A legal meeting of the Board of Directors was convened on August 1 and August 20, 2015 for the purpose of considering and voting for a Special Assessment. This is to inform you that the Board of Directors voted for to approve a Special Assessment of $120,000.
The payments for this Special Assessment will be due on September 15, 2015 and October 15, 2015.
| Total Payment | Due September 15, 2015 |
Due October 15, 2015 | ||
| One Bedroom | $506 | $253 | $253 | |
| Deluxe Studio | $492 | $246 | $246 | |
| Studio | $474 | $237 | $237 |
Here are the items included in this Special Assessment.
- Pool Motor 1,400
- Railings 15,756
- Plumbing 21,560
- Engineer 5,750
- City Fines 11,000
- Venting Dryers 4,000
- Budget Shortfall (water) 70,000
- Consulting Services 13,750
Total Expenses: $143,216
The board voted to use $23,216 of previously unused Special Assessment funds to reduce the $143,216 total expense to $120,000.
TOTAL ASSESSMENT $120,000
A 10% Penalty will be assessed if your payment is not received in the office when EACH payment is due.
DO NOT include the amount of your maintenance in the same checks as the assessment checks. Assessment checks are deposited into a separate account.