Some members have asked for the minutes of the Board’s meeting on March 21, 2020; those minutes will be posted when provided to your webmaster.
Some members have asked when they will receive their letter advising of the HOA dues assessment details for the newly adopted assessment year that begins July 1, 2020 and ends June 30, 2021. That letter will be posted to the website when provided to your webmaster, and will be emailed to all members who have authorized email to receive notices from your HOA. Other members receive it by regular mail.
For now, here is a summary:
The Board of Directors passed a new budget for the fiscal year starting July 1, 2020 and ending June 30, 2021, a new 12-month budget period. The new assessment amount for the entire fiscal year is $2,444, or $1,222 every six months, payable on/before July 1, 2020 and January 1, 2021. This is an increase of $392 for 12 months.
Everyone who paid in full last December (or early January) for 2020 has one-half of their $2,052 payment applied to the first half of 2020, and the remaining half – $1,026 – is a credit against the $1,222 due by July 1, leaving $196 due from these members for the first payment in the new fiscal year. Anyone who only paid half previously ($1,026) has no credit to apply to the July 1 payment, and that means $1,222 is due on/before July 1, 2020. [No information is available yet for those who wish to make a single payment for the entire assessment period.]