ASSESSMENTS

  • Regular Assessments and Special Assessments are the primary funding mechanism to keep Canyon Creek operating. Members agreed to the terms of the Canyon Creek when the home was purchased. Consult your home purchase documents for more information.

  • Regular Assessments primarily pay (but not exclusively) for operational expenses to keep the neighborhood looking nice and to provide some services to the member residents. Examples of expenses are:

    • Utilities (Water, electricity, phone & data lines)

    • Common area Mowing and Landscape Maintenance

    • Pool and Bathhouse Maintenance and Cleaning

    • Security Equipment Maintenance

    • Amenities Maintenance (repair of lights and screens for tennis courts, etc)

    • Management Company Services including collection of assessments, compliance reviews and member services (pool keys, new member information, etc.)

  • Some portion of the annual budget is used to cover those item that have a long term payback (typically greater than one year). Examples in this category are:

    • Capital repairs including (common fence and building maintenance such as Bathhouse Renovation Project)

    • Contributions to the Capital Contributions Fund (also known as Capital Reserves) for future year investments.

  • Special Assessments are typically used to cover specific projects usually for a specific purpose. Typically these special project are for capital improvement projects that have a long term value to the neighborhood.

  • No.

  • Based on motions made at the May 2018 and July 2018 Board of Directors meetings, the board unanimously adopted a $250 per member household by the board of directors to supplement the existing capital reserve funds needed for renovations to the Canyon Creek bathhouse. Members were given the option to pay this assessment as a single amount (of $250 in September 2018) or split into two payments of $125 (September 2018 and January 2019). This $250 assessment amount was a reduced amount from the $400 proposed at the annual meeting. No additional special assessments are anticipated or planned for the bathhouse renovation project.

  • Attend the posted Board of Director meetings and/or read the post meeting minutes.

Additional Information