For those of you who have not heard, the outcome of the December 4 vote on the proposed $50 assessment increase was defeated by a vote of 49 to 40.

• At the December 4 special meeting the Board asked Unit Owners to vote in favor of an increase in the monthly assessment from $225 to $275. The additional $50 per month would have been used to increase the monthly contribution to the reserve fund from $19 to $69 per unit/month.
• Since the increase was not approved, the Board will impose a 10% increase ($22.50) which will increase your monthly assessment from $225 to 247.50. This will increase reserve funding from $19 to $41.50 per unit/month.