June 8, 2026
Fellow CMF Property Owners and HOA Members:
The CMF HOA Board has been researching the current and future Financial Condition and concluded that fiscal year 2027 will include an increase in the HOA annual dues in order to sustain operations to maintain the property assets of the community.
Article Ten (X) beginning on Page #10 of the official ByLaws for the HOA identifies the authority of the HOA Board regarding annual dues and special assessments. During the past two decades of the HOA, the Board has carefully managed the Finances of the organization and considered, but never exercised the authority to increase the annual dues or implement special assessments.
That original rate structure for developed and undeveloped lots no longer covers the operational requirements for the community. Attached to this email is an analysis of the cost factors that are driving necessity for the planned increase.
The Board is planning a 2027 budget that increases the rates by 10%. The 2027 rate for undeveloped lots will increase from $700 to $770 and for developed lots, the increase will be from $1,200 to $1,320. The Board has the authority in the ByLaws section referenced to vote and record approval in published Board meeting minutes.
We recognized that HOA members may have questions or comments on this proposed rate increase. You can send your questions and feedback to me via email. The Board plans to schedule an online ZOOM, “Town Hall-like” session in late August to address any of your questions. In this way, owners can hear the feedback at the same time rather than individual responses. We value community input in a transparent manner.
Sincerely,
Perry Swaim
CMF HOA Board President