Special Assessment Information

Proposed Special Assessment

The Marina Bay North Shore Association proposes a new $3.2 million special assessment to address urgent dry rot repairs and other structural issues. If the assessment isn't approved, ongoing repair work may need to be halted, potentially causing further complications and added expense. All members are encouraged to vote on this crucial matter.

SPECIAL ASSESSMENT SUMMARY:

Purpose: Repay Reserves and Fund Necessary Maintenance Projects
Proposed Amount: $3,200,000
Amount per Unit: $24,615.38
Planned Payment Options: One-Time Lup Sum, 4 quarterly payments over 12 months *, Monthly for 10-years**

* Includes a one-time $950 fee for filing a voluntary lien.
** Includes a one-time $950 fee for filing a voluntary lien, interest, and accounting fees.

Additional Information:

For privacy concerns, the links to Special Assessment Information have been moved into the online Owner Portal. Please login to the portal using the link below and navigate to the "Document Page". At the top of the page are links for the following: