Community News

Pool / ADA Project Funding Clarification

posted Wednesday, December 05, 2018

 

Pool / ADA Project Funding Clarification

The LVHA Board has increased Association dues by $45 per quarter starting January 1, 2019.

 

This increase in dues allows the Association to service a 15-year loan for the Pool/ADA Project in the amount of $1.75 million. The Project will be funded out of regular quarterly dues without any Special Assessment or other contribution from homeowners.

The Board believes this complete funding plan is in the best interests of the entire community as it allows Members to pay over time for required upgrades that are long overdue and feels strongly that this will positively improve property values for all Members.  This is updated information from the material included with the Ballot. 

If the current Ballot Proposition is approved by homeowners, the Board will have the authority to arrange for the loan that is necessary to complete this financing plan for the Project.

Posted on behalf of the LVHA Board of Directors