![]() ![]() This change is being made to increase the reliability and efficiency to the association and convenience to the homeowner. Effective, January 1, 2015, we will be changing banks for handling of association dues from Community Association Banc (Mutual of Omaha) to Alliance Associationīank.Please make note of the change inĪddress as we will be changing banks as well (see below). New coupon/billing books will be mailed in mid-December to all residents reflecting this change.In reserves to fund any issues that may happen in the community on property owned by the Greentree HOA without charging special assessments. This is done to ensure the HOA has enough money Homeowners Association needs to increase the monthly dues to $18/month in order to be compliant with Ohio law and to be considered fully funded. With the change in Ohio law, the Greentree The current $14.25 per month has been collected for over a decade with no increase. Monthly to plan for the repairs in the future. What did we learn from this reserve study? We learned that we do not collect enough.What do we need to plan for? Sidewalk repairs and replacement, repairs and maintenance at the community center and any other issues on any property that is owned by the What this means to us…Greentree HOA had to do a reserve study to ensure that we collect enough dues and have enough money in our reserve account to fund all issues that may happen in In 2010, there was a change in Ohio law that requires associations like ours to have their reserves fullyįunded. The association is able to operate within their means and also within the law. As the Board of Directors of the Greentree Homeowners Association, our job is to ensure that.Effective January 1, 2015, the monthly association dues will increase to $18 per month.Monthly Homeowners Association Dues Change: ![]()
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