Kiawah Island Digest June 2014 | Page 2

2 Amenities Evaluation (Continued from Previous...) Three Potential Projects Presented for Input Ultimately, the board and committee approved three potential projects to present to members for feedback. The approach of the board is to present concepts, solicit feedback through the member sessions and a subsequent survey, and, based on the results of the survey, determine whether to proceed with firm plans for any of these projects. The three potential projects shared at seven information sessions in early May included: • Adult and family pools built on the ocean-side common property between the Sandcastle and the b each, with a covered veranda for casual seaside meals or snacks; • A two-story fitness center and Wi-Fi café/coffee shop and juice bar at the Rhett’s Bluff common property, and subsequent remodeling of the Sandcastle fitness space into additional meeting rooms; • A one-story indoor pool and spa/therapy area that could be added to the fitness center. Rhett's Bluff Community Provides Feedback On May 1, the board set aside one of the member information sessions for the Rhett’s Bluff community. During this session, some members questioned the appropriateness of a fitness center in Rhett’s Bluff - citing concerns about traffic, noise and other livability issues - and KICA’s legal ability to expand facilities at that location. Several members expressed their intent to sue KICA should it pursue the project. The KICA board takes the threat of legal action seriously. Accordingly, it is not presenting a site-specific fitness project at this time. Instead, the board is surveying the community on its desire to expand fitness to an alternate site. Whether that site is on Rhett’s Bluff or somewhere else, the board needs to know if the community is interested in the type of fitness center presented, and whether or not the membership is willing to fund it. In the meantime, KICA will work to resolve the legal matter involving Rhett’s Bluff. Funding Options for Projects Considered Should the board make a formal proposal, the funding plan would require a vote of the membership. The membership could approve one, two, three or none of these projects. The current funding philosophy assumes a 15-year loan, paid for by an annual amenities assessment that would cover debt service and increased operating costs (with an option for prepayment at a discount). Any final funding plan will be the best terms that the association can negotiate. Several institutions have indicated a willingness to lend to Kiawah; the final terms of a loan will depend on interest rates at the time and the strength of community support for any construction. Annual costs per member for improved properties are estimated at $160195 for the pool complex at the Sandcastle, $390-460 for the fitness facility, and $150-170 for the indoor pool complex, or a total for all three projects of $700-825. These costs are for facilities and operating costs only, and would clearly be higher should the community association need to purchase land. Board Chair Dave Schoenholz stressed to the session attendees, “The board cannot tell you whether these prices are expensive or cheap. Each member must decide that for themselves.” Member Survey and Information in the Works KICA is working diligently with the McMahon Group and hopes to have the information about these potential projects and a survey mailed to members by early summer. KICA and the board look forward to hearing from all KICA members on these various options. For more information on the Amenities Evaluation, visit kica.us (News and Updates). June 2014