Bald Rock Board Approves Budget for 2017
Your Bald Rock Board held its Fall meeting on October 22, 2016. I am pleased to announce that the Bald Rock Community is in a strong financial condition. Over the years your Board has built up adequate reserves to continue to maintain the community in the highest standards for you and your neighbors to enjoy, preserve and increase your property values.
Your POA fee and reserve allowance will not change for 2017. This fee was reduced by $100 in both 2013 and 2016. We previously communicated that the property transfer fee was eliminated in June 2016. You will be receiving official notice of the Budget Ratification Meeting from Pro Management shortly and I would encourage you to send in your proxy to approve the budget for 2017.
We are seeing very optimistic signs of growth on our mountain. There are four new homes and two major remodel projects under construction, demonstrating the vibrancy of our community.
Your Board recognizes that the equestrian operations are an important amenity in our community, which makes us unique from every surrounding community. The barn is approximately 20 years old and is in need of maintenance and improvement. The community trails also need to be improved. Therefore, we unanimously voted to move $60,000 from our general reserve fund to our equestrian reserve fund. It is our objective to identify (under the leadership of Carla Erikson), bid and accomplish many of these improvements between now and May 2017.
We live in a unique and beautiful community with a diverse group of property owners. The Board’s overwhelming mandate is to maintain our Bald Rock community in pristine condition for all owners to enjoy.
Wishing each of you a Happy Holiday Season!
Rick Irwin, President
Bald Rock POA Board
October 26, 2016