- Posted by swtadmin
- On February 15, 2023
- 0 Comments
Currently, 2024 monthly owner fees are $806. Payments are due the first day of each month, and there is a 10-day grace period before a late charge is assessed. In addition to property maintenance and related administrative expenses, the fee provides each resident with basic cable, basic internet service, water, trash removal and sewage.
A concrete restoration project will begin in 2020 and it will be assessed.
About 10% of each monthly payment goes into the pooled reserve account. Our current planning project major repair or replacement of facilities through 2050. Currently we have commissioned a periodic engineering study of our balconies, which indicates that we will need to have repair work done on some unit balconies and possibly walkways in 2020, or 2021. A Special Assessment will be needed to accomplish this work.