Reply to Pool Assessments? $2500 per family plus huge dues hike

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Reply to "Pool Assessments? $2500 per family plus huge dues hike"

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[quote=Anonymous][quote=Anonymous]Op, explain what it is they are having done. No one can comment intelligently without knowing some details.[/quote]

Total pool overhaul, total bathroom overhaul, new driveway, new parking lot. Pool foundation is leaking, trees damaged foundation. They say its like 3.5 million project - costs have gone up, etc. It feels like they could just do the pool and the driveway and leave the parking lot and bathrooms for another day, but they don't want to do that. The renderings are very nice, but they claim we are losing members from wait list because there is not a separate "learn to swim" area which seems speculative. It's a lot of money, and we scrimp in other ways to pay for it because kids love it so much. Membership is capped under 400 because of county regulations, so they essentially need a large assessment to get a good interest rate for loan. They have healthy reserves but don't want to use them (this also has something to do with the interest rate). [/quote]

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