CIF Increase Proposal
Board of Directors Statements
Nancy Seward
Over the last few years, I was satisfied to see some long overdue upgrades to our aging facility infrastructure-the bath and locker rooms, hot tub replacements, court renovations, back lawn service shed, Campton Mountain upgrades,….Yet, now, as a Board member, I see the challenges we have in doing more for our facilities and how the burden of necessary upgrades has shifted back to the homeowner through our taxes because our CIF fee has not kept up with inflation. We all invested in this community by paying our CIF fee when we purchased a property. It is critical that incoming buyers/developers pay an inflation-adjusted fee in order to maintain the value of our common property, to increase enjoyment, and to lower the negative effect on our tax rate from capital Improvements projects.
Linda Ivers
Dear fellow WEA owners,
Over the years the CIF fee for home and land buyers has been instrumental in keeping our facilities and amenities updated and has provided many new improvements. The recreation facilities offer a wide range of activities, ensuring there’s always something fun to do for residents and guests of all ages. The sense of community here is special, with friendly neighbors and regular events that bring people together. To maintain and enhance the amenities and services that make Waterville Estates so special, we propose a modest and gradual increase in new buyer fees. This adjustment will ensure that we can continue to provide the highest quality facilities and activities for all residents. The additional funds will be allocated towards the upkeep and improvement of our pools, courts, and recreation areas, that will further enrich our community experience and help defray costs for the Village District.
We believe this small increase is a worthwhile investment in the continued excellence of our resort community, ensuring that it remains a desirable destination for current and future residents alike.
Sue Spinney
“We were first attracted to this community by a person we met on a chairlift at Waterville Valley. They told us about Waterville Estates and all of the amenities that this community offers. When we decided to buy into the community in 2009 we recognized that paying into the Capital Improvement Fund (CIF) was an investment in our, and our children’s future. The CIF is funded by real estate transactions…NOT by the owners. People that are buying into the community are investing in the continuing maintenance and improvements of our recreational assets. As the costs of maintaining our amazing facilities have increased the initial cost to new buyers has not kept up with these increases. As we grow these increases are essential in maintaining the level of recreational offerings that our community enjoys. For this reason I support the proposed increases.”
Billy Mitchell
Increasing the CIF fee now is vitally important to offset the severe erosion in buying power since 1983 and enable the CIF to continue its mission of providing needed capital improvements while minimizing the need for increased dues/taxes on our current membership.
Dave Ketcham
The Capital Reserve Fund is critical to maintaining the quality and functionality of all amenities. Without a well funded CIF, amenities would either diminish or additional property taxes would need to be appropriated through the District. Higher property taxes and poorly maintained amenities would diminish our community property values more than the impact of this CIF increase during a real estate sale. Please vote yes.