Dear Owners,
Due to the recent changes in the insurance dynamics in California, our HOA has been faced with a significant increase in insurance premiums (increasing over six times the prior year amount). Similarly, HOAs across the state are also facing the same realities.
As a result, the Board has made the difficult decision to implement a special assessment resolution over the next year to cover the budget deficit.
See table below for a breakdown of the assessment amounts due starting on February 1st, 2025. We understand that this assessment will have a big impact on each of the members, and we want to assure you that this decision was not taken lightly.
Each owner will have a seperate account number for the Special Assessment and this will be provided along with a printed statement . We expect those to be sent out by end of next week. The special assessment account can be linked with your current Town Square profile and paid through Town Square once you are assigned your account number. See the link below for instructions on how to link multiple accounts under one Town Square profile registration.
| Unit Type | $ Monthly | $ Annually | Notes |
|---|---|---|---|
| Condo | $146.00 | $1,752.00 | • 1st installment due – February 1, 2025 • Total Amount due January 31, 2026 • Can pay in full at any time |
| Single Family | $181.25 | $2,175.00 | • 1st installment due – February 1, 2025 • Total Amount due January 31, 2026 • Can pay in full at any time |
HOW TO LINK MULTIPLE ACCOUNTS IN TOWN SQUARE >
If you wish to pay the Special Assessment by check, please reference your account number in the memo line and make the check out as follows:
The Boulders Condominium Association 2025 Emergency Special Assessment
c/o Associa Sierra North
10509 Professional Circle Suite 200
Reno, NV 89521
We appreciate your understanding and cooperation as we navigate this situation.
The Boulders Board of Directors