Notice Of Assessment Increase & Insurance Assessment
Published: October 05, 2023
The Board of Directors, in an open meeting held on March 29, 2023, reviewed all estimated budget expenses for 2023 and determined the current assessment rate is not sufficient to sustain the Association’s operating budget. Through unanimous vote, the Board of Directors voted to increase the 2023 regular quarterly assessments. Additionally, the Board of Directors reviewed the insurance premiums for fiscal year 2023 and voted and approved an Insurance Assessment.
The Board of Directors approved an increase effective April 1, 2023. The quarterly assessments will increase from $375.00 to $468.75 quarterly. Payments for your assessments will be due in April, July, and October in the amount of $468.75. Due to short notice, the April assessment will not be considered late until May 31, 2023.
The Board of Directors approved an Insurance Assessment effective April 1, 2023 in the amount of $915.00 to be paid in 3 installments. Payments for your Insurance Assessment will be due in May, August, and November in the amount of $305.00.
Click here to download and read The Pinnacle 2023 Assessment Increase Insurance Assessment Letter
Pinnacle at Riverwalk Townhomes