Your Board of Directors have been working extremely hard along with your Management Team on the 2024 Budget. The good news is that your HOA dues have been lowered to $300 per month starting January 2024. The insurance cost has been removed due to unknown Policy Amounts. Just over the past two years your Insurance Policy was raised $100,000 two years ago and approx $98,000 last year. This is due to eight water damage claims and two fires that damaged 13 units. Also, raised the deductible to $150,000 per occurrence. Sadly to say each claim, water and fire, was by a renter. No claims have been filed in 2023 thus far. Hoping this will lower the Premium.
Enclosed below please find your 2024 Budget. It has also been posted on your website.
Please make note that the Insurance line item has been removed from the 2024 budget, due to the reason above. Once the Board of Directors receives the new Policy and amount an Insurance Assessment will be issued to all owners of the HPR. Hopefully one day when the insurance rates get under control again we may add it back to your Budget, but FYI most HOA/POAs are now removing the insurance as we did and having an annual assessment for insurance.
PEST CONTROL: Is completed the second Tuesday of each month. Interior service will be on odd months and Exterior service will be on even months. A key to your unit needs to be deposited the the HOA Management. If no key is on file the Technician will knock. No answer means no service. A Tech will not enter if children are at home alone or dogs are in the unit. No service will be a violation fine assessed to the unit owner’s account.