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Notice of Insurance Assessment Due

Published: May 27, 2024

The Board of Directors, in an open meeting held on November 16th, 2023, approved, by majority vote, a one-time Insurance Assessment for Townhome Owners only. An Insurance Assessment, in the amount of $827.56, will be assessed January 1st, 2024, and will be due on or before March 31st, 2024.

ARTICLE IX. IV. III, INSURANCE ASSESSMENT

Per Article 9, Section 9.4.3., Insurance Assessments: The Association’s insurance premiums are Common Expenses that must be included in the Association’s annual budget. Nevertheless, the Board may levy an Insurance Assessment – separately from the Regular Assessment – to fund (1) insurance premiums, (2) insurance deductibles, and (3) expenses pertaining to the Fire Riser Closets & the fire sprinkler system for the Townhomes. If the Association levies an Insurance Assessment, the Association must disclose the Insurance Assessment in Resale Certificates prepared by the Association.

Should you have any questions, please contact Essex Association Management, L.P. by visiting https://www.villagesofprairiecommonshoa.com. Please follow the prompts to submit a web submission under the “Contact Us” tab.

Click here to download and read the Villages of Prairie Commons 2024 Insurance Assessment Letter

Villages of Prairie Commons HOA