I hope you had a great Independence Day and have some exciting plans for the summer. Here is a quick overview of things that are going on within Venetian Isles.
Management Company Update:
As communicated at the Annual Meeting as well as in the March “State of the Isles” letter, the V.I.H.A. Board has formed a committee to evaluate engaging a property management company to assist with day-to-day functions, instead of relying on volunteers. This has become necessary given that fewer people are able to commit their time and longtime volunteers are no longer able to contribute as many hours as they have in the past.
We had scheduled a Town Hall meeting in May where property management companies could provide an overview of their services and answer residents’ questions. However, we cancelled the meeting due to the need for additional due diligence. The committee has completed further due diligence, including conversations with legal counsel, which indicate that transitioning the “voluntary” membership in the V.I.H.A. to a “mandatory” membership, including the requirement to pay annual dues, is an initiative that would prove to be tremendously difficult to implement and might not be legally enforceable.
That leaves the V.I.H.A. with the same problem: effectively enforcing Deed Restrictions and seeking to improve our community with a shrinking volunteer base. The Board will continue to research a cost-effective way to have third-party property management services that would not be dependent on mandatory dues which we hope to be able to discuss at the October General Meeting. If you have any suggestions, please let us know.
Maintaining high standards dictated by the Deed Restrictions and continued community improvements have contributed to increasing real estate values in V.I. We recently added a graph to the www.ourvi.org homepage which tracks “Property Sales in Venetian Isles” that shows a positive trend. We plan to update and share this graph regularly. Our thanks to Thomas Flynn for compiling these statistics.
“Better Idea Time”
Subsequent to the release of the March “State of the Isles” and my mid-April update, there was quite a lot of “chatter” on the “Next Door” website about the concept of mandatory dues. Let me make the following points to clarify some of the issues that were raised:
Work is almost complete on the Overlook Bridge entrance to VI. Accent lights have been installed on the trees and additional landscaping will be finished by August 1.
I get a report every week from our Community Police Officer which averages maybe one call a week. There was one burglary of a vehicle in the past month, but the vehicle was left unlocked. Please remember to remove items of value from your cars and keep them locked so we can continue with this positive trend.
Hurricane season is upon us so, especially for those new residents of VI, be prepared by having all the recommended supplies. There are numerous hurricane preparedness guides available online, including the City of St. Petersburg, Tampa Bay Times and local TV station websites.