Good Morning Everyone,
As explained last year at the 2017 Annual Meeting on Sunday, February 26, 2017, and posted on the Timberidge HOA website, the 30-year capital improvement plan recommended by Criterium-Dotson Engineers (Criterium) will require special assessments. The Board, with the help of Secure Association Management, implemented more frugal budgeting, examined projected profits, and were able to adjust the current special assessment from $3,500-$6,600 per unit down to $1,075.00 per unit while maintaining our capital improvement goals outlined by Criterium. The homeowners at the 2017 Annual Meeting preferred the 2017 Board Recommended Option, so we and the management team have used our option when planning maintenance and repairs for Timberidge through 2020.
We sincerely thank everyone in advance for paying their 2018 Special Assessment ($1,075.00) before or on Monday, April 2, 2018. For more information about the process, see these and other posts on the Timberidge HOA website (timberidge.wordpress.com):
- 2017 Monthly Dues Increase: January 1, 2017
- 2017 Reserve Study General Report
- 2017 Reserve Study Additional Information – This post summarizes the 2017 Annual Meeting and the 2017 Board Recommended Option decision process.
- 2016 Documents
- 2017 Documents
If you have additional questions, please do not hesitate to contact John Mackenzie of Secure Association Management. Also, please consider following us to receive Timberidge posts instantly via email.
With appreciation – Timberidge HOA Board of Directors