Re: Wood Crest Owners Association Upcoming Fee Increase – 2024
Dear Wood Crest Owners:
This letter is to provide official notice of a condominium fee increase which will be effective January 1, 2024.
At the 2023 Annual Owners Meetings, owners in attendance were presented with the budget and two different increase options. The owners in attendance voted to increase the regular assessment by 15%.
Effective January 1, 2024, the monthly condominium fee plus gas for one-bedroom units will increase by $24.00 and the fee plus gas for two-bedroom units will increase by $31.00 per month. You will continue to see the condo fee separated into the three charges in order to segregate the reserve contribution portion of the condominium fee and the gas portion.
If you have an auto-pay set up, please remember to update the amount before the January payment is due. Those with auto-pay through First Citizens Bank will also need to adjust the payment amount.
— Current 1 Bedroom HOA Fees plus gas portion: $201.00
— January 2024 1 Bedroom HOA Fees plus gas portion: $225.00
— Current 2 Bedroom HOA Fees plus gas portion: $263.00
— January 2024 2 Bedroom HOA Fees plus gas portion: $294.00
Thank you in advance for your support. If there are questions regarding billing, please contact Lil at Direct Community Management.
Regards,
Lil Wayman, Direct Community Management, Inc.
Manager for the Wood Crest Owners Association