Shelton, Washington

Due to lack of cash reserves to support a water system, road and a very large...

Due to lack of cash reserves to support a water system, road and a very large dock, community members are assessed to cover expenses. For years the annual homeowner dues were not adequate for future costs of the three assets listed above. No one wanted to spend money. Also, the CC&R's were all broken and/or not enforced so they are not worth the paper they are printed on. One family dominated the community for years and influenced any voting. The Board of Directors are made up of community members that have not governed the HOA in a way that has kept the community financially able to cover their assets without assessments! Budgeting was a dirty word! The dock has to have $100,000.00+ improvements by 2030 as per Washington State DNR. The blacktop road has not been maintained and will cost $70,000.00+/-. The annual dues are up to $1500.00+/- per property. The homes that have recently sold were not worth the price and I am sure the real estate sales people do not inform the future buyers of the community's present and future issues.