LEADERSHIP
Patty Ashbrook, General Manager / COO Mike Cahill, Board President
Here are few facts to keep in mind: • The Board may decrease the NOCC fee at any time without a vote if competition or economic conditions dictate. • This increase of the NOCC fee may go a long way to help mitigate any assessments in the future. • Having new owners pay for new amenities insures that the members who are using these amenities are actually paying for them. • This increase will include the value of the last Capital Improvement Assessment that was paid in 2015 for the renovations and expansion of the Canyon and Meadow clubhouses. • This increase will go a long way to cure the perception that Forest Highlands isn’t the place to be because of our unusually low NOCC fee. Purchasers have actually skipped looking at property here because of this false perception. So the Board is asking for your YES vote on this one time change. We have deliberated over this for some time and honestly don’t see a downside. As always, the Board will carefully weigh all factors in the future to determine if the NOCC fee is appropriate. Finally, I’d like to say farewell from my position on the Board. Forest Highlands is a fantastic community and with few exceptions… dedicated members who care for the common good. I’d like to thank the Board members, Patty and the Leadership team, and most of all the members for supporting what we’ve accomplished and making this a very rewarding experience.
Hi everyone,
Most Voice in the Pines letters this time of year start out talking about what a nice year it’s been, how much we’re going to miss Forest Highlands this winter, and what nice fall weather we’ve had recently. Well, this letter is no exception! It has been really nice to have a more normal year without masks, etc, and to be able to enjoy the amazing fall weather with cool nights, changing leaves, and great golf course conditions. BUT, please don’t forget about Forest Highlands this winter. The Club has activities planned all season, the Meadow is open for dinner on the weekends and there’s nothing better than a fire in the fireplace during a snowstorm. Especially when warmer weather is only two hours away!! However, before we all shift gears to the winter mode we still have business to address.This concerns the New Owner Capital Contribution (NOCC) fee buyers pay when they buy a Forest Highlands property. This fee goes a long way to help pay for new projects around the Club, and at present it is way too low compared to other high level clubs such as ours. Our CC&R’s limit the amount of an annual increase the Board may impose to the NOCC fee and currently ours is in the mid $50 thousand range. Initiation fees at Pine Canyon are $150,000, Flagstaff Ranch $80,000, and most high level Valley clubs are higher than we are. Our CC&R’s do allow for ONE TIME increases of more than the allowed annual increase only with a member vote. So the Board of Directors is asking you, the members, to approve a one time increase of the NOCC fee to $100,000. We will need 50% of members plus one to vote, and we are planning to start the vote November 15th. After this one time increase the existing annual fee increase, if needed, will revert to the normal calculation.
Warm regards and best wishes to all of you!
Mike Cahill
VOICE IN THE PINES | NOVEMBER 2022 2
Powered by FlippingBook