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Founders Village Swimming Pool and DCC Ownership

By Daybreak Man, on 12-12-2008 17:11

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   Early in the development of Daybreak, Kennecott Land had plans to create a beach club that would be situated just outside Founders Village along the shore of Oquirrh Lake.  This deal fell through for a number of reasons and residents of Founders Village felt like a promise had been broken.  When Kennecott Land announced that a new pool was to be constructed in Eastlake Village, many residents were pleased with the new amenity, but still wanted something similar to be located in Founders Village. 

 

  

   After months of relaying this concern to the HOA and KL, a meeting between a group of homeowners and Kennecott Land has resulted in a plan to build a pool similar to the Eastlake Village pool in Founders Village.  The pool will be located next to the Daybreak Community Center (DCC) and has several financial advantages.

 

  

   The first advantage is that the pool will not need to be designed again as the plans are already in existence.  Using these plans saves homeowners an estimated $150,000 dollars.  By locating it next to the DCC, there is a possibility of restructuring the showering facilities there to be of use by the patrons of the pool.  Local Health Department approval will be needed in this case, but if executed correctly this proposal could save up to $300,000.  A final cost advantage is that a variety of firms will be bidding on the project.  While this may not seem like a change from other projects, many residents have noted local companies that could construct the pool at a much lower cost than what the Eastlake Pool commanded.  The economic conditions in the construction industry may also be to our advantage as they have become slightly more competitive in recent months. 

 

  

   While the swimming pool was discussed at length, the most important product of this meeting was a proposal to transition ownership of the DCC to Daybreak homeowners.  Currently Daybreak homeowners are in a 20 year lease agreement for use the DCC with Kennecott Land.  The current lease rate is about $270,000 per year.  However, under the current agreement this lease will increase to $335,000 per year in 2010.  This essentially adjustable rate lease would leave Daybreak Homeowners without ownership of the DCC in the end.  The proposed plan is that the homeowners finance the DCC through essentially a mortgage.  Attendees of the meeting went over the numbers with the Chief Financial Officer of Kennecott Land and this deal could save homeowners an estimated 6.7 million over 20 years and we will have ownership of the DCC with a pool in Founder’s Village.  

 

  

Here is a timeline for upcoming events related to this proposal:

 

 

Dec 16th Daybreak BOD meeting

Jan – HOA will process reserve fund analysis

Feb – Pool Committee meeting with KL to go over layout and specifics

Feb – Notices sent to residents of BOD meeting to decide on the proposal

Mar – BOD Meeting - Residents voice concerns – measure voted on by BOD

May (2010) – Founders Village Pool opens on Memorial Day weekend

 

  

   This proposal could benefit all residents of Daybreak, but especially those in Founders Village.  The deal will probably be to the benefit of Kennecott Land as they will be able to free up capital.  Specific financial information (terms of the loan, comparative analysis, etc) will hopefully be forthcoming so that homeowners can make an informed financial decision for the future of Daybreak. 

 

 

     I want to say thank you to Daybreak Man for working with me on this story, I helped with research, he wrote the story (he's a better writer) and pleae remember to visit Daybreak Man's blog for other great stories at : http://daybreaktoday.blogspot.com/ . Scoop-

Last update: 12-12-2008 18:12

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Founders Village Swimming Pool Coming 2010

By Scoop, on 09-12-2008 18:59

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     Myself and a few other homeowners met with Kennecott Land the other night and we agreed on a plan that would not only have a pool facility just like the pool in Eastlake Village built in the empty lot next to the DCC, but would also transition the ownership of the DCC to the Daybreak Homeowners. This is still in the works and Kennecott Land has already done their reserve analysis and approved the plan. So the plan would be for Kennecott Land to fund and develop the Founders Village Pool early next spring/summer to be ready for a Summer 2010 opening and the Daybreak Homeowner Fund would make monthly payments towards the ownership of the DCC and pay back the cost for developing the Founders Village Pool. This monthly cost would replace the $22,000 rent the Daybreak Homeowners are currently paying for a 20 year of the DCC, so basically but not exactly we are replacing a 20 year monthly rent into a 20 year monthly mortgage payment. 

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I will post more info later about this soon...  

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Scoop~ 

Last update: 09-12-2008 19:24

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Daybreak Elementary Secret Santa Program

By Scoop, on 05-12-2008 13:13

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   Are you dreaming of a White Christmas? I am, to me there is something magical about snow and the holidays. However my real dream for this holiday season is that every child in our community is able to receive a gift and that the families in our community that need help are getting it and have somewhere familiar to turn for help. There are many families in our community who are having hard financial times and who are unable to provide presents or the holiday experience for their children. These families need our help, so PLEASE do what you can to donate what you can to the Daybreak Elementary Secret Santa Program. The donations given to this program are being dispersed among the families in need in our community (Daybreak, Country Crossing, & Sunstone). All types of donations are being excepted such as, toys, clothes, gift cards, gas cards, cash, etc. anything you can afford to donate that can help some of our neighbors in need is extremely appreciated. All donations should be dropped off at the Daybreak Elementary School Office and if you have any questions at all please contact Daybreak Elementary at 302-0553 and ask for Joni.

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FYI- Daybreak Elementary is coordinating with Eastlake Elementary to ensure the children and families in need from both schools will benefit from this program...

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Again, please do what you can to try to donate to this program, no matter how small the donation is, it will help a family in need... 

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~Scoop

Last update: 05-12-2008 14:24

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Daybreak CERT (Community Emergency Response Team)

By Scoop, on 05-12-2008 08:55

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I wanted to let everyone that Brett Neilson has formed The Daybreak Community Emergency Response Team (CERT) which is comprised of volunteers, who are trained in disaster preparedness, basic first aid, small fire suppression, search and rescue operations as well as victim triage. Daybreak CERT exists to:
  • Coordinate and catalog volunteers in the Daybreak community
  • Educate friends and neighbors about disaster preparedness and the CERT program
  • Prepare and train for a variety of emergencies that could impact Daybreak
  • Coordinate with City Emergency Management and city based CERT program
  • Affiliate and work with other Daybreak groups and clubs to increase preparedness and awareness 
The Daybreak community is comprised of over 7,500 residents (estimated 47,250 at build out) and 13,500 homes by 2020.  In addition there will be numerous parks and common areas and over 9,000,000 sq ft of office/retail space.  Having an established CERT within Daybreak will help to ensure the preparedness and sustainability of our community after a disaster.  If you are interested in learning more about the history and purpose of CERT please goto www.DaybreakCERT.com

 


Last update: 05-12-2008 09:19

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Most South Jordan Schools NOT recycling thanks to a minor City of South Jordan code violation

By Scoop, on 11-11-2008 10:04

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      I received an email this morning from a Daybreak Homeowner/Parent and what I was told was very disturbing. Apparently this parent was volunteering at Daybreak Elementary the other morning in her daughter’s classroom. Part of her tasks included removing a homework cover letter from each student's take home folder. At the end of her task she had a stack of 25+ papers. So she asked the teacher if she had a recycling bin in the classroom. The teacher’s response was "No. The school can't recycle anymore. We used to use the blue bins in the DCC parking lot. But Kennecott Land, "The Green Company" thought they were too ugly and had them removed. So now the school doesn't have recycling." So this parent opted to bring the papers home & put them in her recycling bin.
  .     .. .     ...    
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   So I talked to all parties about this issue (KL, CCMC, City of South Jordan, & South Jordan School District) and found out that the City of South Jordan (NOT Kennecott Land) had the recycling bins removed from MOST of the Schools in South Jordan because of a minor code violation having to do with the Recycling bins requiring an enclosure, which most of the Schools in South Jordan did not have. The South Jordan School District told the City of South Jordan that they did not have the funding to pay for the required enclosures and asked for a temporary or permanent variance over a few years so funding could be secured to install the required enclosures, a request that was denied.
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   The South Jordan School District will be submitting a request next week to the City of South Jordan City Council and Planning Commission and I really hope the City of South Jordan this time grants the South Jordan School District a temporary variance for a few years so the funding can be secured. This would get the recycling bins back at the South Jordan Schools and would prove that the City of South Jordan is willing to work around certain hurdles in order to do what is right.  .      .     ....
Stay tuned…

Last update: 18-11-2008 10:58

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100 year storm...twice in just over a year

By Scoop, on 10-10-2008 13:44

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   Well here are some pics of the second, yes second, 100 year storm we were hit with last weeked. A lot of Daybreak Homeowners agian had their basements flooding and had to listen to their builder tell them it was a rare 100 year storm that won't happen again any time soon. It's quite apparent there's a combination of severe land drainage issues and irresponsible builders who rushed to build homes in the first phase to take advantage of the real estate boom of the time. Now with the mortgage crisis upon us, new home sales will certainly fall off. Maybe Kennecott will wake up and address the existing land issues rather than putting all of their attention on building the beautiful new phases...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CLICK READ MORE TO SEE MORE PICS

Last update: 10-10-2008 14:24

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