Assessments
The budget is presented to the membership each year at April's Annual Meeting at which time the homeowners vote to approve the budget for fiscal year that runs from June 1 through May 31.
Approximately three-quarters of the budget goes to maintaining the roads in the community. Assessments are used to cover these and other common expenses. The annual budget is planned on the expectation of collecting homeowners' dues from all property owners in a timely manner. Late payments cost the association additional expenses and can cause delays in scheduled work in the community.
Annual assessments are due on June 1st of each year. The assessment amount is determined each year based on the expected and budgeted expenses for the prospective year only.
2012 Assessment Amount: $575.00
The Fairview Forest Homeowners' Association assesses fees from all property owners to cover common expenses as described in the Planned Community Act and as otherwise provided in the Restrictive Covenants and By-Laws. Assessments are used for the general purposes of promoting the health, safety, welfare, common benefit and enjoyment of the property owners and include maintenance of the roads and common areas, purchase of required insurance, maintenance of reserves and for other reasons.
The budget is presented to the membership each year at April's Annual Meeting at which time the homeowners vote to approve the budget for fiscal year that runs from June 1 through May 31.
Approximately three-quarters of the budget goes to maintaining the roads in the community. Assessments are used to cover these and other common expenses. The annual budget is planned on the expectation of collecting homeowners' dues from all property owners in a timely manner. Late payments cost the association additional expenses and can cause delays in scheduled work in the community.
Annual assessments are due on June 1st of each year. The assessment amount is determined each year based on the expected and budgeted expenses for the prospective year only.
2012 Assessment Amount: $575.00
The Fairview Forest Homeowners' Association assesses fees from all property owners to cover common expenses as described in the Planned Community Act and as otherwise provided in the Restrictive Covenants and By-Laws. Assessments are used for the general purposes of promoting the health, safety, welfare, common benefit and enjoyment of the property owners and include maintenance of the roads and common areas, purchase of required insurance, maintenance of reserves and for other reasons.