The current economic situation facing the residents of CRCA is of definite concern to your Board. However, residents are still required to pay their homeowners dues, which is what the HOA uses to pay for things like landscape maintenance and community improvements. For residents who are having trouble paying the dues, please talk to the management company about relief measures. You still have to pay the bills, but this Board might be willing to work with residents on payment plans and other reasonable strategies to help residents pay the bills without incurring delinquent charges and, potentially, legal fees. We are Board members with a “fiduciary duty” to the association but we are also your neighbors and fellow homeowners. Please, do not just ignore your dues payments. We have seen delinquencies in dues payments increase 25% from Nov. 2007 to Nov. 2008.
While CRCA is in good financial shape I have requested all committees to put on hold any expenditures that are not absolutely necessary; until we see how the May dues received compare to those anticipated when the budget was approved in October. I am not saying we will not continue with budgeted expenditures but instead believe it to be financially prudent for this Board to act very cautiously in the area of spending association monies- your monies- given the current economic situation facing the homeowners of CRCA.
I’d like to take this time to personally thank Jim Susa- the Finance Committee Chair- for helping to put CRCA on a strong financial footing. Jim has resigned from the committee after seeing through on his goal of putting CRCA in good financial shape. The time and effort Jim put into this are very much appreciated and have not gone unnoticed. While I hate to see Jim leave I hope he takes advantage of his extra time to enjoy it with his family. Good luck in all you do Jim, and again Thanks!
CRCA is a great community because it’s full of great people. Your HOA Board looks forward to improving our community, but we need your help. We work for YOU!
Make a commitment this year to invest in your most valuable asset – your home – by getting involved in your CRCA HOA. We’re looking for volunteers to organize community events, help us communicate, serve on committees. Everyone’s busy. You don’t need to do it all. You’ll be surprised how a small contribution of time makes a big difference when we work together!