Following the recommendations of SROA's reserves fund specialist, Felix Reserve Group, the SROA Board of Directors unanimously approved placing a measure on this summer's ballot that proposes a maintenance fee increase to properly fund SROA's reserve fund and operations. If successful, the measure would take effect, January 2010.
While the board's action follows the reserve specialist's recommendations, the ultimate decision remains in the hands of all Sunriver owners. Governing documents of the association require that any proposed increase to the maintenance fee greater than 6% must be decided by vote of the ownership. In order for this measure to pass, at least 60% of all votes cast must be in favor of the increase.
SROA's board and staff are currently planning several town halls (both in Sunriver and on the road) to inform owners about this reserve ballot measure and give you an opportunity to ask questions and get answers. Dates, times and locatons are listed below.
Be sure to view the narrated presentation at the bottom of this page. It was prepared to clarify the issues surrounding our current and future reserves funding, and help you to make an informed decision when casting your ballot this summer.
