Effective 11/1/16, the dues will increase by $6 per month to $223. That’s less than a 2.8% increase. The draft budget presented to the Board by Cardinal originally indicated an $11 per month increase. Although the Board had to increase the amounts in some line items, such as common area maintenance, they were able to cut the costs on other line items, lowering the dues increase to $6. The vast majority of that amount is directly related to Phoenix’s first price increase since they came back to Crosspointe, over 11 years ago. The Board was able to negotiate a slightly lower cost, saving the HOA several thousand dollars a year. Even so, the Board put the contract out for bid. As it turned out, Phoenix’s cost was still lower than any other bids received.
If you pay your dues through auto pay, please make sure you adjust the payment to the correct amount beginning November 1, 2016. If you would like, Cardinal provides an auto debit capability which automatically deducts the correct amount from your checking or savings account each month. You can find the form here.