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Grand Firs HOA

Grand Firs HOA. 2014 Septic Reserve Funds Proposal. 2014 Septic Requirements. Individual Septic Tank Maintenance Obligation No separate Reserves Fund for 260 homeowners Private maintenance & repair of individual septic tanks Potential special assessments for shared drain field repairs

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Grand Firs HOA

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  1. Grand Firs HOA 2014 Septic Reserve Funds Proposal

  2. 2014 Septic Requirements • Individual Septic Tank Maintenance Obligation • No separate Reserves Fund for 260 homeowners • Private maintenance & repair of individual septic tanks • Potential special assessments for shared drain field repairs • Community Septic Tank Maintenance REQ • Maintenance required since 2007 • Contract bids estimated maintenance and pumping fees between $47.8 and $42.8K for 4 years • Special HOA assessments in 2012 and 2013 (Average$4.8K) • Nine homeowners shared $2.8K cost in Sep2013 • Homeowners shared $6.9K cost in 2012

  3. 2014 Septic Reserves Proposal • Community Septic Tank Maintenance Proposal • Comprised of 24 community septic tanks • Create separate Reserves Fund for 142 Homeowners • Increase homeowners HOA dues by $150 • This is in addition to proposed $115 raise of regular dues. • This amount is set aside in a special reserve only for community septic repairs. • Schedule pumping of 6 tanks/chambers (1/4 of the requirement annually) • Eliminate annual special assessment of septic maintenance contract (between $291 - $691 per homeowner)

  4. Community Septic Lots** Click in slide below to access full Excel worksheet for 142 lots/property addresses.

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