Assessments

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The subdivision has annual assessments for each residence, as listed in the Indenture document.  The annual assessment for 2025 will be $432.93 per residence with a 5% increase from 2024.  The 2024 assessment was set at $412.31 per residence, which was under the 10% (8.5%) maximum allowable increase versus the prior year.  This is due to rising costs of living, trash service, and common ground maintenance.  The 2024 budget is looking very tight at this point, and even with the raise of assessments for the 2024 year, we will not be putting anything into reserves.  The 2024 budget is posted as PDF's on this page.  The proposed budget for 2025 is on the home page and will be shared at the meeting Aug 5th 6:00pm, email, and on social media. 

Some of the items that the assessments pay for:

• Weekly Household Trash and Recycling Service for each residence (does not include weekly yard waste service)

• Monthly bulk trash pickups (service available by request)

• 3 yard waste pickups each year are included (dates will be announced) with our trash service contract

• Common Ground Maintenance/Landscaping (approximately 17-18 acres)

• Other Subdivision Related Expenses

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 9/2/24.  The 2024 assessment fee will be due by 10/11/24.  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.