In order to assure the proper maintenance and upkeep of the Indigo Bay community, its founders have established foundations, which work similarly to homeowners associations. Each sub-community within Indigo Bay will have its own sub-foundation, and there is also a master foundation called the Indigo Bay Master Foundation (“IBMF”).
In addition to collecting the long-term lease payments, the IBMF is expected to provide maintenance for these community assets:
• The central guard gate
• Green areas and water features
• Storm water management
• Private roads and solar powered street lighting
In order to complement the services and amenities managed by the IBMF, the owners of Indigo Green will be organized as a Foundation called the Indigo Green Foundation (“IGF”), which is something similar to a Homeowners Association in other countries, although different in some aspects.
The main goal is to make Indigo Green as close to a Lock-it and Leave-it community as possible, where owners can enjoy all the benefits of living at Indigo Green, while remaining free to travel off-island as much as they wish, with the confidence that everything can be watched over and taken care of while they are away.
Such services provided by the IGF or others will not only include the usual common area landscaping, community pool maintenance and security, but will also include less expected services like irrigation and landscaping of their individual front yards and optional closing of their storm shutters.
Other uncommon facilities provided by the IGF will include maintaining a community gym.
Another often ignored but most important service that is so often overlooked in island settings is wastewater treatment. The IGF shall assure on behalf of its owners the operation of an environment-friendly wastewater treatment plant that will convert its effluent into clean water that will be recycled for the irrigation of Indigo Green’s lush landscaping.
The Indigo Green Foundation is organized to provide the following services exclusively to its residents should the owners wish:
Landscaping in front of units
True Lock It and Leave It lifestyle benefits
• Tree trimming
• Lawn cutting
• Plant maintenance
• Pest control
Scheduled maintenance of common facilities
• Pools & sun decks
• Street lighting
• Sewage treatment plant
• Irrigation system
• Maintenance of IG entry gate
• Security personnel – as deemed necessary by the owners
• Closed circuit TV
Refuse collection and disposal
(this may be provided by the IBMF)
Long-term maintenance of common facilities
• Paved roads
• Storm water drainage system
• Sewage drain system
• Sewage treatment plant
• Irrigation System
Click the arrow on the left to expand
The annual budget for the IBMF will be voted on in an Annual Meeting of Participants to be held in December of each year. The first Meeting of Participants for IBMF took place on March 1st of 2015 and has been or will be held once a year thereafter as determined by its Board.
The annual budget for the Indigo Green Foundations will be voted on by its Board after consultation with its Participants at its Annual Meeting to take place in 2017 and to be held once a year thereafter as determined by its Board.
The Sub-Foundation meetings are expected to be scheduled after the IBMF passes its budget for the following year since the IBMF fees will need to be included in the Sub-foundations’ budgets for same period.
The Maintenance Fees (also called “Foundation Dues”) will be payable by the Participants in advance on a quarterly basis, based on annual budgets for the fiscal year (or in the case of the last quarter the dues may be based on all or part of the following fiscal year). The budget of the IBMF is presented by its Board.
Yes and No. The Indigo Green Foundation shall incorporate the IBMF dues (which already include the Long Lease rent) into its own budget and submit its budget for consultation to their Participants (the Owners) prior to the budget’s ratification by its Board at the Annual Meeting to be held in December of each year.
For example, this budget will include provisions for the following:
The prorated contribution of each Participant towards the overall Maintenance Dues and assessments charged by IBMF and the Sub-Foundations per approved budgets shall be based on different calculations varying per Sub-Foundation.
As an example, the allocation of expenses for condominium, retail, office and resort developments may differ from the residential allocations. The residential assessments will generally be allocated based upon the prorata share of the total land area of the Owner’s lot plus the interior area of the Owner’s unit, although one needs to look at each Sub-Foundation to clarify this.
Within Indigo Green an Owner’s Share of the Indigo Green Foundation Dues and special assessments shall be calculated by taking the Owner’s combined surface area of interior space of his Residence and lot (together the “Owner’s Area”) and dividing it by the total of all Owner’s Area of all Residences, where:
Indigo Green Development B.V. as developer of Indigo Green has agreed to waive the 2015 and 2016 Maintenance Dues and other dues and assessments. The expenses have only been invoiced to owners from January 2017 going forward.
As the community is still under construction, individual Owners will only be assessed dues once their villa or condo is completed and serviced as more clearly defined by the Board.
Green Way Drive, Indigo Bay, Sint Maarten Enter Indigo Bay, turn right at the lower roundabout and proceed to Indigo Green
Phone: +1 (721) 543-7999 Toll Free US/Canada: +1 (855) 545-7999
Please Note – All illustrations and renderings shown on this website are visual interpretations made by an artist and as such, what is shown may vary in different ways from what is finally constructed.
2019 Indigo Green