NCV Solutions Petition
NCV Homeowners please sign -> it needs to meet a quorum to bring this petition into action by the Board. Let's get involved to help the community! Thank you.
- Petition Summary
NCV current challenges:
1. By end of 2019, NCV Reserve was short $300,000
2. At the end of August 2020, 25% of homes did not catch up with their assessment/HOA fee payment. On monthly average, 30 plus homes don't catch up with the assessment payment during the year
3. NCV finance reports showed Legal collection fees was rising from $370 in January 2020 to $2,140 in May and topped at $3,944 in September
3. NCV audit reports showed total $270,000 for legal expenses from 2014 to 2019
4. For financial year 2020, $113,869 uncollectable assessments (bad debts) was written off
NCV needs Solutions to overcome above challenges!
Action petitioned for
- NCV Board to discuss and work out with HOA Management company and Lawyers on Solutions for NCV to overcome above challenges, and
- NCV Board to present possible Solutions to homeowners at coming open HOA meeting