Our community website was developed to serve as an informative resource for both our neighborhood and our local community. Please feel free to contact us with your comments and suggestions.
Pam from Pinnacle Property manager sent in this picture. It appears to be the back of Moon Bay prior to Moon Bay. The land is almost at sae level. Moon Bay was built on a mound of fill. Thank You Pam!
Click on picture to enlarge:
Why an HOA Needs Sufficient Cash Reserves
Posted on Dec 2nd, 2016
Why an HOA Needs Sufficient Cash Reserves
Large expenses are to be expected in a development, and homeowners must cover the costs, one way or another.
What happens when a development’s homeowners’ association (HOA) encounters large or unexpected expenses? For example, if the clubhouse roof starts leaking, the pool needs resealing, or a piece of equipment in the fitness room breaks down, where does the HOA get the money to repair or replace these? At such times, the HOA’s reserve fund comes into play.