Post-Zoom Q&A Series (2 of 3): We’re Working on Assessment Options!
Daleview Members & Community,
Thank you so much to all who attended the Zoom Presentation last week or watched the recording, and to all who have asked great and important questions. Your thoughtfulness and commitment to the pool and its future have been so evident throughout this process, and we are all very grateful for the high level of engagement.
From the beginning of this work last summer, our focus has been on making sure that everyone is heard in this process. Since the Zoom presentation, we have seen a few key themes in the questions we’ve received. We wanted to reach back out to you all with clarifications and updates on our progress in areas we don’t yet have complete answers.
Question: I know the financial plans aren’t finalized, but what do the options for assessment payment schedules currently look like
In order to start the Construction Phase (Sept 2026), we are projecting to need upwards of $600,000 to $650,000 of additional cash on hand. We continue to work with our lenders, and to develop ideas to lessen that financial burden on our membership.
The main options we have been discussing are listed below:
- Paying assessments in a lump sum
- An option to pre-pay dues for 2-5 years, which will help to generate project funds, maintain membership, and provide flexibility for other members
- Pay the assessment over 12-18 months
- Pay the assessment over 2-3 Years
We are working hard to identify more options for payment flexibility that are in balance with the financial need for a stable and consistent cash-flow. We are also looking for ways to reduce the assessment.
In the near future, we are going to send out a short survey to get membership feedback on a variety of creative options that committee members and other pool members have come up with, all focused on reducing the financial burden of the project and preserving our community, while reaching the thresholds that we need to afford the project. You will see that survey soon. As always, if you have questions or feedback please contact us at [email protected] and feel free to visit https://daleview.org/renovation/ to learn more about the project. We are always committed to listening, adjusting, and moving forward together.
Thanks,
Daleview Board and 2.0 Committee
How does this effect those on the wait list? Assuming the $$$ scares some current members away and discouraged some of the wait list from joining….what would a new member be responsible for paying if they join for the 2026 season or the 2027 season?
Hi thanks for the question! Yes, a Corporate Member joining Daleview in future years will have to pay the same assessments as current members. Part of their Initiation Fee will go to a capital reserve to ensure the Pool has sufficient funds to cover major repairs that come due over the next 50 years.