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LAGUNA SPRINGS II MAINTENANCE ASSOCIATION, INC.
Q: How is the amount of my assessment determined?
A: The Department of Real Estate typically requires an initial budget from the developer for each community that a developer proposes to build. Thisbudget is set upon specific guidelines for utilities, landscaping, administration, etc. Reserve funds are monies set aside for future expenses due to thelife expectancy of certain items: lighting, street resurfacing, pool equipment, etc. These amounts are then divided by the number of units built in a givenphase of the development. Subsequent budgets are developed by the Board of Directors and adjusted periodically to meet anticipated expenses.
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