Effective: May 1, 2012.

Resolution 2012-2 supersedes prior resolutions with regard to reserve and investment policy.  A few highlights:

  • The overall financial policy of the Association is to raise assessments annually no more than absolutely necessary to meet ongonig operating expenses, fund reserves for hte future, avoid special assessments, and minimize borrowing.
  • A Reserve Study shall be conducted at least as often as required by the Virginia Condominium Act, and reviewed and updated annually with a review of existing reserve funds, and anticipated reserve expenditures. 
  • Investment of Reserve Funds shall be in low-risk instruments that maximize interest while preserving reserve principal.

Open or Download Resolution 2012-3, Reserve / Investment Policy. [.pdf, 43.3 K]

Things You Should Know

Laundry Facilities

Laundry facilities are provided on the terrace level as a concession by a laundry vendor. Washers and dryers are NOT ALLOWED IN INDIVIDUAL UNITS.

To report a malfunction of a washer or dryer, first call the vendor at the number listed on the machines, then notify the site office using the Action Request Form in the laundry room. It is important to leave the washers clean and to remove any lint buildup in the lint trap of the dryer each time you use it.

DO NOT OVERLOAD THE MACHINES. Trying to save $2 could end up costing $200 in repairs or cleanup. When in doubt, divide your load!

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