The board of directors have pre-approved the budget subject to the receipt of the proxies in order to waive the reserve. Starting January 2022, the amount to pay is as follows. Coupons will be ordered soon. However, please ensure to make your payment on time even if you do not receive the coupons, payments are due the 1st of each month.
1 bedroom $290.92 starting January 2022 & subject to the receipt of the proxies
2 bedroom $395.33 starting January 2022 & subject to the receipt of the proxies
It is important to mention that if we do not receive sufficient votes (51%) to waive the reserves, the budget will be approved with full reserves resulting in a higher increase. Please find below the amounts per unit with full reserves
1 bedroom $373.22 If sufficient proxies are not received to waive the reserves
2 bedroom $507.17 If sufficient proxies are not received to waive the reserves
**Please note the reserves is not up to the board. If you do not wish to fund the reserves, please ensure to submit the proxy. The board will be forced, per law, to approve the budget with full reserves if sufficient proxies are no received.