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Wednesday, November 25, 2009

HERE WE GO AGAIN

Well, it's kinda official. The board, led by Prez Doug Parker, has decided that they just have to have more money to operate. While they still have not provided an audit to show where the current dollars are spent, they find no fault with asking for more.

So, you will probably soon have someone knocking on your door and asking you to sign a new petition to increase the annual maintenance assessment for single family homes only to $280.00. Remember though - we pay for our own trash pickup, so this will bring our annual charges to $489.36 (If Waste Management never raises our fees). This compares to $396 in Quail Valley.

Also, the amended restrictions allow for a special assessment that is approved by a simple majority vote of members (and proxies) present at a meeting called for to approve same. The amended paragraph reads as follows:


Special Assessments for Capital Improvements. In addition to the Annual Maintenance charge Funds, also known as Annual Maintenance Assessments authorized above, the Association may levy in any year, a special assessment applicable to that year only (a "Special Assessment"), for the purpose of defraying in whole or in part, the cost of any construction or reconstruction, unexpected repair or replacement of a described capital improvement upon the Association’s common areas, including the necessary fixtures and personal property related thereto, or the facilities provided that any such assessment shall have the assent of fifty-one percent (51%) of the votes of the members of Meadowcreek Association, Inc. who are voting in person or by proxy at a meeting duly called for this purpose, written notice of which shall be sent to all members not less than 30 (thirty) days nor more than 60 (sixty) days in advance of the meeting setting forth the purpose of the meeting. Said Special Assessment shall be made a part of the above described vendor’s lien.


Note that no limit is specified in the above, and also remember that the townhomes and patio homes are not included in the modifications. So - if the Board, voting proxies, wants to spend a million or so on a new ice skating rink.....We have to pay for it or suffer the consequences.

While most agree that $100 is not a lot to ask for, it's still not unreasonable to ask where the money is going. This increase will bring in over $50,000 additional dollars for the board to play with, and that IS a lotta money. In fact, the total collected each year will be very close to $300,000 and that my friend is a heck of a lotta money!!!

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