Proposed: The Raintree Plantation Property Owners Association, Inc. on July 1, 2025, and monthly thereafter, shall have the right to assess the owner of each lot such sum as it shall deem proper. The funds raised by said assessments shall be used for the improvement, betterment, upkeep, and maintenance of the development, including the amenities, lakes, dams, roads, park, or other properties which are of use to the property owners in Raintree Subdivision. Said fund can also be used for the purchase of property, both real estate and personal, the payment of salaries and fees, and purchasing of any sort of materials, services, or any other item that the trustees may deem useful for the development known as Raintree Plantation.
•Up to 2 Total Lots without Residence – $50 per month
•Up to 2 Total Raintree Forest Lots without a Residence – $100
•Up to 2 Total Lots with a Residence – $100 per month
•Up to 2 Total Raintree Forest Lots with a Residence – $150 per month
•Up to 3 Total Lots without a Residence – $125 per month
•Up to 3 Total Lots with a Residence – $125 per month
•More than 3 Total Lots without a Residence – $150 per month
•More than 3 Total Lots with a Residence – $150 per month
•Raintree Condominiums – $300 per unit annually (contracted at 50% of a lot without a residence rate)
•The definition of a lot is based on how Raintree Plantation POA recognizes lots per the original development plot maps.
•The assessment covers all lots owned by the owner under a common name on the deeds, up to eight (8) lots; up to (2) lots for Raintree Forest. Multiple residences in a common deed name are assessed per residence. Excess lot ownership will start another assessment at the appropriate level for the lot owned.
Lots that are not commonly named on the deed represent a separate vote and thus a separate assessment.
The all-in assessment will include:
•road replacement and maintenance
•bio-dredging for all four lakes
•improved security
•no charges for stickers (documents will continue to be required)
•no charges for the Pavilion rental (deposit will continue to apply)
•construction bonds will be fully refunded, upon satisfactory completion of the project per the ACC approved plans, without any administrative fees, except for new home construction, seawalls and boat houses
•enhanced online tools for property owners will be available
The new revenues will be spent per the five-year+ financial plan, assuming adequate assessment payments are collected. In the scenario where inadequate assessment payments are collected the POA Board must adhere to the minimum expense spent on the following amenities.
- Lakes 5% of collected revenues. Minimum $96,000
- Security 6% of collected revenues. Minimum $115,000
- Roads 21% of collected revenues. Minimum $400,000
- Roads will be the single largest expense and as a result the catch all category for any fluctuation in price index, uncollected revenue and collection costs. The POA Board must spend the funds in accordance with the five-year+ plan. The POA Board does not have the authority to fund the above items at less than the minimum in any given year.
The POA Board has the authority to lower the assessment from year to year if the prior calendar year ending bank checking balance exceeds $1,000,000 with all known future projects completed.
Except for these adjustments, no assessment shall be made unless it shall be approved by a majority vote of the lot owners voting as hereinafter set forth in said assessment, and provided further that the assessment as levied each year month shall be and become a lien without a filing or suit or legal procedure to establish said lien on said lot if not paid within thirty (30) days after July 1 the 1st of each month, of the year month in which the assessment is made. Said assessment may be collected by suit, and by enforcing a special lien on said property. All delinquent assessments shall accrue a penalty of 2% per month compounded annually, which penalty may be collected and enforced the same as assessment. All delinquent assessments referred to a collection agency or attorney for collection, shall in addition to interest, have added to the outstanding balance, all costs of collection (either percentage or otherwise), attorney fees and costs of litigation, which may likewise be collected and enforced the same as provided herein.
These Covenants will be changed accordingly with the majority vote of Ballot Item 5. These Covenants do not change if Ballot Item 5 does not gain a majority of the membership vote.
Covenant 3, 3a, 3i
(i)
Levy a Censure Assessment (Censure Assessment as used in this section shall mean an assessment subject to lien against the Owner’s land, directly related to violation of Covenants, restrictions or rules and regulations), after notice and opportunity to be heard, for a violation of the Governing Documents in such amount as the Board deems reasonable and in keeping with its predetermined published violation grid, taking into account the nature, duration, and other circumstances of the violation, but not to exceed $1000.00 for the violation and not to exceed $50.00 per day or per incident that the violation continues after notice and opportunity to be heard. Any unpaid Censure Assessment shall be additive to annual monthly assessments and be enforceable in the same manner as other assessments under these Covenants and Restrictions
3g
The Board may submit a proposal for a Special Assessment to the Owners when there is a need for additional funds to preserve common property or to protect the interests of the community which shall be voted on pursuant to the methods set forth in Paragraph 4b. Voting may be at the annual meeting or a special meeting. The proposed Special Assessment shall identify the dollar amount, period of time and use of the proposed Special Assessment. Any and all Special Assessment funds shall be held in a separate designated account and shall only be used for the specific purpose. Upon approval by the membership, the Special Assessment shall be due no later than 90 days after written notice of said Special Assessment. Collection enforcement for nonpayment of special assessments shall be the same as those for annual monthly assessments under these Covenants and Restrictions.
Reason:
Budgetary items at large.
•Approximately $12,000,000 to get roads up to standard. Once complete ~10 years, there will be a $200,000 – $500,000 need for maintenance.
•Approximately $1,500,000 to get the lake treated properly. This can be paid upfront or over a 5-year period with interest. The cost after implementation would be reduced cost for maintenance and support only approximately $125,000/year.
•Security:
o $150,000 per year for security guard during evening and off hours. or
o $250,000 per year for security for 24/7 guards.
o $150,000 Upgraded Gates and Entrances with Enhanced Access control.
o Approximately $35,000 for Enhanced Camera support working with local police/government.
•Expense unknown – Catch basins for major waterways to lakes.
•If the All-In passes there is more room for donated products and labor for amenities or upgrades to Raintree if desired.
•Possible additional amenities:
o Expanded Beach
o Beach parking
o Storage lot for boats, trailers, and RVs
o Upgrades to live stream meetings
o Playground
o Upgrades to camping sites
o Mini Marina – short term storage, ice, fuel, etc.
- Eliminate any COLA requirements.
- Buildup ICF fund to required maximums.
“All In” voids the current assessment increase and COLA moving forward.
Ballot Item 5 would take effect July 1 2025 with monthly assessment payments.