Annual Dues Fast Fact - Reserve Study and Restricted Capital Reserves Fund
Dear Landings Association Members,Â
- The Landings Association commissioned a Reserve Study by an independent Reserve Specialist in 2019-20.
- The Study shows TLA is not contributing enough funding to the restricted Capital Reserves Fund for items like roads, community paths, storm drains, etc.
- Without an increase in funding, the Reserves will run out of cash in the next several years, leading to deteriorated community infrastructure.
- The Annual Dues Proposal will shore up the Reserves Fund to a level considered adequate by industry standards.
Click Reserve Study to learn more.
To learn more about the Annual Dues Proposal, visit www.landings.org/annual-dues.
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This article was originally published by The Landings Association on their website. Visit landings.org to read the original article. https://landings.org/news/2020/09/03/annual-dues-fast-fact-reserve-study-and-restricted-capital-reserves-fund