Technology Update

Comcast is still planning on completing the transfer to them by the end of August. So until then, we are supplying the Internet and television services through AbbaCom and Rigidtech. Red Eagle Development is supplementing the costs to bring these services to you, which is why the costs remain so low.

Some have asked about other options besides Comcast. Our current position is that we would and will be open to allowing other companies into the development, after Comcast is established. If we were to allow other companies to enter at this time we may lose our only opportunity to get Comcast into the development. In the long term we do want Comcast to be one of the options residents have for technology.

One other thing needs to mentioned. We had to offer several concessions to Comcast to entice them to come into the development at this time given the poor economy conditions. One of the concessions required that we allow Comcast to use all of our equipment, cable lines and related items at no cost. We will need to maintain the conduit, cable lines, headend, and continue to add conduit and cable lines to new buildings as they are built. Therefore, we will need to increase the HOA dues to cover the costs of maintaining and expanding the technology system. We are projecting costs and reserves for the future and these are coming in at about $10.00 per month increase in dues. We will not implement this increase until after Comcast transfers into the development. We did not want to increase dues but must develop a fund to maintain and expand the technology system. We hope you will all agree that getting Comcast into the development is worth the concessions we made.