Yellowstone Place Association was formed in 2002, and an annual assessment was begun the following year to help pay for various expenses. Chief among these has been lawn care and snow removal, but legal work, preventative maintenance, and other continuing expenses have also been covered by the $90 monthy assessment.
Meeting earlier this month, the YPA Board of Directors, after considerable discussion over the past year, has determined that it is necessary to increase the assessment by 10 percent.
Accordingly, all owners have been sent a letter spelling out the increase. Here is the text of the announcement.
The increase is effective July 1st, 2009.
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