The #1 blog of International Village Condominium Association in Inverrary, Fla., keeping unit owners informed about important issues affecting the community

Sunday, December 3, 2017

How to avoid paying an extra $150 or more per month in maintenance fees

Thank you to all the International Village owners who turned in your proxies over the last week. We are now much closer to the number needed to avoid a maintenance fee increase, but we must receive your proxy no later than Tuesday, Dec. 5 at 7 p.m., which is the time of the budget meeting. If you haven’t already done so, please CLICK HERE to download a proxy, then print it, fill it out, sign it, scan or snap a picture of it and email it back as soon as possible. (To avoid higher fees and downsize the board of directors for greater accountability, vote "YES" on #1 and "YES" on #2.)

Remember, not voting is virtually the same as voting to raise maintenance by 50 percent because state law requires associations to obtain owners' affirmative consent to waive reserves. That means turning in your proxy will help you avoid paying an extra $150 per month if you own a one-bedroom unit, or an extra $230 monthly if you own a two-bedroom apartment. That’s quite a savings!

So to avoid a big maintenance fee increase and improve board accountability, vote "YES" to waive reserves and "YES" to reduce the board from seven to five members. (For a detailed explanation, click here.)

John Labriola
International Village President

No comments:

Post a Comment

Thank your for your comment. It will be posted following system review.