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As you know your HOA board has been reviewing and updating the road capitalization required each year prior to setting the next year’s HOA assessment. This is based on the strategic plan developed in 2017 to ensure that the road maintenance and replacement costs are sufficiently covered in the HOA Road Reserve account when required in order to avoid a special assessment. In 2022 the Road Reserve assessment was $370 and along with the Regular Lot assessment of $205 resulted in an annual total of $575 per property. 

 

Due to this reduction in anticipated future costs, we have determined that our Road Reserve assessment can be reduced to $315 in 2023. This reduction along with a $205 Regular Lot assessment results in total 2023 HOA dues of $520 per property.  Yes, your HOA dues for 2023 are going down!