Homeowners,
After reviewing the association’s available cash on hand for 2021 and the increasing costs of services for the community, the Board of Directors deems it necessary to increase the ongoing monthly assessment by $10.00. As the Board of Directors, we are committed to maintaining your investment and keeping Pheasant Ridge a wonderful place to live.
To meet these costs and commitments, starting August 1, 2021, the Board of Directors, pursuant to the Declaration of Covenants, Conditions and Restrictions (CC&Rs) hereby authorizes an increase in the per the unit monthly assessment of $10.00. This will increase the monthly assessment to $140.00 per month as of August 1, 2021.
You can see the recorded notice here.