Thanks to all of those that attended one or both of our educational meetings in August and September. As you now know, WGC is in a critical place as a neighborhood — and we must made some decisions to address current budget issues and prepare for future needs as well. Attached are two documents that were discussed in various versions over the past two months; these are being shared for the education of those that were not able to join us.

Educational meeting documentation
Educational meeting document: This final version reflects all Board discussion points from the meetings, as well as answers to questions and ideas shared during those conversations. Please note on page 2, the board has revised its original dues increase recommendation based on homeowner feedback. The recommendation will be to increase dues from $432 (current) to $650, to cover expected budget shortfalls and begin to rebuild reserves that will be significantly impacted due to service cost increases incurred in 2022 and for future needs. Operating budget and reserve impacts are detailed on page 1 of this document.

Reserve Study Overview: As we discussed in 2021, the Board initiated a reserve study to look at the health of our neighborhood amenities and to get recommendations on maintenance needs over the next 30 years. Ultimately, this is just a guide (this document is an overview; we have a much more detailed document as well) and decisions on maintenance timing will be made annually on a case-by-case basis by the WGC Board. However, it’s important to have this information in hand to ensure we have dollars in reserves/savings ready for fixes and enhancements when they are needed. This reduces the potential need for special assessments when unexpected issues arise.

So, what’s next??
Each homeowner will receive a letter next week outlining the process for voting on this dues increase on October 10, 2022. Signs will also be updated in the neighborhood and reminders will be placed on the sites. One vote per home, with exceptions noted in the document. Majority rules, and we’ll consider next steps based on the outcome of the vote.

Thanks again for feedback received to date. I hope you feel that the Board has been transparent with the issues at hand; forthcoming with ideas/recommendations and rationale; and responsive to homeowner questions/feedback.

If you have any questions prior to October 10, reach out to the HOA email box with specific questions, and we’ll answer as soon as possible.