2014 Septic Reserve Funds Proposal 2014 Septic Requirements Individual Septic Tank Maintenance Obligation No separate Reserves Fund for 260 homeowners Private maintenance amp repair ID: 478536
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Slide1
Grand Firs HOA
2014 Septic
Reserve Funds
ProposalSlide2
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
H
omeowners shared
$6.9K cost
in 2012Slide3
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)Slide4
Community Septic Lots
** Click in slide below to access full Excel worksheet for 142 lots/property addresses.