In January, you will have the opportunity to vote on a proposed amendment to the Quail Creek Covenants, Conditions, and Restrictions (CC&Rs). The proposed amendment will establish a fee, called the Community Improvement Fee (CIF). The fee will provide additional funding for homeowner-desired improvements, as well as, a minimum of 10 years of supplemental funding for the Reserve fund. The fee will be equal to one year’s annual HOA dues and will be assessed to the new owner upon the purchase of an existing home.
Most Robson Communities, Inc. (RCI) communities have amended their CC&Rs to add a resale buyer’s fee of some kind to help fund future expenditures. However, most have had to wait until after transition, which occurs after all the new homes have been built, and they are no longer under the developer’s control. The developer is providing Quail Creek with the opportunity to change their CC&Rs now, instead of waiting until after transition, to include the same verbiage that would typically be incorporated after transition. This would allow the HOA to begin collecting funds now instead of waiting until after transition. Establishing the fee now will help maintain the financial stability of Quail Creek, which is essential to maintaining property values.
Many homeowners have asked to have another vote on this issue in light of the results of the 2018 Reserve study. That study recommended homeowner dues increases of $15/month for 2019 and $10 per month in 2020. Additional dues increases will be necessary in the future for capital improvements that are not specifically covered by the Reserve fund. Every dollar collected through this fee is a dollar homeowners will not pay in increased dues or special assessments.
All homeowners are encouraged to attend one of the following Question and Answer sessions to be held in the Madera Clubhouse Crystal Ballroom:
As a Quail Creek homeowner, you have the opportunity to participate in deciding on this important issue for your community. Before you cast your ballot for or against the amendment, I encourage you to read the amendment in its entirety and do your due diligence by researching and investigating the facts. Whatever you decide, please vote so that we can hear from everyone on this issue. ~ Jack Sarsam, QCPOA Board of Directors President
Amendment to Declaration of CC&R's - 7.14 Community Improvement Fee
Voting Information Coming Soon.
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