Our Village

Dear LIVOA members,
Do you know how your swing bridge fees are calculated? The LIVOA takes the percentage of assessed values of all lots in the LIVOA and multiplies that by the swing bridge budget of $601,200. They then divide that figure by the total of 1,024 lots so that everyone pays the same bridge fee of $46.33 per month.

Sun Harbor is asking to be added to the LIVOA head count for the purpose of calculating the monthly bridge fees.
The LIOA Declarations state that a member’s share “shall be that percentage of the total assessment equal to the total assessed value of the Member’s property divided by the total assessed value of the Member properties…” The following is a summation of the individual monthly fees if they were calculated according to the Declarations and based on the 2014 assessed values and a 2015 Swing Bridge Budget of $601,200.
Based on the current $46.33 monthly bridge fee for all lot owners in the LIVOA, the following owners are paying more per month than if the LIVOA would calculate their individual bridge fees instead of everyone paying the same. 
180 lot values of $32,000 ‐ $47,974 should pay $13.33 ‐ $19.98 
127 lot values of $48,001 ‐ $67,688 should pay $20.00 ‐ $28.20 
169 lot values of $74,036 ‐ $95,998 should pay $30.84 ‐ $39.99 
175 lot values of $96,037 ‐ $111,138.00 should pay $40.01 ‐ $46.30
The 651 lots above pay MORE by paying the $46.33 that all owners pay. Based on the current $46.33 monthly bridge fee for all lot owners listed below, the following owners are paying less per month than if the LIVOA would calculate their individual bridge fees instead of everyone paying the same.
34 Lot values of $111,351 – $119,765 should pay $46.38 ‐ $49.89 
77 Lot values of $120,338 ‐ $167,961 should pay $50.02 – S69.97 
207 Lot values of $168,157 ‐ $215,678 should pay $70.05 ‐ $89.84 
55 Lot values of $217,096 ‐ $364,993 should pay $90.43 – $152.04
The 373 lots above pay LESS than their individual calculated values according to the LIOA Declarations.
What does this mean to the LIVOA owners? Out of 1,024 lots, 64% of the lower valued lots subsidize 36% of the higher valued lots. The Sun Harbor owners are paying a bridge fee of $73.90/month. This is an unreasonable and unfair burden placed upon the minority percentage of improved lot owners as compared to the LIVOA fee of $46.33. By adding Sun Harbor’s 24 units to the LIVOA head count the total monthly fee for all LIVOA and Sun Harbor properties would be $46.96/month. This is a small increase of 63 cents per LIVOA owner per month. This is pennies as compared to the 373 LIVOA higher value lot owners who are being subsidized by 651 of the lower valued lots of the LIVOA.
Sun Harbor has been criticized by some members of the LIVOA for not paying their fair share. We find that comment insulting to not only Sun Harbor but also to those 651 LIVOA lot owners who are paying more than their assessed values would indicate.
Therefore, we are requesting that Sun Harbor’s 24 units be added to the head count of LIVOA for the purpose of calculating the monthly bridge fees.
Sincerely,
Monte Schwarz,
Sec/Treasurer Condominium Owners Assn. of Sun Harbor, Inc.