Annual Assessment Info for Algonquin Acres

Annual Assessments Due in September

The annual HOA (association) assessments of $50.00 are due each each September. A $10 late fee may be charged after the specified due date. Statements are mailed annually,via USPS, to each owner address on record with the association and/or county assessor's office.

Covenant Amendment

In 2005 the majority of owners voted to approve an increase of the annual assessment from $35 to $50. This amount and/or any special assessments can only be changed/approved with a majority vote of the owners (minimum of 39 affirmative votes - one owner vote per lot)

Assessments and Budget

Assessments are used to fund neighborhood events, newsletters, basic office supplies, postage, legal fees, etc.

An annual proposed budget and actual current year financial statement is sent to each owner in good standing prior (usually March) to our annual business meetings (usually April). Owners review the budget and financial information and vote to approve/deny the annual budget at the annual business meeting.

Financial information is available to owners in good standing when they have completed the proper form (see it on this website) and have arranged a meeting time with the custodian of the records. (Currently the President of the HOA...see contact e-mail address below.)

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