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Building Vibrant Communities Makes Us Innovative
- Budget - The budget consists of anticipated operating and reserve expenses for the year as well as future years’ reserve expenses. Operating expenses include utilities, maintenance of the common areas, administrative (management, accounting). The Reserve Fund is a type of savings account that covers major expenditures and replacements like roofs, painting, paving, pool resurfacing and equipment.
- Common Area Interest - All homeowners own an undivided portion of the common area either through a deed or the corporation.
- Rules Enforcement - Living in a community association imposes some special restrictions intended to maintain harmony and enhance property values. Fines Imposed for violations of the CC&R's or Rules & Regulations are intended as a means to gain compliance as opposed to "punishment".
- Collection Procedure - The Board of Directors is given the responsibility to collect homeowner assessments which are necessary to maintain, preserve and enhance the common area and the property values. A collection procedure details the time frame for payments and the penalties for non-payment from simple fines to property foreclosure.
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