What is the monthly FBHOA assessment and what does it cover?
Currently, the dues are $500.00 per developed lot (effective 01-09-2026). The Association's Board of Directors establishes the monthly assessment amount based upon its periodic evaluation of the Association's current and future financial obligations. (Ref: CC & R Article III.e.d.5h and By-Laws).
There are no plans for any special assessments.
Services funded by the monthly Dues include but are not limited to:
- Weekly garbage collection
- Water & Sewer Services
- Liability and property damage insurance for all units (walls out). All homeowners are requested to maintain personal property coverage for the contents
- Normal periodic maintenance of building exterior surfaces includes re-painting, re-shingling roofs, re-siding, brickwork repair, and gutter/downspout repair or replacement
- Common area lawn care shrub and tree care
- Common area sprinkler system maintenance, replacement, and well water upgrades as needed
- Removal of snow from common area zones where or when removal is needed
- Common area electric power consumption
- Adminstrative Services: legal council, meeting room rental, website, email, newsletters and mailing
- Regular Geotech monitoring of the FBHOA bluff area and, if required, sluff mitigation
- Sealing or resurfacing of pavement on 15 guest parking pads
- Subdivision entry area, mailbox, and street lighting maintenance
- Common area property taxes
- Property management and professional service fees
- Principal & interest on any loan
- Maintain fiscal reserve