Due to decreased interest income, continued high collection and bad debt expenses and the need to increase funding of reserve deposits, the Board found it necessary to increase the monthly dues from $48 to $50 at the May 2010 Board Meeting, effective July 2010.
Here's a breakdown of some of the major monthly expenses per residence.
Landscaping Contract - $13.36
Management Contract - $10
Reserve Deposit - $9.66
Water - $5.18
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