The 2023 HOA Assessment amount is $100.00/year and invoices were mailed on 04/26/2023.
The HOA Restrictions stipulate the following with regards to assessments: 22. ......One of the specific powers conferred upon the Corporation will be levy an annual assessment of $100.00 per year, per lot against each lot, payable on the first day of January, of each year commencing with January 1, 2003, for the purpose of securing funds for erecting, constructing, and maintaining any common areas, easements, sewers, detention basins......and parkways in said Subdivision......
The only way to change the assessment amount from $100.00/year is to amend the Restrictions which requires an instrument signed by the owners of a majority of the lots (63 lots) has been recorded agreeing to amend or change said restrictions and covenants; in whole or part.
If the Corporation determines that $100.00 per year per lot, shall not be sufficient, a majority of the owners of the lots in attendance at any annual or special meeting may increase the annual assessment to not more than a total of $125.00 per lot, per year for a two (2) year period, and all of the lots owners may participate in the business for the Subdivision at each annual or special meeting. The owners of each lots shall be entitled to one (1) vote and the owners of lots, either in person, or by written proxy, may cast the vote for any lot any lot.......