what is the exact financial structure and soundness of the Santaluz golf club/gym/spa? what is the larger Santaluz community’s financial obligation to the club/gym/spa? .[/quote]
I just got the Annual Audit Report for the year ending in April 30, 2011 so I thought I’d post an update on this topic.
“The Replacement Fund in which Santaluz Maintenance Association accumulates money to repair or replace all of the associations major assets, finished the fiscal year funded at 100% with a balance of $3,394,098. This places Santaluz in the top one tenth of one percent of community associations in California and the nation and insures that as the roadways, gate facilities, landscaping and other common elements require major maintenance or replacement, the funding will be there”.
As far as I can see the Association is very well run and managed. There are always workers out working on the landscaping and they just resurfaced the street by my house. Also, they got rid of the old transponders to open the gates and put in modern stickers for cars that open all gates.
Everything is very well run and I’m happy with my decision to buy here.
Also, a VERY small world. since I moved to the area, I had to find a new primary care doctor. I just went in for a physical exam and to meet my doctor and we were chatting and it turns out he lives a block away from me at Santaluz… Small world…
