HOA Fees Not to Rise in 2010

The HOA Board of Directors has approved a preliminary budget for 2010.

Despite a significant rise in electricity costs and the continuing effects of the foreclosure crisis, savings in other areas will let us keep the HOA assessment at $213 per month, while continuing to build reserve funds for necessary maintenance and repairs of our property.

Several mild hurricane seasons gives us a break on our insurance, which is our single largest expense. We also negotiated new contracts and hired new vendors for some of our services, such as landscape maintenance, that we expect will give us both better service and a better price.

This makes up for big rate hikes from Tampa Electric, which you will also notice on your own power bills. Foreclosures will cost the community because people not paying their mortgages are also not paying their HOA Fees.

Final approval of the budget happens at the Oct. 27 HOA meeting. Homeowners will receive copies of the budget with notice of the meeting in the mail in about five days.

Here again is the location of the HOA meeting:

River of Life Christian Center
6605 Krycul Avenue
Riverview, FL 33569
(813) 677-4453


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