What is a special assessment, and how is one approved?

A special assessment is a charge on top of your annual assessment. It is for one year only, and it can only be used for a specific kind of project.

**What it can pay for.** The covenants limit special assessments to the cost of building, rebuilding, unexpectedly repairing, or replacing a described capital improvement on the common properties. That includes the fixtures and equipment that go with it. The project has to be described — a special assessment is not a general fundraiser.

**How it gets approved.** The members decide, not the Board alone. The covenants require:

- A meeting called for that purpose
- Written notice to all members at least **30 days** in advance, stating the purpose of the meeting
- A **two-thirds** affirmative vote of all the votes of the voting members who vote, in person or by absentee ballot

**Quorum.** At the first meeting, members holding 60% of all the votes must be present or voting by absentee ballot. If that quorum is not reached, another meeting can be called with the same notice, and the quorum needed drops by half. That second meeting cannot be held more than 60 days after the first.

**When it is due.** The due date is not April 1. For a special assessment, the due date is set in the resolution that approves it.

Special assessments are charged against each Original Lot — the lots as they were originally platted.

*Source: Restrictive Covenants, Article V, Sections 4, 6 and 7.*