The Cinnamon Acres Board is reaching out regarding an important update on annual HOA dues. After deliberations with homeowners at the 9/25/2021 Cinnamon Acres Annual Homeowners and discussion at subsequent Board meetings, the Board voted to increase our annual homeowner dues from the current $240/year to $300/year effective 1/1/2022. Our neighborhood covenants allow the Board to increase HOA dues to the maximum dues ($25 per home per month for a total of $300/year).
The Board lakes Its financial stewardship responsibilities seriously; HOA expenditures are carefully controlled and monitored. Our community’s ongoing expenses (common area maintenance, snow removal, Insurance, OPPD lighting) continue to increase. The current level of Cinnamon Acres homeowner dues ($240/year} has not changed for a number of years.
We appreciate your understanding about the HOA dues increase. This increase will be reflected in the 2022 dues invoices sent in early 2022. As always, should you want to discuss this increase, please feel free to contact any Board Member. Homeowners are welcome to attend the HOA Board’s monthly meeting held the 3rd Wednesday of each month at 7:00 PM.
Reminder: Annual dues are to be paid no later than the last day of the calendar year. Late fees will be applied. For details, click here.