Nestled amidst 200 lush acres, Spring Run is a golf inclusive planned community consisting of 847 residential units including single family homes, carriage homes, attached villas, and garden condominiums. Bundled communities - such as Spring Run - also known as C.I.R.A.'s (Common Interest Realty Association) are responsible for property maintenance and repairs, management services, and other tasks defined in its governing documents. The association is funded by ongoing member assessments. Members elect the association's Board of Directors, which represents their interests in the association. However, beyond this basic understanding of bundled communities, the association's financials and structure of governance can be a little more hazy. Do you know how all of the improvement projects around Spring Run, from the gatehouse to the outdoor dining expansion, are funded? How were these projects chosen and who all had a hand in their conception? Join us for this in-depth discussion on Spring Run's finances and structure of governance.
Purpose: Learn about Spring Run's finances and structure of governance
Facilitators: Jim Rock, Mike Zigler |
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