Resolution 2012-2: Reserve / Investment Policy

Effective: May 1, 2012.

Resolution 2012-2 supersedes prior resolutions with regard to reserve and investment policy.  A few highlights:

  • The overall financial policy of the Association is to raise assessments annually no more than absolutely necessary to meet ongonig operating expenses, fund reserves for hte future, avoid special assessments, and minimize borrowing.
  • A Reserve Study shall be conducted at least as often as required by the Virginia Condominium Act, and reviewed and updated annually with a review of existing reserve funds, and anticipated reserve expenditures. 
  • Investment of Reserve Funds shall be in low-risk instruments that maximize interest while preserving reserve principal.

Open or Download Resolution 2012-3, Reserve / Investment Policy. [.pdf, 43.3 K]

Change Notices

A form must be submitted when there is a change in tenants, an address or phone number change for you, or a change in agents who may be managing your property. Change notices are available from the Association office.