This HERCC Capital Committee Calculator is for use only by the committee members as an effort to compute what we think our capital needs for the next 25 years. Please answer the following questions and click on the Submit Button at the bottom of the page. You can complete this form as often as you like to see how the dues and assessment results change based on how you answer the questions.
This Form submission is under development pending Committee consideration.
Calculation Formulas are as follows:
Individual Member Assessment = (Immediate Roadway Repair Cost (if selected) + Immediate West Groin Replacement (if selected))/59 members
Simple Individual Member Annual Loan Payments = Principal Value * (1 + Rate of Interest) / (# years) / 59 members
Individual Member Dues Increase = (Roadway Replacement /12 (if selected) + Beach Repairs /25 (if selected) + Seawall Repairs /25 (if selected) + East Groyne /25 (if selected) + West Groyne /25 (if selected) ) /59 members
This calculator was designed and implemented by Guy Simonian on behalf of the Highlands East River Civic Association aka HERCC Beach Association Capital Committee. This committee was formed in July 2020 for the purpose of determining the capital requirements for the 59-member association. The Capital Committee is chaired by Mark Osora, other members include Jackie Jones, Trent Jones, Robert Palumberi, Joseph Sposito, Michael Vitale and Jon Morrow.