Association Expenses

Monthly assessments in the amount of $100 are paid to the association by each homeowner.

All funds deposited in excess of what is needed to pay the monthly obligations are transferred from the operating checking account to the Reserve account which is an interest bearing money market savings account. The reserve account is used for major future scheduled painting and maintenance expenses of all stucco, fascia and trim, and any other major expenses as they may arise. Below is an outline of expenses commonly paid from the association account.

Common Ground Landscaping

  1. Mowing and weeding of common ground
  2. Water for all common ground landscaping
  3. Pruning of ornamental shrubs and bushes
  4. Edging and finishing/cleaning of common ground
  5. Any and all area maintenance and repair as needed

Perimeter Fencing & Entrance Monument Maintenance

  1. Gas and electric fees for entrance monuments
  2. Repair and maintenance of fencing and entrance monuments
  3. Replanting of seasonal flowers/foliage at entrances

Exterior Building Maintenance

  1. Any needed repair to stucco, fascia or trim
  2. Scheduled painting and maintenance of stucco, fascia and trim

Community Gathering Areas, the Pavilion and the Palazzo

  1. Cost of utilities, electricity, water, sewer
  2. Repair and maintenance as needed

Miscellaneous, Services, Correspondence, & Taxes

  1. Bookkeeping, association functioning and Management services
  2. Town Home community newsletter printing and supplies if applicable
  3. Neighborhood Watch program expenses if applicable
  4. Postage, printing, office supplies
  5. Common area property maintenance taxes to Franklin County
  6. Annual tax filing
  7. Seasonal expenses if applicable: Christmas décor, snow removal, insect control etc.

Represented by Referred Real Estate
info@mvtownhomes.com
Toll Free: 866-545-6699