Proposed 2007 Budget and Proposed Special Assessment...

November 2006

The Details of the 2007 Budget and Special Assessment

The proposed 2007 Budget and the proposed Special Assessment is now public. If you live behind the pearly gates your new basic assessment is $289.99 plus the gate costs of $59.20 for a quarterly assessment of $358.09. This is an increase of $39.84 per quarter or approximately 13% over last years assessment. A little over the real rate of inflation.

Fasten your seat belts, we will now show you the proposed Special Assessment for 2007. It is $764.64 per property owner to raise a total of $419,020.00. As I have told you, we were going to run a deficit of of between anywhere between $85,000 and $120,000. Well guess what, it is actually $183,020.00. Now add that to the proposed "improvements" of $236,000.00 for a total of $419,020.00.

I am not saying this is all good or all bad either, but I am only one property owner. That is for us all collectively to decide. Oh, I forgot, the Board of Directors does not need your vote as they have the power to decide these things for you. If you are in favor or not, please seek out your neighborhood representatives to voice your opinion and attend the meetings as it is your money.

So if you live behind the gates, the total damages will be quarterly assessment of $358.09 for a yearly assessment of $1,432.26 + $764.64 for a total of $2,197.00.