RESULTS:VOTE Initiatives 2025
In response to Residents' requests to proceed with the many capital projects on our community's Capital Project list, our Board of Directors is asking our residents for three specific initiatives to be approved.
Initiative 1: To approve a special assessment of $1,000 payable in 4 equal installments of $250, for the purpose of rebuilding our Capital fund. This cash infusion will allow our Capital fund to proceed with addressing both the Copper Center, Welcome Center and Artisan Center remodels beginning this year and extending over the next 2-3 years, thereby shortening the time line for these project completions.. Additional funds for the Capital Fund will be added each year with the Capital Contribution Fee, AT&T Lease and the Comcast Contract at the rate of approximately $750,000/year, allowing for additional capital to fund other projects that have been requested such as an additional pool, and more hard courts.
Vote FAILED
What does that mean to SCOV?
The impact to SCOV is a delay in implementing the Copper Center Renovation along with the Welcome Center
and Artisan Center, along with any other Capital projects not already approved. The Board of Directors has
some options available within their scope of authority and will need to address any future capital projects
within that scope at this time as capital funds are available.What that does NOT mean to SCOV:
The failure of this vote does NOT mean that the community does not support the Copper Center nor its’ future
renovation.
Initiative 2: Is asking for approval for the Board of Directors to spend up to $3,000,000 to proceed with the planning and execution of the initial plan as outlined by the Copper Center Task Force as funds are available from the Capital Fund. Funding is contingent on the monies available in the Capital Fund. SCOV is working with the Town of Oro Valley to obtain the necessary occupancy permit. Competitive detailed construction bids will then be requested so we have more accurate cost numbers to evaluate opportunities for possible cost savings on the project. Without authorization to proceed with the project SCOV cannot get more detailed construction bids. Yes, it is true that construction costs will increase with time. Many residents have expressed the desire to move forward.
Vote FAILED
What does that mean to SCOV?
The impact to SCOV slows down the accelerated version of the Copper Center renovation, but does allow for the
Board of Directors to approve a modified version of the renovation within the scope of their authority
(approximately $1.1M) as outlined by our Governing Documents.
What that does NOT mean to SCOV:
The failure of this vote does NOT preclude the use of the current building as is, nor does it stop smaller
projects from being completed within the building to enhance its’ usefulness to our community.
Initiative 3: The Board of Directors is recommending an increase in the Capital Contribution Fee to further supplement both our Capital Fund and our Asset Reserve. Our current fee is 1.5 X 1 year's annual dues, or $3,945 (FYE 25-26). The fee would increase $1,315 to $5,260 and is paid when a house is sold. Exemptions are made for current residents moving within our community if they are selling their current home within 12 months of the new purchase. Approximately 140 homes are sold in SCOV each year and according to surveyed realtors who buy and sell in SCOV, 98% of the time the Buyer pays this fee at closing. Currently a survey of other 55+ communities in the southern Arizona area place SCOV's Fee competitively with other like communities and our annual dues among the lowest. The amount of time a house is on the market is a function of asking price and market conditions. According to the latest statistics from Long Realty in Oro Valley, the average time on the market is less than 6 weeks and some have sold in only a few days.
Vote FAILED
What does that mean to SCOV?
The current Capital Contribution fee will remain at the current level which is 1.5 X 1 year of our annual dues .