Dear Cobblefield Point Owners,
Your HOA Board of Directors would like to start by emphasizing our commitment to our community and financial responsibility.
We will be increasing our HOA dues from $225 to $250 effective November 1, 2024.
We have not had an increase in dues in many years, and our most recent adjustment was a decrease from $250 to $225 in January of 2022.
As you know, inflation is hitting us all hard and costs are rising on labor and materials. We have many projects that need completed (rip rap around the pond, grading and buying downspouts behind A8 and B1, potential fence between Cobblefield and Providence – more info. on this at the bottom of this email) as well as general maintenance costs.
The board has explored alternatives to purchasing the fence: requesting the city to help fund our fence project (which was denied), requesting Providence fix and reinforce their fence (which is not only being denied, but they may take the fence down altogether to lessen the amount they need to spend in maintenance). We also explored imposing a special assessment. However, we determined that a dues increase is the most sustainable option.
We do not take lightly the impact of this increase on your lives. However, we are committed to keeping our community healthy, safe, well-maintained, and a wonderful place to live.
If you have any concerns or questions, please do not hesitate to reach out to us at: [email protected]
Quick Fence Update: We had many meetings this summer (with the Mayor, City Council Representative, Neighborhood Service/Relations Members, etc.) to discuss our options. As noted above, it sounds like if we want privacy/protection, we will need to install the fence ourselves. Working on getting updated prices and options and will send this information out soon. Thank you for your patience!