Revision to the Proposed Warranty Deed Restrictions
Since posting the Revised Warranty Deed Restrictions over a week ago we have receive quite a bit of feedback via email, phone calls, and this site with regards to the open-ended nature of the annual assessment.
In response to that feedback we are adjusting the language to establish controls on the amount of the annual assessment:
– The amount of the annual assessment will be $60. – The following changes may be made by the board based upon current finances: 1. It may be reduced. 2. It may increase no more than 5% over the previous year’s assessment. (So, 5% of $60=$3; therefore new fee would be $63) – Any other changes than those noted above must be approved by 51% of members.
We will post the updated version as soon as the proper verbiage is set.
We look forward to seeing you at the meeting.
Your AVRA Board.