The one time $3,000 is a preservation fee for the many recreaction centers that are available to all owners in Sun City, AZ 55 and older community. If you go to http://www.sunaz.com you can check out everything that is available to owners. The capital preservation fee keeps the many facilities in outstanding shape. If you move from one home to another within the community you will not have to pay the fee again. The $300 is a transfer fee similar to may HOA transfer fees. The homes in Sun City are very affordable and the annuall fees of $444 include two recreation cards and access to the facilities. It is like belonging to a country club but it includes many more facilities for a very reasonable fee. The condos at El Dorado include many services above and beyond for additional fees. The basic condos and many homes are very affordable and you get to use all the recreation facilities in the 55 and over community. It is really an awesome place to live and the prices are really quite affordable for all of the benefits you receive. Let me know if you would like to check out some of the homes.
My understanding is that the Capital Preservation Fee, which has been increased over the years on a regular basis, is primarily intended to establish reserve funds for refurbishing, updating or replacing major capial assets of the community such as the Recreation Centers. For example, the Fairway Recreation Center, one of seven in the community, was totally rebuilt (in two phases) as a new state of the art facility within the past several years. It is likely that much of the cost of this new facility was funded through reserve funds accumulated from the Capital Preservation Fees received.
Usually nothing. HOA groups typically, push capital improvements on to the new buyers than to the existing owners. Projects are funded this way to be less painful to the new groups coming in. This is common in other areas also, not just Sun City.
Similar to the way the government raises dollars by taxing tourists through hotel and car rental taxes so the voting population does not get hit with higher taxes.
As you can see, Sun City will keep you busy with activity!
Here is a link with more details about this home: http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/ru