For the first time in 5 years, the HSR Board will recommend an increase in the annual assessments at the 2013 Annual Meeting. The proposed $75 increase will help offset increasing maintenance and administrative costs and proposed capital spending.
Even with the proposed increase, the Association is likely to incur a significant deficit in 2013 due to anticipated, safety-related, expenditures. The deficit is expected to be between $3,000 and $5,000 and will be funded out of the HOA’s existing surplus.
Members will vote on the 2013 budget and assessments at the Association’s annual meeting, scheduled for Saturday, March 23, at 3:00pm. As in previous years, the annual meeting will be held at the HOA Pavilion and all members are welcome and encouraged to attend. In addition to reviewing 2013 budget and member assessments, the board will review 2012 accomplishments, the current state of the neighborhood and plans for 2013.
The Association is actively seeking new Board members for 2013. Board members are volunteers who are committed to a well-maintained, safe and attractive neighborhood. Their actions contribute to all members' property values and help us all enjoy neighborhood amenities. The Board ideally consists of 6-9 board members who contribute 2-3 hours per month to oversee Association business and social affairs and our relationships with local governments and agencies. Please consider helping your neighbors by joining the 2013 board.
Mark your calendars and plan to attend!