Welcome to CROV Association, Inc
Our Community
Our community was founded in 2007, a development that was taken over by Kolter Homes. The community has been under developer run POA for 17 plus years. This is well outside the standard and a huge outlier in Florida. We have to ask why? There is an associated CDD (CDD#5) also run by Kolter Homes. To date we have no resident board member for Village Emilia (VE) nor Verano Property Owners Association (VPOA).
Community Amenities
Do you know we don't own our amenities? At POA to HOA turnover, Kolter will sell the amenities, offering purchase to residents first, for approximately $55M - or $22k per home (based on buildout of 2775). Note: if residents choose "not to buy" they can sell to third party and open to the public as they so choose.
This was not disclosed to homeowners at closing. In fact, the Developer can change the dollar value at will, along with any other "Rules" without resident disclosure. They only have to file the changes with the County Clerk and we have to abide by what they state. Our amenities are currently owned by an entity of Kolter Homes, who take profit right off the top calling them Membership or Owner Fees. A recent court case decision by Florida Supreme court ruled against this developer model, please refer to Avatar V Gundel for complete details. Despite the ruling, Kolter continues to profit off the homeowners.
BUDGET DOCUMENTS
NOV 6 Budget Meetings: By now you have seen the notices and Budget Docs for both Village Emilia and VPOA. It appears our DUES are increasing approximately $100 per quarter (depending on your lot size figure). The developer run BOARD and LANG Management continue to exclude the Club budget from our view (they say they can because it is private / for profit club-yet we cannot opt out of this private club). CROV will be inquiring on several points, not the least of which is: Since the biggest expense is LANDSCAPING, and we are told they (we) got a much better 'deal' with ULS (vs IMPACT); then why are the dues going up? WE will also be asking for the final expense totals....we want to see EXACT EXPENSES for the year end. What happens to any money unspent (from projected budget).