The RPMIA, Inc. membership approved transfer of the street light expense from the Association to each individual lot owner’s monthly power bill remains a work in progress. In order to complete this process, we must have 100% participation from each lot owner in the subdivision. Currently, we have approximately 10 lot owners who have not signed the agreement and returned it to Flint Energies.
If every lot owner participates, each individual lot owner will be charged $3.37 per month, or $40.44 annually, for subdivision street lighting. As a result our Association dues would remain $125 per year.
If every lot owner does not participate, the RPMIA Inc. Board will be forced to increase its annual dues assessment to pay for the street light expense. The Flint Energies monthly rate for street lighting is higher to a homeowners association than it is to individual lot owners. Therefore, if 100 % of Riverbend lot owners do not participate in the transfer, the increase in dues will exceed the $3.37 monthly charge, or $40.44 annual amount, that would be payable by each lot owner. If every lot owner does not participate, the 2011 dues increase will be an estimated $60. per lot owner, raising our annual dues assessment from $125. to $185. Simply put, it is cheaper for each lot owner to pay for the lighting on your monthly power bill than it is to pay for the lights through our annual Association dues!
The deadline to participate in the transfer is December 31, 2010. If we do not have 100% participation by that date, the RPMIA, Inc. Board will proceed with budgeting that will include an Association dues increase. If you have not done so already, please contact Melanie at Flint Energies (988-3548) to complete your transfer paperwork.
