Dear Homeowners,
I know everyone has received the notification of our HOA dues increase beginning as of 01/01/2025. I am concerned on a couple of levels. I know the possibility of a dues increase has been discussed at our last couple of meetings. The information given to us about the exact dollar amount was not provided at these meetings, arguably due to the ongoing roofing proposals.
My concerns are as follows with this increase. How is a sharp increase of 57% in our monthly dues justified, and how was this figure calculated as being optimal and feasible at this time? It seems that communication from our HOA and elected board members has been less than optimal and that we have not been adequetly informed over the past few years about the challenges we face regarding the upkeep of our community infrastructure. I feel like this mandated increase has been thrust upon the community rather abruptly and at a time of year when people are trying to prepare for the holidays and the upcoming Philadelphia real estate tax due date.
While I understand that there are many uncontrollable economic and life variables, communication and information are paramount in preparing individuals to understand, participate, and become prepared with respect to any proposed financial changes. In addition, are there plans to increase our dues further? If so, what is the timeline for that?
I understand the roofing issue is being tabled for now, but again, what does that mean? When will this "elephant in the room” issue resurface again? Finally, I understand our community insurance policy mandates yearly dryer vent inspections. However, having us complete this by 12/31/2024 is too short of a notice. can this be extended?
Thanks for listening.