Capital improvement program
(cip)
ABI property maintenance and operations are funded through mandatory annual lot assessments, the sale of vehicle parking passes, ramp access passes, dinghy dock storage passes, watercraft storage rack passes, and through various fundraiser opportunities. Larger property maintenance needs to ensure the integrity of our valuable infrastructure require funding beyond the nominal annual deed-mandated lot fees, in the form of inflation. To justify such an inflation, ABI is conducting outreach efforts to educate shareholders of our private beach properties and the infrastructure maintenance needs thereon.
ABI private beach PROPERTIES
Beach 1/Tuefel park
Total Tax Account Responsibility: 167,584 sq ft (3.85 acres)
Total Property Assessment Value: $4,616,639
Beach 2/kayak beach
Total Tax Account Responsibility: 99,950 sq ft (2.29 acres)
Total Property Assessment Value: $2,753,444
Beach 4/Ramp 4
Total Tax Account Responsibility: 67,827 sq ft (1.56 acres)
Total Property Assessment Value: $1,868,512
beach 5/easements
Total Tax Account Responsibility: 238,305 sq ft (5.47 acres)
Total Property Assessment Value: $6,564,876
total estimated ABI PROPERTy value
