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Please use this page as your resource to learn more about the required three-year Property Owners Annual Dues (Assessment).
2024-2026 Annual Dues Voting Packet
MESSAGE FROM THE BOARD PRESIDENT AND GENERAL MANAGER
ANNUAL DUES FAST FACTS & SUPPORTING ARTICLES
How Much are the Required Annual Dues?
Dear Landings Association Members,
The Annual Dues will average $2,519 over the next three years (please see chart below):
- 68% of the first-year increase is allocated to the restricted Capital Reserves Fund.
- Even with the increase, The Landings’ Annual Dues will remain on the very low end of the national average:
- Average National Annual Dues: $2,400 - $3,600/year (Realtor.com)
Vote “Yes” to maintain our infrastructure and services, and to remain competitive with other communities.
To learn more about the Annual Dues Proposal, visit www.landings.org/annual-dues.
ANNUAL DUES FREQUENTLY ASKED QUESTIONS
Question: What do the Annual Dues pay for?
Answer: The Annual Dues, along with other revenue, help fund the Public Works Department that maintains and improves common property, including 91 miles of roads, 80 miles of storm drains, 30 miles of trails (22 paved), lagoons, trees on 715 acres of Common Property, and Landings Association vehicles. The Security Department oversees security for our 8,500 residents and the 3.7 million vehicles that enter The Landings each year. Security Officers perform premise checks of private and common property and provide emergency assistance to residents.
A substantial portion of the Annual Dues revenue goes to the Capital Reserves Fund that is restricted for repairs and replacements of our capital assets, such as bridges/structures/equipment, roads, community paths, and storm drains/lagoon structures. Our community has $60 million in capital assets. The reserves are an orderly system to fund their repair or replacement.
The Dues also fund General Administration; Community Development (architectural reviews and development activities, as well as Private Property Maintenance Standards inspections); Communications and Community Outreach (website, app, The Landings Journal, Landings Notes & News, Annual Report, The Landings Residential Directory, and voting packets); and staff that you can reach in person and via phone or email at the Association’s office.
Question: Why is the amount not a flat amount for each of the three years?
Answer: A larger increase is needed in year one to maintain at least 30% funded in the Association’s Capital Reserves, the absolute minimum for what is considered “adequate” by industry standards. Of note, 68% of the first-year increase will go to Capital Reserves.
Question: How many votes does it take for the Annual Dues to pass?
Answer: The Landings Association’s Covenants have very strict requirements for passage of the Annual Dues. To reach a quorum, at least 60% of the property owners must vote. For the Annual Dues to pass, at least two-thirds of those voting must vote in favor.
Question: Why does half of the Association’s Operating Budget go to staffing?
Answer: The Landings Association is a service organization, and staffing expenses are in line with such organizations. Think about the Security Officers who staff the gates, patrol the community, respond to calls, and lead the ambulances directly to homes at least twice a day. Picture the Public Works employees who maintain the community, such as sweeping the streets, removing debris, trimming trees, treating lagoons, clearing and cleaning storm drains, and overseeing repairs and replacements of the streets and community paths. The Customer Service staff answer calls, handle walk-ins, and help register commercial vendors. Marinas staff, both full time and seasonal, move boats and assist the record number of boaters at our two, fully occupied marinas. Those are only several examples of your Association staff at work for you.
Question: How much of the Annual Dues goes toward marketing The Landings?
Answer: Zero dollars. The Landings Company (not The Landings Association) funds the marketing of The Landings using net revenues from property sales commissions.
Question: I thought the County handled our roads, storm drains, etc. Is that accurate?
Answer: No. Because The Landings is a private, gated community, this infrastructure is private and must be maintained by the Association.
Question: How do I find out more information or ask questions about this process?
Answer: Please visit www.landings.org/annual-dues or email email@example.com.
Question: How can I help support our community?
Answer: Vote “Yes” for the Annual Dues increase on March 15, 2023.