Won’t this Capital Initiation Fee make it more difficult to sell a home or lot?
A. In discussions with other communities, there was no detrimental effect on sales. The real estate professionals should be able to sell this fee as a positive for the community and property owner. Q. I heard there were going to be exclusions for current property owners and builders. Please explain. A. When the committee originally recommended the flat fee method for calculating the CIF, we felt current property owners were already paying towards the community infrastructure with their monthly assessments and the special assessment. We intended to waive this fee if they bought a lot or another home in Big Canoe. We also didn’t want the builders who buy a lot and build a spec house to pay $4,000 on the lot purchase, and then the new buyer of the home pay $4,000. Our POA attorney now says we need to treat all property owners alike with this new fee. So, we cannot have the intended exclusions. This is another reason for moving from a flat fee of $4,000 to the percent method for calculatin
