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]

Parking

Talltree South owners and residents are entitled to free parking.  All Talltree South resident vehicles must be registered with the management office by completing a parking registration form. Permits are not issued to any unit not in good standing with the Association or not current in the payment of assessments.
  • One-bedroom units are allowed up to 2 parking permits and one visitor parking permits.
  • Two-bedroom and three-bedroom units are allowed up to 3 parking permits and one visitor parking permits.

Our Staff

Kelly Dillon
Rick Russell
Talltree South
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Steve RugenSteve Rugen
Cardinal Management Group