Attention Owners
At the annual Board Meeting management presented the YTD and the anticipated Net Operating Income for the Association in 2022. In addition, they presented the budget for 2023, with anticipated cost increase due primarily to energy and labor that are being passed on by our vendors. As a result of those increased costs in operations, Northwood Hills is forced to raise its dues by $10.00 per month in 2023.
Although we have experienced an inflation rate of 8.3% over the past year, we are only raising the dues by 3.92%. This leaves the association with a 3% contingency reserve, which is a very slim margin for error. Should that not suffice, the board would be forced to look again at other options, including a second dues increase later in the year.
Beginning January 1, 2023 the monthly fees will increase from $255.00 to $265.00 per month.
Winter Parking
Please do not park your vehicles over curbs. It prohibits the tractor/snow blower from being able to access or pass through the sidewalks. Do not park in front of the ramps in front of Building 1&10. We need to provide wheelchair access for those who need it and to gain access with the tractor on and off the sidewalks. The ramp between building 5&6 is for the snowplow service to push snow out of the parking lot area. Please leave that area open as well. to keep the sidewalks clear, we need everyone’s cooperation.
Please remember not to leave your car parked in one spot along the curbs for more than 48 hours. Our plow service cannot keep the curb spots clear if cars are stationary for long periods of time. The Association reserves the right to remove vehicles from the property at the owner’s expense for those who do not pay attention.