Reston Association’s annual assessments will be no higher than $634 in 2014, RA’s Board of Directors decided on Monday. That’s still an increase of $44 from 2013 should the assessments be set that the top of the range.
The directors voted 7-1 (Vice President Andy Sigle was absent) to submit a budget proposal and annual assessment level for discussion and approval at RA’s Nov. 21 meeting. New board member John Higgins was the dissenting vote.
The board has said earlier it was considering taking out a loan for up to $2.5 million in order to keep assessments from rising too high. President Ken Knueven said on Tuesday the loan action will not be decided until the board sees updated budget numbers in the next week.
Assessments in 2012 were $590. In 2011, members paid $540. A decade ago, assessments were $415.
Assessments — which give RA members access to pools, lakes and other amenities — help the association pay for maintenance and upkeep of existing Reston amenities, as well as IT solutions for improved efficiencies and member services.
Knueven has long been a proponent of Reston improving and maintaining existing facilities as Reston enters its 50th year.
“The amount of due dilligence is one this board can be very proud of,” he said. “We have made the highest priority to maximize the value of assets while minimizing the [financial] impact.”
Members can review the 2014/2015 budget documents on RA’s website and can share their comments and/or questions by e-mailing [email protected]. Public comments are also welcome at the Nov. 21 meeting at 6 p.m. at RA headquarters, 12001 Sunrise Valley Dr.