At their meeting on Oct. 26,
2012 the Board of Directors adopted the 2013 Budget, which sets
the 2013 monthly condo association fees at $225 for Units 16
through 167 and $80 for Units 1 through 14 (there is no Unit 15).
The new monthly fees will go into effect with the January 2013
payment.
Rather than wait until we formally notify you by mail in November, the Board felt it was important to also give you a "heads-up" as soon as possible about the condo fee increase via the flyer that was placed on your door earlier today and to also provide additional information about the 2013 Budget via this blog post.
What follows is some historical background along with the rationale behind the
Board's decision to raise the 2013 monthly condo association fees.
It focuses on Units 16 through 167 since those represent the
majority of our units and that is where most of our expenses are
incurred. Similar information for Units 1 through 14 (site condos)
would be based on their assigned percent of value and therefore
would be proportionally and significantly lower.