WHAT ARE ASSESSMENTS?
Assessments are routine monetary charges to all homeowner association members which go into a fund used to properly administer the affairs of the association. Some activities funded would be regular maintenance, repairs, obtaining insurance, routine administration & management of the community, maintaining an adequate Reserve Fund for major repairs and/or replacement of capital items. These funds are established through an annual budget prepared by the Board of Directors. As a member of the association, you are required to pay a share of the costs outlined in your annual budget.