Following the recommendations of SROA's reserves fund specialist, Felix Reserve Group, the SROA Board of Directors unanimously approved placing a measure on this summer's ballot that proposes a maintenance fee increase to properly fund SROA's reserve fund and operations. If successful, the measure would take effect, January 2010.
While the board's action follows the reserve specialist's recommendations, the ultimate decision remains in the hands of all Sunriver owners. Governing documents of the association require that any proposed increase to the maintenance fee greater than 6% must be decided by vote of the ownership. In order for this measure to pass, at least 60% of all votes cast must be in favor of the increase.
Understanding the importance of such an action, the board has prepared a brief explanatory letter of the ballot measure along with an accompanying pamphlet that further explains the nature of our current reserves. Also included is the recommended plan by the reserve specialist. Watch for this to arrive in your mail box next week. SROA General Manager, Bill Peck, has prepared a presentation relative to the reserves. It is posted on the Web site www.sunriverowners.org>News & Notices>Your Association Reserves.
Your board and staff are currently planning several town halls to inform owners about this reserve ballot measure. The town hall format provides a structured atmosphere conducive to collaborative problem solving. You are encouraged to attend any of the scheduled gatherings listed below and bring your questions.
SUNRIVER Thursday, May 14 & Wednesday, May 20, 6 pm SROA Administration Building
EUGENE Thursday, May 28 6 pm Phoenix Inn 850 Franklin
SALEM Friday, May 29 6 pm Phoenix Inn 1590 Weston Ct., NE
LAKE OSWEGO Saturday, May 30 10am-12 pm & 2-4 pm Phoenix Inn 14905 Bangy Rd.
While the board's action follows the reserve specialist's recommendations, the ultimate decision remains in the hands of all Sunriver owners. Governing documents of the association require that any proposed increase to the maintenance fee greater than 6% must be decided by vote of the ownership. In order for this measure to pass, at least 60% of all votes cast must be in favor of the increase.
Understanding the importance of such an action, the board has prepared a brief explanatory letter of the ballot measure along with an accompanying pamphlet that further explains the nature of our current reserves. Also included is the recommended plan by the reserve specialist. Watch for this to arrive in your mail box next week. SROA General Manager, Bill Peck, has prepared a presentation relative to the reserves. It is posted on the Web site www.sunriverowners.org>News & Notices>Your Association Reserves.
Your board and staff are currently planning several town halls to inform owners about this reserve ballot measure. The town hall format provides a structured atmosphere conducive to collaborative problem solving. You are encouraged to attend any of the scheduled gatherings listed below and bring your questions.
SUNRIVER Thursday, May 14 & Wednesday, May 20, 6 pm SROA Administration Building
EUGENE Thursday, May 28 6 pm Phoenix Inn 850 Franklin
SALEM Friday, May 29 6 pm Phoenix Inn 1590 Weston Ct., NE
LAKE OSWEGO Saturday, May 30 10am-12 pm & 2-4 pm Phoenix Inn 14905 Bangy Rd.
