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

Pets

No animals or reptiles of any kind may be raised, bred, or kept in any unit except small dogs, cats, and caged birds. Pets must be registered with the onsite office, and must be registered and inoculated as required by law. Pets are not permitted on the common elements unless under the control of an adult and carried or leashed. Pet owners are responsible for damage to common areas and disturbances to neighbors their pet may cause. Landlords are responsible for the actions of their tenants. Read more ...
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