Can a New Capital Project be Paid by Annual Assessments – YES
Association Alert
AUGUST 29, 2023
2023 WL 4144757, Not Reported in N.W.Rptr (Michigan, 2023) What you need to know: A new construction project (street lights) can be a general and recurring expense and therefore fall under the annual budget. Facts: The community consisted of 350 members and in 2017 the defendant sought to increase the dues to $350/mo.
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