The annual HOA membership meeting happens November 15. The current board of directors will pass the budget for 2024 and the members will elect the board for next year.
Prices the HOA pays for water/sewage, trash pickup, electricity for the street lights and insurance for the buildings will all rise, though in a break for the HOA, the insurance rate will go up less than anticipated.
But it means another increase in HOA dues. Tonight's meeting included talk about whether to limit the increase (say 10% instead of 15%) which raises the risk of needing a special assessment, such as the $16,000 recently required to repair a pump in the lift station.
A few people preferred to "roll the dice," as one homeowner put it. Most thought it better to pay a higher monthly fee for a smaller chance of a surprise assessment.
If you have thoughts on the matter, you can email them to board@stcharlesplace.us.
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