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Petition Tag - hoa dues
As you may already know, the HOA board members are trying to raise our monthly dues by $55 a month. This is a yearly increase of $660. We are already paying almost $200 a month.
For some of the owners, they bought at the peak of the real estate market and have expensive mortgages that exceed the actual value of their home. Some people who have been living here for almost 30 years don't have a mortgage and can afford to pay $255 extra a month.
The economy is in a recession right now and everyone is having to cut their budget, can't Waterford Place cut theirs? Also stated in the "2010 budget" is a $49,928.96 charge for "capital improvements".
What improvements does that consist of? Are these necessary?
March 28, 2006
We the people of Sutter Creek HOA sign this petition in support to lower our monthly association Dues.
Petition Community Association (CA) is a generic term used to describe residential developments in which each owner is bound to a real estate organization by a set of governing documents that require adherence to a set of rules and the payment of assessments.
The money collected in assessments is used for the operation of the Association. Membership is automatic when a unit is purchased. CAs are not voluntary organizations.