: The Capital Initiation Fee (CIF) and the Seller’s Disclosure Statement http://4kfee.com/against-it/the-capital-initiation-fee-cif-and-the-seller%e2%80%99s-disclosure-statement/ What are your thoughts on the proposed fee? Thu, 09 Feb 2012 18:20:22 +0000 http://wordpress.org/?v=2.5.1 By: admin http://4kfee.com/against-it/the-capital-initiation-fee-cif-and-the-seller%e2%80%99s-disclosure-statement/#comment-39 admin Wed, 12 Mar 2008 16:49:46 +0000 http://4kfee.com/against-it/the-capital-initiation-fee-cif-and-the-seller%e2%80%99s-disclosure-statement/#comment-39 Keep in mind that there has been a verbal agreement to answer questions posed on this site. I'll be pulling questions out of various posts to submit to the LTFC, and hopefully they will do their best to answer them. If you have any specific questions you would like submitted, please email them to admin@4kfee.com. Keep in mind that there has been a verbal agreement to answer questions posed on this site. I’ll be pulling questions out of various posts to submit to the LTFC, and hopefully they will do their best to answer them. If you have any specific questions you would like submitted, please email them to admin@4kfee.com.

]]> By: YourMoveHome.com http://4kfee.com/against-it/the-capital-initiation-fee-cif-and-the-seller%e2%80%99s-disclosure-statement/#comment-38 YourMoveHome.com Wed, 12 Mar 2008 13:30:25 +0000 http://4kfee.com/against-it/the-capital-initiation-fee-cif-and-the-seller%e2%80%99s-disclosure-statement/#comment-38 Please post also on the POA site - obviously they are not responding here. Yes you will have to disclose on the Seller's Disclosure. Any agent that takes a listing will insist it be there - even if the seller does not disclose it - the agent must per licensing law. Ask the POA what the costs of the clubhouse is - the comments in here are mostly residents like you and me demanding accurate information. Please go to the POA forum and ask those questions. You have to be your own advocate for these things. They think other communities are charging these fees and they ARE NOT! Talk to your realtors - some are already losing buyers to this issue. There are 239 Homes, 118 Lots, and 8 Condos on the market now! There are only 11 Pending Sales - wow that is up from 8 - We should have 20% of those under contract at this time of year. April is the biggest month in BC and the POA has set this up to be not so good. Its up to you residents! Please post also on the POA site - obviously they are not responding here. Yes you will have to disclose on the Seller’s Disclosure. Any agent that takes a listing will insist it be there - even if the seller does not disclose it - the agent must per licensing law. Ask the POA what the costs of the clubhouse is - the comments in here are mostly residents like you and me demanding accurate information. Please go to the POA forum and ask those questions. You have to be your own advocate for these things. They think other communities are charging these fees and they ARE NOT! Talk to your realtors - some are already losing buyers to this issue. There are 239 Homes, 118 Lots, and 8 Condos on the market now! There are only 11 Pending Sales - wow that is up from 8 - We should have 20% of those under contract at this time of year. April is the biggest month in BC and the POA has set this up to be not so good. Its up to you residents!

]]> By: olddawg http://4kfee.com/against-it/the-capital-initiation-fee-cif-and-the-seller%e2%80%99s-disclosure-statement/#comment-37 olddawg Tue, 11 Mar 2008 20:51:57 +0000 http://4kfee.com/against-it/the-capital-initiation-fee-cif-and-the-seller%e2%80%99s-disclosure-statement/#comment-37 The various "facts" posted on this site are confusing. One states that the cost of the clubhouse increased from $5M to $10M. Another states it increased from $4M to $12M. There must be documented original and current costs. What are the facts? What caused the increases? Was there a vote by the Board? How many are required to pass an increase? It is hard to believe that two votes can pass an increase. How many voted to approve the increases? Why would the developer vote for this fee? Wouldn't he pay for each of the 2,000 homes to buildout? If they average $500,000 isn't it better for the developer to pay this $10M than for property owners to pay it? The various “facts” posted on this site are confusing.
One states that the cost of the clubhouse increased from $5M to $10M. Another states it increased from $4M to $12M. There must be documented original and current costs. What are the facts?
What caused the increases?
Was there a vote by the Board?
How many are required to pass an increase? It is hard to believe that two votes can pass an increase.
How many voted to approve the increases?

Why would the developer vote for this fee? Wouldn’t he pay for each of the 2,000 homes to buildout? If they average $500,000 isn’t it better for the developer to pay this $10M than for property owners to pay it?

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