Bella Vista has two forms of governance. First, you've got the Bella Vista Village Property Owners Association, a Cooper community (POA) that started in 1965 that at the time included all municipal functions.<quoted text>
I just found this site and am shocked of course! We have saved for many years to move to BV and we are certainly not "rich folk's". The Realtor's who I have consulted (which have been several) have all stated the reason's there are so many vacant homes is that the elder home owners are, dying off, moving somewhere closer for medical help, and financial issues i.e. foreclosure.
Now it appears that I have been deceived? A hundred thousand dollars to get away from (gangs, crime, section 8 and welfare participants who destroy neighborhoods) seemed to be worth the cost. However we do not need the stress of all these issues that are going on with the POA! We cannot jump out of the frying pan into the proverbial fire.
What are all the cost other than the $24 a month in owning a home in BV?
The other, in 2006, Bella Vista became an incorporated city through a ballot initiative.
Bella Vista is now a city, and no longer a village, although still advertised as a village by the POA.
Besides POA monthly assessments to pay, you have, of course, city taxes too.
As said, two forms of goverance, not one, and the POA, a corporation, basically operates secretively since it is not required by law to operate in an open like manner. The POA board has the power to raise their own bar above the law and govern in an open like manner, but it simply refuses to since the POA is not required by law to govern openly.