2027 HOA Dues Increase and Community Maintenance Update

Dear Homeowners,

The Board has approved an increase in HOA dues for 2027. We understand that any increase in

expenses affects homeowners, and we want to share the reasons behind this decision and the financial needs facing our community.

Like many communities, we continue to experience rising operating and maintenance costs. Despite previous dues increases, our current funding is largely being used to maintain existing operations and address ongoing expenses. We have not been able to build sufficient reserves to replenish funds used for required work in previous years or prepare for the larger expenses ahead.

Several significant maintenance projects are on the horizon:

Pool Replastering

The pool has been flagged for replastering, with an estimated cost of approximately $60,000. Pool plaster typically needs to be replaced every 7–10 years, and our pool is now in year eight. While we have spent several thousand dollars annually on ongoing repairs and maintenance, continuing to patch and repair aging plaster is no longer the most cost-effective long-term approach. Replastering will be a necessary investment in maintaining this shared community amenity.

Basin Repairs and City-Mandated Requirements

Our community has incurred expenses in previous years related to basin work required by the city. We also have additional work ahead, including lining the water culvert exiting the basin, which is scheduled for completion in 2028. These projects represent significant costs that must be planned for and funded.

Aging Common Areas and Future Improvements

Our common areas continue to age, and necessary maintenance and repairs will increase over time. Unfortunately, our current funding levels leave little room for improvements or for building the financial cushion needed to address larger, unexpected expenses.

The Board’s goal is to manage our community’s finances responsibly, meet required obligations, maintain our existing amenities, and plan ahead rather than continually responding to expenses as they arise. The 2027 dues increase is intended to help us better prepare for these responsibilities and begin working toward a more sustainable financial position.

We recognize that dues increases are never welcome news, and this decision was not made lightly. However, maintaining our community’s shared assets requires us to look beyond immediate operating expenses and plan for the significant maintenance needs that come with

aging infrastructure and amenities.

Thank you for your understanding, continued support, and investment in our community. We

appreciate the opportunity to serve our homeowners and remain committed to making thoughtful financial decisions that protect the long-term well-being of our neighborhood.

Current Dues: $975.00

2027 Dues: $1175.00

Sincerely

Saddlebrooke HOA Board