Aero Valley Property Owners Association
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Frequently asked questions
Preface
Most 52F property owners see tremendous potential and hold an overwhelmingly positive vision for this airport. The POA offers a sustainable plan to get the airport back on its feet and ensures long-term success. The first order of business is replacing the runway, fixing the drainage, and improving the taxiways. By doing so we are acting well within our rights to maintain our easements and protect our investments. Our goal is to create a friendly, well functioning airport that promotes quality, safety, and enjoyment of our property to the fullest extent possible.
What are my responsibilities as a property owner at 52F?
They are listed in the Integrated Deed Restrictions starting on page 4.
Why are we doing this?
To accomplish two objectives, the first is immediate and the second is long-term. The immediate objective is to raise the money needed to replace the runway, fix the drainage, and improve the taxiways. The runway is in such poor condition that it poses a hazard to props and landing gear. It must be fixed as soon as possible. Doing so will provide many other benefits, including protecting our investments in both land and aircraft, enhancing the airport’s reputation and value of airport property, and turning the airport into a valuable and desirable community asset. The second objective is to re-establish the property owners as the parties responsible for the airport’s future. This merely requires activating the airport’s original form of governance.
How much is this going to cost me?
$0.27 per square foot of your building footprint until the runway and taxiway project is paid for and then drops to a normal operations and maintenance budget approved each year by your elected representatives. For more details, see the Financials page.
Why did we approve new deed restrictions?
We really didn’t. These are essentially the same restrictions that Aero Valley Development Company established from 1977 through 1991. They are still in effect. They now apply to all airport properties to eliminate the fundamental incompatibility between the Aero Valley and Hyde-Way restrictions. The Aero Valley restrictions place responsibility for airport maintenance on all property owners under a representative form of governance. The Hyde-Way restrictions place responsibility for airport maintenance solely on Hyde entities and is financed by collecting license fees from a minority of property owners. Moreover, the Hyde-Way restrictions are contradictory. Most versions allow Hyde-Way, Inc. to grant variances at their discretion while claiming the sole right to prosecute violations. Other versions prohibit variances altogether. Confusion abounds. Conflict is inevitable. Chaos reigns. The amended restrictions eliminated all of these issues by putting everyone under the same rules depending only on whether your property is residential (Aero Valley Estates), commercial, or non-commercial.
If the runway access license goes away, how will we pay routine expenses such as runway lights, mowing, and insurance?
The cash-flow projection on the Financials page includes amounts to pay these expenses from annual assessments.
Didn’t the Hyde runway access license fee cover the airport’s maintenance?
It was supposed to but didn't. Since its first appearance in 1983, the runway access license fee has never been able to provide proper maintenance, especially for the taxiways and runway. The Property Owners Association has always initiated fund-raising campaigns to complete every major improvement. The present system of relying on charity to alleviate the inevitable crises must stop. With all property owners participating, we can easily maintain sufficient funds for both routine expenses and capital-intensive projects.
How will the Integrated Deed Restrictions benefit me?
They ensure a foundation for a successful airport. It will empower you to have a voice in setting priorities and determining how your money will be spent. The first project is to replace the runway, fix the drainage, and repair the taxiways.
What changes can I expect with the Integrated Deed Restrictions?
You can expect to have a governing body elected by the property owners that is responsive to the needs of the airport and has the means to get things done. The POA Board of Directors will function as the Architectural Control Committee (“ACC”), which has the authority to establish a budget and raise funds to maintain the runway and taxiways. The budget includes general airport operation and upkeep expenses.
Why should I pay an assessment to maintain an airport and a runway I don’t use?
The key word is “airport.” The central feature of any airport is its runway and access routes to get to that runway. When you purchased airport property, you also acquired an obligation to pay your fair share to help maintain the features that make this an airport.
Do I have to pay the annual assessment in a single payment, or can I pay it over time?
We would prefer a single payment so we can determine how much money, if any, we will have to borrow to complete the runway. If you have difficulty making an annual payment, we can discuss alternatives. This proposal includes borrowing $500,000 for five years at 5% interest. We can reduce the loan or eliminate it entirely depending on each owner's payment abilities and choices. Minimizing the debt burden as much as possible is to everyone’s advantage.
What if some property owners don’t pay their assessment?
The property owners can enforce collection through the POA, but the POA has no authority to lien or foreclose on property. If normal collection procedures are unsuccessful, the POA will turn over delinquent accounts to an attorney. This could result in a judgment. We suspect that this situation will rarely arise but it tends to be effective. Our benefactors and the rest of the property owners should not have to carry more than their share. Sound business practices require such collection procedures.
At what point does the airport become unusable from the FAA’s standpoint?
The FAA does not control private airports. Users must determine its suitability for their operation.
Will property owners be able to voice their opinions in periodic meetings?
YES! We welcome all property owners to the Board of Directors meetings. There is also an annual meeting for all property owners. This is when the property owners elect the Board of Directors and vote on other airport matters. We want and need your involvement.
In a nutshell, what are the biggest differences between the Integrated Deed Restrictions and the Hyde-Way restrictions?
Deleted the prohibition on residential use of hangars.
Deleted the authority for Hyde-Way (or anyone else) to grant variances.
Deleted the provision that allowed only Hyde-Way to enforce the restrictions.
All of these items contradict the original Aero Valley Development Company deed restrictions, which are still in effect. The crisis and conflict the airport has suffered for the past 33 years are the direct results of these contradictions.
They are listed in the Integrated Deed Restrictions starting on page 4.
Why are we doing this?
To accomplish two objectives, the first is immediate and the second is long-term. The immediate objective is to raise the money needed to replace the runway, fix the drainage, and improve the taxiways. The runway is in such poor condition that it poses a hazard to props and landing gear. It must be fixed as soon as possible. Doing so will provide many other benefits, including protecting our investments in both land and aircraft, enhancing the airport’s reputation and value of airport property, and turning the airport into a valuable and desirable community asset. The second objective is to re-establish the property owners as the parties responsible for the airport’s future. This merely requires activating the airport’s original form of governance.
How much is this going to cost me?
$0.27 per square foot of your building footprint until the runway and taxiway project is paid for and then drops to a normal operations and maintenance budget approved each year by your elected representatives. For more details, see the Financials page.
Why did we approve new deed restrictions?
We really didn’t. These are essentially the same restrictions that Aero Valley Development Company established from 1977 through 1991. They are still in effect. They now apply to all airport properties to eliminate the fundamental incompatibility between the Aero Valley and Hyde-Way restrictions. The Aero Valley restrictions place responsibility for airport maintenance on all property owners under a representative form of governance. The Hyde-Way restrictions place responsibility for airport maintenance solely on Hyde entities and is financed by collecting license fees from a minority of property owners. Moreover, the Hyde-Way restrictions are contradictory. Most versions allow Hyde-Way, Inc. to grant variances at their discretion while claiming the sole right to prosecute violations. Other versions prohibit variances altogether. Confusion abounds. Conflict is inevitable. Chaos reigns. The amended restrictions eliminated all of these issues by putting everyone under the same rules depending only on whether your property is residential (Aero Valley Estates), commercial, or non-commercial.
If the runway access license goes away, how will we pay routine expenses such as runway lights, mowing, and insurance?
The cash-flow projection on the Financials page includes amounts to pay these expenses from annual assessments.
Didn’t the Hyde runway access license fee cover the airport’s maintenance?
It was supposed to but didn't. Since its first appearance in 1983, the runway access license fee has never been able to provide proper maintenance, especially for the taxiways and runway. The Property Owners Association has always initiated fund-raising campaigns to complete every major improvement. The present system of relying on charity to alleviate the inevitable crises must stop. With all property owners participating, we can easily maintain sufficient funds for both routine expenses and capital-intensive projects.
How will the Integrated Deed Restrictions benefit me?
They ensure a foundation for a successful airport. It will empower you to have a voice in setting priorities and determining how your money will be spent. The first project is to replace the runway, fix the drainage, and repair the taxiways.
What changes can I expect with the Integrated Deed Restrictions?
You can expect to have a governing body elected by the property owners that is responsive to the needs of the airport and has the means to get things done. The POA Board of Directors will function as the Architectural Control Committee (“ACC”), which has the authority to establish a budget and raise funds to maintain the runway and taxiways. The budget includes general airport operation and upkeep expenses.
Why should I pay an assessment to maintain an airport and a runway I don’t use?
The key word is “airport.” The central feature of any airport is its runway and access routes to get to that runway. When you purchased airport property, you also acquired an obligation to pay your fair share to help maintain the features that make this an airport.
Do I have to pay the annual assessment in a single payment, or can I pay it over time?
We would prefer a single payment so we can determine how much money, if any, we will have to borrow to complete the runway. If you have difficulty making an annual payment, we can discuss alternatives. This proposal includes borrowing $500,000 for five years at 5% interest. We can reduce the loan or eliminate it entirely depending on each owner's payment abilities and choices. Minimizing the debt burden as much as possible is to everyone’s advantage.
What if some property owners don’t pay their assessment?
The property owners can enforce collection through the POA, but the POA has no authority to lien or foreclose on property. If normal collection procedures are unsuccessful, the POA will turn over delinquent accounts to an attorney. This could result in a judgment. We suspect that this situation will rarely arise but it tends to be effective. Our benefactors and the rest of the property owners should not have to carry more than their share. Sound business practices require such collection procedures.
At what point does the airport become unusable from the FAA’s standpoint?
The FAA does not control private airports. Users must determine its suitability for their operation.
Will property owners be able to voice their opinions in periodic meetings?
YES! We welcome all property owners to the Board of Directors meetings. There is also an annual meeting for all property owners. This is when the property owners elect the Board of Directors and vote on other airport matters. We want and need your involvement.
In a nutshell, what are the biggest differences between the Integrated Deed Restrictions and the Hyde-Way restrictions?
Deleted the prohibition on residential use of hangars.
Deleted the authority for Hyde-Way (or anyone else) to grant variances.
Deleted the provision that allowed only Hyde-Way to enforce the restrictions.
All of these items contradict the original Aero Valley Development Company deed restrictions, which are still in effect. The crisis and conflict the airport has suffered for the past 33 years are the direct results of these contradictions.