The subdivision has annual assessments for each residence, as listed in the Indenture document. The annual assessment for 2021 was $345 per residence. 100% of the assessments invoiced to residents for 2021 were collected. The 2022 assessment will be $362.25 per residence, which is at the 5% maximum allowable increase versus the prior year. Assessments for 2022 will be due by 10/15/22. The increase in assessments is mainly due to a substantial increase in the cost of trash and recycle collection that started in Spring of 2022. The 2023 assessment will also most likely have to be raised to the next maximum level of $380.36, but the 2023 budget is still being worked on. The 2023 budget is looking very tight at this point. The 2021 financial statement and the 2022 budget are posted as PDF's on this page. These documents were shared and discussed at the subdivision meeting on 8/8/22.
Some of the items that the assessments pay for:
City and Village handles the regular collection of all assessments and distribution of payments for subdivision expenses. They will be sending invoices for the assessment, most likely around 9/1/22. The 2022 assessment fee will be due by 10/15/22. Assessments received after this date will be considered delinquent. Please remember that trash/recycling services may be suspended and/or liens placed on properties for unpaid assessments. City and Village is reachable at 314-739-4800 for any account related issues with your individual residence. There is an online payment option that can be used. Contact City and Village for more info.