The Gleneagle North Homeowner's Association currently collects two or three recurring assessments from each homeowner:
- Annual Operational Assessment - $75.00/year (2019)
- Trash Removal - $13.00/month for Calendar years 2019/2020/2021 (3 yr. contract began Jan. 2019)
- Way Green Recycle Service (optional) - $5.25/month
For 2019, the $75.00 Annual Operational Assessment
is split into two billings of $37.50 each in January and July. The annual assessment amount is evaluated each year by the Board of Directors
to fund annual operating and maintenance costs of the Association.
The annual assessment was raised from the original amount of $25 to $50 in 2003, when the Association took over ownership and maintenance of the greenbelt common areas from the Developer. The BOD approved a $25 increase of the annual assessment to $75 effective January 2017 to support the increased maintenance and repair costs that the HOA has been incurring and expects to continue to incur in the future. The Annual Operational Assessment increased from $50 to $75 beginning in 2017. For more detailed information on the Association annual expenses, see the Budget posted on this web site.
The Association assumed responsibility for trash collection by providing consolidated trash service for all homeowners in January 2005 and implementing a separate trash assessment. Single stream recycling was added in April 2009 as an additional, but optional
service, to homeowners wishing to recycle. The service charge for recycling is $5.25 per month. The trash assessment and optional recycle charges are billed for six months Trash Assessment
($78.00) and Recycling
($31.50 if provided) in January 2019 and again in July 2019.
The Board of Directors also has authority to levy Special (one-time) Assessments as required to fund special expenses (see the Bylaws and Rules
for more information). There has only been one Special Assessment levied since the inception of the Association - $75.00 for Community Improvement projects in 2006.
Title Companies and Realtors should see our statement requests
page for information on how to request the current billing status on any GNHOA property.