In January, you will have the opportunity to vote on a proposed amendment to the PebbleCreek Covenants, Conditions, and Restrictions (CC&Rs). The proposed amendment will establish a fee, called the Community Enhancement Fee (CEF). The fee will provide additional funding for homeowner-desired improvements, as well as a possible supplement to 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 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 the HOA is no longer under RCI control. RCI is providing PebbleCreek 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 financial stability of PebbleCreek, which is essential to maintaining property values.
The Community Enhancement Fee Task Force will present their findings and details about the amendment at four informational meetings. All homeowners are encouraged to attend one of these important sessions.
January 10 – 10:00 a.m.; Tuscany Falls Clubhouse
January 11 – 2:00 p.m.; Eagle’s Nest Ballroom
January 14 – 7:00 p.m.; Tuscany Falls Clubhouse
January 17 – 10:00 a.m.; Eagle’s Nest Ballroom
Additional information about the amendment, amendment policy and the voting process will be available on the PebbleCreek HOA website.
As a PebbleCreek 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, we 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.