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. Trial Court: The trial court found that “the street lighting project was … ‘general and reoccurring in nature.’
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