Fee Schedule Updates for Non-Property Owner Club Members
Your Landings Association Board of Directors is tasked with maintaining the privacy of our community and its residential nature, as well as supporting property values by promoting property ownership to access our many amenities. Your Association also works closely to support our on-island partner, The Landings Golf & Athletic Club.
When the Club faced economic challenges following the Great Recession that ended in 2009, the Association worked with the Club as they began selling memberships (capped at 100) to non-Landings property owners (NPO). In 2010, The Landings Association put an access fee in place for those new members, as well as for previous Landings property owners (PPO) who remained Club members. These fees haven’t been meaningfully adjusted in 14 years, despite rising Association expenses.
After months of study, the Association’s Board of Directors adopted a new fee schedule for these special categories of members. Starting March 1, new rates will go into effect as follow:
- Previous property owners (PPO) who remain Club members will pay 7.5% of the Annual Dues. These members have paid full Annual Dues for years, contributing to the Capital Reserves Fund, and have been an integral part of the community.
- Club members who were never property owners (NPO) will pay 25% of the Annual Dues. These members have not paid Annual Dues, and therefore have not contributed to the Capital Reserves Fund.
The Board believes the above will provide a fair compromise to offset the costs of such items as access control (e.g., Security officers, the gates, cameras, etc.), roads travelled on, as well as other associated infrastructure that all who visit our community enjoy.
This article was originally published by The Landings Association on their website. Visit landings.org to read the original article. https://landings.org/news/2024/01/05/fee-schedule-updates-non-property-owner-club-members
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