Phone:
During 2015, the Board employed Association Reserves to fully assess all our common area assets, their maintenance history to date, and the projected costs to maintain or replace over the next 30 years. Board members and our CPA participated fully in this study. The final Reserve Study report made it immediately evident to the Board that we have been too conservative in our shorter range estimates of what the dues should be to cover the long range expenses such as replacing our 3.2 miles of roads.
On Monday October 19, 2015 the SMVE HOA Board of Directors voted unanimously to raise the Association annual dues by $300.00, effective on January 1, 2016. The goal is to begin immediately to accumulate the finds required for these large projects.
The First Notice of the dues increase and Questions and Answers about the dues increase were mailed to all homeowners on October 31, 2015. The Reserve Study itself is available to homeowners on the Documents & Policies page of our website. Homeowners who do not have internet access may call Guy Scharf at (520) 338-2420 to view a printed copy.
While none of us like to see the dues increased, if we are to maintain the quality our community infrastructure, and avoid the need to ever have assessments, the dues are the proper way to accomplish this. With attractive and up-to-date infrastructure and sound Association financing, we continue working to keep up our home values.