fee
schedule
In accordance with the 2023 annual shareholder meeting and subsequent vote, below are links to the upcoming fee schedule related to the Mandatory User Fee per tax account number (subject to inflation). Proposed User Fees for 2024 - 2026 have been approved by ABI shareholders and are not subject to change at this time. Deed-Mandated Lot Assessment Fees are not subject to change. All other fees are subject to change on an annual basis. Any revisions to those fees will be identified by the ABI Board and presented to shareholders for vote during the annual meeting.
ABI FEE STRUCTURE FACTS
To help squash rumor surrounding ABI fees (deed-mandated annual lot assessments, mandatory annual user fees subject to inflation, and optional annual non-owner use and amenity fees). Please use caution and discretion when reading explanations on social media which is reflective of the poster's individual interpretation, perception and opinion rather than facts. Consider the source and check your facts here.
Below are the facts about the ABI Fee Structure:
The $22 annual assessment originated in 1951 (over 72 years ago) and is and has been insufficient to fund adequate maintenance and operations of ABI’s private beach properties.
ABI is the owner of the mandatory annual assessments, user fees, and optional amenity fees collected for the use and maintenance of ABI’s private beach properties.
a. Mandatory Lot assessments and user fees are the primary funding source for general beach and property maintenance and operations (e.g., sand refurbishment, swim area maintenance, beach and park maintenance, stormwater management improvements and maintenance, steep slope stabilization, retaining and sea walls, shoreline stabilization, and employment and contracted operational services related to property maintenance, security, and use).
b. Amenity fees are the primary funding source for the respective infrastructure (e.g., vehicle, ramp, dinghy dock and watercraft rack storage pass issuance support maintenance of ramps, piers, and racks).
Privileges to ABI’s private beach properties are not automatic based on the payment of the $22 annual assessment alone. Said privileges must be approved by ABI in accordance with established rules and regulations (which includes mandatory user and optional amenity fees).
Residents may expect reasonable use of ABI’s private beach properties in accordance with established rules and regulations (which includes the payment of mandatory user and optional user fees).
Rules and regulations may be revised by ABI as needed. General rules and regulations may be revised by majority Board vote for implementation. New fees and revisions to existing user and amenity fees are developed by majority Board vote and proposed for shareholder approval during the annual shareholder meeting.
ABI has the power to deprive residents the use of ABI private beach properties (temporarily or permanently) for infraction of rules and regulations (which includes non-payment of mandatory user and option amenity fees), without impairing the resident’s obligation to pay such charges.
ABI shall maintain the beaches at its own discretion and residents have no right to dictate or require maintenance of ABI’s private beach properties.
It is recognized that the maintenance and improvements to ABI’s private beach properties exceed the annual deed-mandated lot fee assessments collected, therefore a mandatory user fee schedule is established and includes optional amenities.
Services provided by ABI shall be funded primarily by the annual lot assessments with inflation being acknowledged through the establishment of mandatory user fees. ABI may establish a perpetual future fund through the collection of mandatory user fees for ABI beach and park area capital infrastructure needs.
CURRENT AND PROPOSED FEE STRUCTURE (2023 - 2026)
