Friday, May 24, 2024

Special Assessments Updates

Our bank is still processing loan documents and we should be able to determine the amount of the first special assessment by the middle of June. The amount will be based on the interest rate applied to the loan. The owners who made upfront lump sum payments are all set and will not need to pay anything.

The payments towards the first special assessment will be due by July 10th.

The monthly payments of 100 dollars towards the second special assessment will also begin in July and it will be required for ALL unit owners. Please update instructions to your bank if you pay via online banking.

We will be posting regular updates as soon as we get closer to the construction phases of our repair projects. The most important ones will be related to the driveway and garage access so, stay tuned.

Please let us know if you have questions.