FAQ

The formulas and cost categories are determined by the California Department of Real Estate. The resulting budget also determines long-term replacement costs for HOA owned buildings, amenities and assets. Professional Budget analysts evaluate the monthly costs to operate commonly owned HOA facilities such as the Club House, interior clubhouse furnishings and exterior amenities including the swimming pool, parks, walking paths, and landscaped areas maintained by the HOA. The budget also includes collection of funds for the replacement of assets over its longer-term life expectancy. Fees for those purposes are collected monthly and maintained in a separate account. Once the project is near completion an elected Homeowners Board of Directors is substituted for the Developers’ appointed Board. Both Boards utilize professional management companies to manage the day-to-day operations and to update the budget yearly, reflecting changes in ongoing operational expenses and the amount of reserves for the replacement of assets.

Unlike other newer Davis residential developments, Bretton Woods is not burdened with its own infrastructure or School District Mello Roos Fee. The infrastructure (streets, sewer, water etc.) is installed and paid for by DeNova Homes. All school district fees are paid at the building permit stage. This approach saves Bretton Woods Homeowners from ever increasing fees for these public services. As with all homes in Davis, the voters have adopted City Wide Mello Roos Districts including several supporting the Davis School District. Bretton Woods owners like all others in the City are subject to those voter adopted District fees.

Some of the voter adopted fees may be reduced for owners over 65 years old. To determine your eligibility, contact the Yolo County Assessor’s Office. A written application is required to take advantage of these Senior discounts.