As your advocate on the Autumn Chase Hunt HOA Board, I'm happy to report that we have been able to keep your HOA dues level for the past three years. Now I hate to be the one to break the news but it is time we implement an increase to help ensure the future financial stability of the Association and avoid any out of cycle special assessments.
No, we are not in any financial trouble, books look great. It is just that the inflation rate has been at about a 2% for the past three years and we have felt that in our contract vehicles for trash collection, lawn care and community management. So at the last Board meeting the board approved what works out to a 3.25% increase rounded to the nearest dollar which means that effective 1 January 2019, HOA dues for townhomes will go from $215.00 a quarter to $222.00 a quarter and for single family homes, HOA dues will go from $180.00 a quarter to $186.00 a quarter. This adjustment is expected to hold steady for the next two years.
Remember, dues are paid in advance of the quarter on 1 January, 1 April, 1 July and 1 October. You have 30 days before a late fee of $50.00 is imposed. The late fee is imposed thereafter, every month that your account is in arears i.e., has a balance due.
Mark E. Camporini
President, Autumn Chase Hunt HOA