When the Association was first created, the California Bureau of Real Estate (BRE) required the Developer (Lennar) to file a budget for each phase of development prior to construction. The budgets were calculated using the BRE Cost Manual Guidelines which project both regular operational costs and reserve funding (savings) requirements for the long-term repair, replacement and/or restoration of all of the components the Developer intended to build. The assessment rate adjusts to the pre-approved budget amount each time a new phase is annexed (brought) into the community, based on the anticipated changes in common area and facility expenses. The BRE budget was included in the disclosures provided at the close of escrow.
Additionally, the Association's assessments are calculated on a variable assessment schedule which means the legal documents require some or all expenses to be allocated differently based on unit size or type. This is called a "variable assessment" because the resulting assessment amount varies from unit to unit. The variable assessment schedule is included in the closing documents to show the amounts owed by each unit.
Even though the Association is operating on the pre-approved BRE budget which is provided to all buyers prior to their close of escrow, California law also requires the Board of Directors to annually distribute specific documents to all members prior to the Association's fiscal year end.
I hope this helps address your concerns. If you have additional questions, please feel free to let me know.
Thank you,
JILLIAN FISKE
Community Manager
FirstService Residential
50 California Street; Suite 3550 | San Francisco, CA 94111
Direct 415.321.8187 | Toll Free 800.428.5588
Email Jillian.Fiske@fsresidential.com
www.fsresidential.com
Sean LaRrett415.572.7326Hi Sean,Any response from Natalie? I refused to pay like this no notice..nothing!--RajaOn Tuesday, March 1, 2016 7:50 PM, Sean LaRrett <seanlarrett@me.com> wrote:
I'm in agreement - I received no notice but just opened an HOA bill 14% higher than what I was originally told (and paid one bill cycle for). I agree that this is completely unacceptable with no notice and have followed up with Natalie (awaiting response).
On Mar 1, 2016, at 1:51 PM, Caroline Cooper <cgc1117@gmail.com> wrote:Hi all,I just received notice that there was an adjustment to our HOA fees per the "Phasing" development. Apparently we are supposed to receive an updated budget whenever these adjustments take place, which I don't believe we did receive (I didn't see it on the community website). These fees were adjusted on Feb 1. At the previous HOA meeting, we had asked Natalie when we can expect these changes and whether or not an estimate, percentage-wise, could be provided (because we do not all pay the same fees based on unit size). Neither of these were provided, nor was this communicated in a community update or on the community website.Just so you know, there were 2 adjustments made - 1 to the "Assessment" line item (which I received an adjustment up about 10%), and 1 to the "Block 51" line item, which is now being named as "Sidewalk assessment" (I received an adjustment down about 30%). When I called first service help line about this, they had said they believe these changes would need to be approved by the Condominiums HOA board, but I don't believe that we saw this come through on a recent Agenda.Just wanted to throw this out there to the group, as I was very frustrated to receive a bill that I could not understand, let alone to have never received communication from our Community Managers, Natalie or Jillian, regarding this change.Hope you're all having a great week and that this information is helpful.Caroline--
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