A presentation by Hansford Economics & Freshtracks Consulting pertaining to the “Somersett Owners Association Amenities Assessment Report” will occur on Wednesday, July 22 at 5:30 PM in the Canyon View Room at The Club at Town Center
As background information, in September of 2014, the Somersett Owners Association (SOA) Board of Directors issued a $25K contract to Hansford Economic & Freshtracks Consulting for an “Amenities Assessment and Planning Process”. The scope of work to be performed was summarized as follows: “Objectively analyze existing and potential demands on SOA amenities and provide recommendations for any changes to existing and planned facility offerings. Design and facilitate a process to create a five year plan with short-term and long-term goals/projects.” This report was finalized in February 2015, and may be accessed by clicking on the following link: SOA Final Amenities Assessment Report
Note that this presentation will follow the Special Board Meeting on the Canyon Nine Pipeline Project (see previous post dated July 13th) to be held at 4:00 PM, same date, same place.
In response to a homeowner comment on the Canyon Nine Pipeline post inquiring, “Any thoughts of raising fees for course usage to cover the cost of course maintenance”, the following data derived from the SOA 2015 Budget is offered.
- Annual operating expenses for Canyon Nine – $324K
- Annual revenue realized from Canyon Nine – $41K
- Monthly unit assessment to support Canyon Nine – $10
Given the above it is obvious that raising usage fees to cover a $283K deficit is not practical. As with all Association amenities Canyon Nine is not self supporting and therefore reliant on homeowner assessments.
Homeowners are encouraged to attend both meetings to become informed on future planning for our community and to offer their comments, questions and/or concerns.