Dear Owners:
When the George Mitchell Development Company created the Pirates Community, it set separate deed restrictions and annual assessments for each section. The PPOA Board does not have the ability to change annual maintenance fees. Each individual section has the responsibility to vote for any changes to their specific deed restrictions. Changing those restrictions, including raising an assessment, requires approval from 50% plus one of the owners in each section.
For the first time, the PPOA ended the fiscal year (FY 2025-2026) with a loss. Assessment revenue grew 2.7%, but expenses grew 10–15%. Without significant changes, the Board cannot keep providing the same level of service. We have a revenue problem.
Annual assessments now range from $72 to $505 per year. Every section receives the same services (with the exception of Laffites Cove and Pirates Landing Townhomes). Five sections pay on the average $137.46 and the other sections pay an average of $446.02. In effect, higher-paying sections are subsidizing the 5 lower-paying ones
To temporarily solve the revenue problem, the recently implemented $90 Security Fee for FY 2026-2027 was considered a short-term fix, not a solution. The Board is also looking for ways to cut expenses.
Working with community volunteers, the Board is proposing one Universal Assessment annual maintenance fee amount for all Pirates sections, starting July 1, 2027. The recommended Universal Assessment amount is $610 per lot per year, which is only $50 a month. The increase for the higher paying sections when factoring in the $90 security fee, will be less than $100 a year. Because Laffites Cove / The Villas and Pirates Landing Townhomes receive fewer services from the PPOA, they will have their own adjusted rates.
Right now, we are sharing information and asking for your feedback. Please review the presentation from the Board meeting last Saturday [click here] and send comments to PPOAGeneral@gmail.com.
After receiving community feedback, the Board will make a final decision on the Deed Restriction amendment language at the November 14, 2026 Board meeting. Voting is anticipated to run from January 15 to April 15, 2027 and Pirates Cove Sections 1 and 2 (the lowest paying sections) will vote first. The goal is to have all PPOA Sections approve the amendment and make the new maintenance fees payments effective July 1, 2027.
Thank you for your time and attention to this important initiative for the Pirates Community.
The PPOA Board of Directors
When the George Mitchell Development Company created the Pirates Community, it set separate deed restrictions and annual assessments for each section. The PPOA Board does not have the ability to change annual maintenance fees. Each individual section has the responsibility to vote for any changes to their specific deed restrictions. Changing those restrictions, including raising an assessment, requires approval from 50% plus one of the owners in each section.
For the first time, the PPOA ended the fiscal year (FY 2025-2026) with a loss. Assessment revenue grew 2.7%, but expenses grew 10–15%. Without significant changes, the Board cannot keep providing the same level of service. We have a revenue problem.
Annual assessments now range from $72 to $505 per year. Every section receives the same services (with the exception of Laffites Cove and Pirates Landing Townhomes). Five sections pay on the average $137.46 and the other sections pay an average of $446.02. In effect, higher-paying sections are subsidizing the 5 lower-paying ones
To temporarily solve the revenue problem, the recently implemented $90 Security Fee for FY 2026-2027 was considered a short-term fix, not a solution. The Board is also looking for ways to cut expenses.
Working with community volunteers, the Board is proposing one Universal Assessment annual maintenance fee amount for all Pirates sections, starting July 1, 2027. The recommended Universal Assessment amount is $610 per lot per year, which is only $50 a month. The increase for the higher paying sections when factoring in the $90 security fee, will be less than $100 a year. Because Laffites Cove / The Villas and Pirates Landing Townhomes receive fewer services from the PPOA, they will have their own adjusted rates.
Right now, we are sharing information and asking for your feedback. Please review the presentation from the Board meeting last Saturday [click here] and send comments to PPOAGeneral@gmail.com.
After receiving community feedback, the Board will make a final decision on the Deed Restriction amendment language at the November 14, 2026 Board meeting. Voting is anticipated to run from January 15 to April 15, 2027 and Pirates Cove Sections 1 and 2 (the lowest paying sections) will vote first. The goal is to have all PPOA Sections approve the amendment and make the new maintenance fees payments effective July 1, 2027.
Thank you for your time and attention to this important initiative for the Pirates Community.
The PPOA Board of Directors
