Do you have any listings in Pelican Bay? Below, you will find important information pertaining to the new fiscal year which begins October 1, 2018 and runs through September 30, 2019. The new fees and a proposed assessment will be discussed at the next Board of Directors meeting. Please note that there will be revised forms posted on the website in the near future to reflect the new fees beginning October 1, 2018. Such forms include the estoppel certificate, lease application and various covenant application forms.
The Fiscal Year (FY) 2019 Annual Budget and associated annual assessment has been prepared and will be voted upon by the Board of Directors at their regularly scheduled meeting on Friday, August 17, 2018, at 8:30 am at the Community Center (Open to Pelican Bay members only).
The FY2019 (from October 1, 2018 through September 30, 2019) proposed assessment per unit is as follows:
Operating Fund Assessment – $1,212
Replacement Reserve Fund Assessment – $264
Bulk Media Agreement – $984
Total – $2,460
In addition to the annual assessment, the FY2019 budget includes some fee structure changes that will become effective at the beginning of the Foundation’s new fiscal year, October 1, 2018. The new FY2019 fees will be:
Resale Capital fee – $7,500
Resale Capital Assessment Exemption fee – $500
Rental fee – $250 (per lease – includes 2 tenants)
Additional Tenant fee – $100 – (per tenant)
Estoppel fee – $250 (per estoppel)
Architectural Design Review fee (major project) – $2,500
Architectural Design Review fee (change in lot coverage) – $500
For any further inquiries, please email Brent Edwards, Membership Coordinator, at BEdwards@pelicanbay.org.