WHY DOES THE ASSESSMENT AMOUNT ON MY
MONTHLY BILL VARY FROM MONTH TO MONTH?
Because of the nature of large Master Planned Communities in early construction stages, your monthly assessment amounts will vary month to month until the community is completed. During the development period of Columbus Square, your monthly assessments may range between $110.15 to $219.35. Therefore, some months your assessment may be in the lower end of the range and then return to a higher amount, but should always stay within in the range. This fluctuation of assessment amounts is the result of the annexation of new phases into the Association, where additional amenities such as landscape areas, parks, etc., become part of the association along with the additional costs associated with maintaining these new areas.
Recently, there was an example of how the monthly assessment dues can adjust and range. In December the assessment for Columbus Square was initially $113.00 with a credit of $15.50, for a total balance due of $97.50. As a result of unit annexations and the December 15th acceptance of the Village Conservatory (recreation facility) for maintenance by the association, the December assessment adjusted to $138.03. Therefore, the December retro amount of $40.53 (listed on the January statement as "Assessment Adj" charges) was billed with the January assessment of $173.00 for a total balance of $213.53.
The current range of assessment amount is based on the current DRE budget approval, which is good through June 2008. Your monthly assessments will continue to adjust and range between $110.15 to $219.35. Should you have any additional questions regarding your monthly billing statement for Columbus Square, feel free to contact an accounting representative at 1(800)428-5588, and select option 5.
Please keep in mind that there are neighborhood sub associations within Columbus Square. The neighborhood sub associations are Cambridge Lane, Meriwether, Camden Place, and Mirabella. Each of these communities have a separate assessment in addition to that for Columbus Square. Please contact the management company for that specific association if you have questions about that assessment billing.