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Committee backs $20-per-year, five-year master-plan funding recommendation
Summary
The committee agreed to forward 'Option A' — a $20-per-year APF increase for five years — to the governing board as the preferred way to fund the community master plan; staff said the approach preserves flexibility to pivot to other funding options later.
The Budget & Finance Committee on April 7 recommended the governing board consider 'Option A' for funding a community master plan: a $20-per-year annual property fee (APF) increase for five years, paired with an APF/dues model the committee said would allow flexibility.
Presenter Mr. Swan summarized the modeling and said the committee favored Option A after evaluating alternatives. "We considered two different options basically and we went with option A which was the $20 a year for five years," he said.
Committee members asked whether the outside consultants who prepare the master-plan recommendations would also advise how to raise money for proposed projects. Cliff replied that consultants can advise on priorities and design, but not on local revenue-generation mechanics; staff identified several funding options available to the community, including a loan, special assessment, fundraising and phased APF/dues increases. Cliff told the committee the recommended option allows the association to start work now and pivot later if a different funding path (for example, a community vote for a special assessment) becomes preferable.
The committee asked staff to forward the recommendation and supporting modeling to the governing board for final direction; the governing board will decide whether to adopt the proposed fee schedule, pursue alternative funding or put measures to a community vote.
