Latest / Kendall County News - Shaw Local / Yorkville says subdivision’s HOA was improperly formed while collecting dues, urges residents to form new one

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Yorkville says subdivision’s HOA was improperly formed while collecting dues, urges residents to form new one · Kendall County News - Shaw Local

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  Speaker 1: Yorkville's subdivision's HOA was improperly formed while collecting dues, urges
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  Speaker 1: residents to form a new one. Written by Joey Weslow,
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  Speaker 1: This article is being read by an automated voice brought
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  Speaker 1: to you by Everlett. The City of Yorkville has discovered
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  Speaker 1: a disbanded homeowners association was never properly formed and said
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  Speaker 1: it was operating informally and collecting dues without question for
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  Speaker 1: a number of years. That organization was the Cannonball Estate's
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  Speaker 1: HOA that disbanded last year. The issue was uncovered as
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  Speaker 1: the city prepared to build the one hundred eleven home subdivision.
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  Speaker 1: For maintenance costs the city performed since the informal HOA disbanded,
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  Speaker 1: The city has been taking care of maintenance of the
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  Speaker 1: subdivision's public areas since the Cannonball Estates HOA disbanded. According
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  Speaker 1: to City administrator Bart Olson, the HOA was improperly formed
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  Speaker 1: by the residence or the developer around fifteen twenty years ago.
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  Speaker 1: Olsen said after a couple of residents saw that it
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  Speaker 1: wasn't on their title and objected to the paintsments, the
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  Speaker 1: HIA was disbanded. Improperly formed hioas cannot legally collect dues
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  Speaker 1: from residents. In light of the original HOA never being
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  Speaker 1: properly formed, the city is offering the residents a deal.
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  Speaker 1: In a letter to residents, the city said if they
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  Speaker 1: agree to form an HOA and take over maintenance by
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  Speaker 1: the end of this year, the city will absorb the
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  Speaker 1: cost of maintenance for twenty twenty five and the rest
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  Speaker 1: of twenty twenty six, which is around thirty thousand dollars
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  Speaker 1: according to city documents. If the residents do not unanimously
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  Speaker 1: agree to form an HIA, the city will continue providing
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  Speaker 1: maintenance and will build the residents with an annual ssatax
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  Speaker 1: covering past and future maintenance costs. The city's costs are
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  Speaker 1: estimated to be higher than the subdivision's previous AHOA annual dues.
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  Speaker 1: We think the residents should control and dictate sub division
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  Speaker 1: maintenance themselves, and that the residents may be able to
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  Speaker 1: provide the maintenance at a cheaper cost than the city,
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  Speaker 1: Olson said in city documents. The city council approved sending
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  Speaker 1: a letter to residents informing them of the option and
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  Speaker 1: allowing them to provide written comment via QR code only.
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  Speaker 1: Alderman Ard and Joe Ploacher voted against the measure. The
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  Speaker 1: city said it has been working with a few residents
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  Speaker 1: of the subdivision to get the process rolling and is
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  Speaker 1: willing to assist with the formation of the new HOA
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  Speaker 1: last year. The city said the projected total annual maintenance
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  Speaker 1: cost is seventy two thousand, seven hundred and sixty six dollars,
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  Speaker 1: including attacked on fifteen percent management fee of nine thy
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  Speaker 1: four hundred ninety one dollars, to be divided between the
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  Speaker 1: subdivision's one to eleven lots. The cost per home was
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  Speaker 1: estimated at six hundred fifty six dollars annually. With potential
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  Speaker 1: additional administrative fees, the price tag may raise to seven
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  Speaker 1: hundred and fifty dollars per household. The maintenance includes landscaping
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  Speaker 1: such as mowing, edging, mulching, and tree services including tree
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  Speaker 1: trimming and replacement. It also includes pond maintenance responsibilities. The
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  Speaker 1: city previously said it expects the annual fees to drop
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  Speaker 1: between five hundred dollars and four hundred dollars after a
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  Speaker 1: few years, once the maintenance projects that have been deferred
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  Speaker 1: are taken care of.