1) Maintenance Dues – The amount collected amounts to $129,950.00 which is an average of approximately $43,000.00 per month paid by approximately 55 household.
The cost to cut the entrance is $30,000.00 and the Park is $90,000.00. If these areas were to be cut monthly, the cost would be $120,000.00 which is a far cry from the approximately $40,000.00 we collect monthly for dues. Also of note is that there are other areas that cannot be maintained with the limited funds that we collect.
Maintenance Dues have been set at $500 monthly from as far back as 2012 and with the constant increase in prices, it is no longer a practical amount.
Discussions are now being had with a view of increasing this amount in the coming year.
2) Wall Building Project – The amount collected for this period is $68,600.00
We are proposing to suspend collection for this project after the December month end collection. We believe that by then we would have collected enough to complete the project.
Other areas requiring our urgent attention in 2024 are:-
a) Patching of our main roads.
b) Installing additional Speed Bumps on the Boulevard.
c) Repairing & upgrading our CCTV system.