Simple analogy, if more people use a service the costs for the service is spread out over more users, this in theory is suppose to reduce the share of costs to each user, then how come Woodmen Hills was slated for 2652 plats and all operational costs were predicated on either 1050 homes and or 2652 and yet after adding more than that, why has the rates not gone down? We know as WHMD kept rolling the debt and paying the refinance fees and interest since 2002 and now we have according to the audit an estimated 12.2 million (unrestricted cash) that should have been used to pay down the debt as it was the reason they took the money in the first place. I smell a class action.
If Woodmen Hills as platted has 2652 homes and the new fee for “water leasing” is $35.69 Per customer and we know there is a few hundred more as WHMD provides service to other subdivisions. How come the leasing fee which is fixed hasn’t gone down as it should in the study? As a matter of fact the “water leasing fee” was to have gone down by 50% in 2018 but yet it did not. How come and what caused it to stay the same. $35.69 – $17.56= $18.33, to customers? Continue reading