The Gleneagle North Homeowner's Association currently collects two recurring assessments from each homeowner:
- Annual Operational Assessment - $50/year
- Trash Removal and Recycling - $96/year
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| The Annual Operational Assessment is collected once a year in the January/February
timeframe. The assessment amount is evaluated each year by the the Board of
Directors to fund annual operating and maintenance costs of the Association. The annual
assessment was raised from the original amount of $25 to $50 in 2003, when the Association
took over ownership and maintenance of the greenbelt common areas throughout the Association.
For more detailed information on the Association annual expenses, see the
Budget posted on this web site. |
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| Additionally, the Association began consolidated trash service for the homeowners in 2005.
The Trash Removal and Recycling assessment is $8 per month.
This assessment is collected in two half-year increments in January and July of each year.
The monthly rate is subject to change in 2010 upon renewal of our service contract. |
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| The Board of Directors also has authority to levy Special (one time) Assessments from time to time to
fund special expenses (see the Bylaws and Rules for more information).
To date, there has only been one Speical Assessment levied since the inception of the Association.
In 2006, A Special Assemsment of $75 was levied for Community Improvement projects. |