Log in

RCSCW board ready to make APF changes in Sun City West

General manager provides final update

Posted 2/16/20

Recreation Centers of Sun City West General Manager Bill Schwind expanded on the need for changes in the asset preservation fee, set for a final vote in the RCSCW board’s next meeting.

You must be a member to read this story.

Join our family of readers for as little as $5 per month and support local, unbiased journalism.


Already have an account? Log in to continue.

Current print subscribers can create a free account by clicking here

Otherwise, follow the link below to join.

To Our Valued Readers –

Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.

For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.

Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.

Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.

Sincerely,
Charlene Bisson, Publisher, Independent Newsmedia

Please log in to continue

Log in
I am anchor

RCSCW board ready to make APF changes in Sun City West

General manager provides final update

Posted

Recreation Centers of Sun City West General Manager Bill Schwind expanded on the need for changes in the asset preservation fee, set for a final vote in the RCSCW board’s next meeting.

He said the fee is collected from all new property owners and go to the capital improvement costs for the association.

“When we are getting new individuals in, often times they have new demands and this has a new impact on our community,” he explained. “In this organization, when a home is sold or resold, capital money is derived and used for new demographical needs and those types of things.”

Mr. Schwind said revenue generated last year was just under $4 million, with a $350,000 approximate increase.

Additionally, Mr. Schwind shared this fiscal year’s refunds are at nearly 10 percent. He said this was to residents selling their homes and repurchasing back in Sun City West.

“That’s a positive thing and our facilities are pretty special and people are opting to stay put,” Mr. Schwind said.

He added the simplest way to understand the fee is all new owners pay. He said they chose to deal with refunds as opposed to not having someone pay. He said basically it has to do with home flippers and people coming in and turning houses.

“On the investment side we are dealing with people who have tenant cards issued for more than three months during the past 12 months,” he said. “Legal owners and beneficiaries that are identical on deeds then they are exempt.”