PRO-10 facts from the creators or the idea to donate $10 a month to the POA for special projects

PRO-10  

… A Voluntary Revenue Enhancement Program

“Fact Sheet”

Q:  What is PRO-10?

A:  PRO-10 stand for “Pro-Village” and “$10 a Month”.   It is a grass roots program that offers all property owners the opportunity to voluntarily contribute $10 a month – or $120 for 2014 -- toward enhancements that can add value to their financial investment in Hot Springs Village.

Q:  Why do we need PRO-10?

A:   As the largest gated private community in the U.S., our only source of operating revenue is our Monthly Assessment and amenity usage fees.  With over 500 miles of roads, our own police and fire protection, our own water and sewer treatment facilities, and 40+ years of wear and tear, those two revenue sources are not enough.  PRO-10 will help fill the gap, and reinforce our personal financial investments in HSV.

Q:  How does PRO-10 work?

A:  During November and December, all HSV property owners – resident and non-resident, alike – will be invited to pledge $10 a month for calendar year 2014, starting in January.  That pledge can be met monthly, quarterly, semi-annually or in a lump sum.  Lump sum payments can be made by personal check, credit card, or electronic fund transfer (EFT).  Periodic payments (monthly, quarterly or semi-annually) require electronic fund transfer.

Q:  Where will the PRO-10 Monies go?

A:  All contributions will be deposited in a special PRO-10 account, and tracked separately from General Revenues.   The HSV General Manager will determine how the dollars are spent, with the condition they go toward “enhancements that add value to the Members’ financial investment in Hot Springs Village”.  Enhancement projects funded by PRO-10 will be communicated back to the Members in the quarterly Advocate, and on the HSV Web site.

Q:  What is in it for me, as a HSV Member?

A:  Most importantly, PRO-10 reinforces our financial investment in the Village---through enhancements that make our daily lives more enjoyable, while also attracting new residents to the Village.  PRO-10 contributors who want their support to be known can request a “PRO-10” window decal to be placed next to their 2014 HSV vehicle decal.  They will also be recognized by name in the quarterly Advocate magazine.  Anyone who prefers to remain anonymous can simply request on the pledge form that their name not be published.

Q:  Is PRO-10 a one-year program?

A:  The “Grass Roots Task Team” (named below) envisions that PRO-10 will be offered annually, until such a time that a more permanent solution to our revenue needs can be found. 

Q:  How do I sign up for PRO-10?

A:  Starting in late October, PRO-10 pledge forms will be available at key locations throughout the Village.   PRO-10 invitations will also be inserted in the November mailing on 2014 amenities (primarily to residents) and the December mailing on 2014 membership cards (primarily to non-residents).   Participating in PRO-10 – and supporting our Village – is as easy as completing and returning the one-page pledge form.