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- Dues Increase Effective April 1, 2022
Dues Increase Effective April 1, 2022
Posted By rhart on February 25, 2022
The 2022-2023 Annual Budget Report and Policy Statement was mailed to all owners in February 2022. In order to adequately fund the reserves, meet anticipated operating expense increases, and properly maintain the common areas in a manner that enhances property values for all homeowners, the Board of Directors has determined that an increase of 11.32% is needed to responsibly meet the Association’s financial needs in the upcoming fiscal year. Most of the increase is due to the previously unplanned and unfunded reserves for the 29 year old irrigation system. Please note that effective April 1, 2022, your new monthly assessment will be $59.00 per month.
If you are set up on auto pay through Action Property Management, your assessment withdrawals will automatically be increased to the correct amount on April 1st. However, if you have auto pay set up through your financial institution, please make sure that you update the assessment to the correct amount. Failure to pay the correct assessment amount after April 1st will result in a late fee being assessed to your account.
