Mosier Creek Home Owner Association Dues
("HOA Dues" based on 6/1/07 operating data)
Home Owner Association (HOA) and Dues:
All residences will belong to the Mosier Creek HOA, which will pay for all aspects of maintenance of the common areas. Common areas are limited to the main access road, carports, most areas of landscaping and the exterior treatment and sealing of the cedar siding and roofs. Dues are anticipated to be approximately $124 / month for a town home and $66 / month for a flat. But this may change based on home owner input. The HOA will be responsible for updating and enforcing the Mosier Creek Living Guidelines (rules and regulations to promote the peaceful enjoyment of the property).
Total Project
| Operating / Maintenance |
Annual |
Monthly |
| Management |
$6,000 |
$500 |
| Gutter Cleaning |
$500 |
$42 |
| Roof Inspection / Maintenance |
$850 |
$71 |
| Misc. Maintenance |
$1,200 |
$100 |
| Landscaping |
$12,000 |
$1,000 |
| Insurance |
$4,500 |
$375 |
| Tax Prep |
$225 |
$19 |
| Reserve Study Updates |
$750 |
$63 |
| Liscenses and Fees |
$75 |
$6 |
| Contigency |
$1,800 |
$150 |
| |
| Operating Budget Sub-Total: |
$27,900 |
$2,325 |
| Maintenance Reserve: |
$15,745 |
$1,312 |
| |
| Total |
$43,645 |
$3,633 |
| |
Annual |
Monthly |
| HOA Dues for Town Home @ 3.512% |
$1,537 |
$128 |
| HOA Dues for Flat @ 1.8779% |
$820 |
$68 |
Other Expenses based on a 1,600 sq. ft. Town Home
| Estimated meters and taxes |
Annual |
Monthly |
| *Electric |
$816 |
$68 |
| Water (City of Mosier) |
$420 |
$35 |
| Sewer (City of Mosier) |
$540 |
$45 |
| *RE Tax |
$3,204 |
$267 |
| |
| Total: |
$4,980 |
$415 |
| |
| *Costs for Flats assumed to be 35% to 45% less |