BULLETIN NO: 2023-14<\/p>\n
Pra<\/p>\n
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BULLETIN DATE | December 29, 2023<\/p>\n
Pamela Bashline<\/p>\n
ISSUED BY<\/p>\n
INFORMATION BULLETIN<\/p>\n
Community Services Manager<\/p>\n
MUTUAL<\/p>\n
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Community Services Division<\/p>\n
AUTHORITY<\/p>\n
Resolution 90-23-69<\/p>\n
ADOPTED DATE | December 5, 2023<\/p>\n
SUBJECT: GRF Additional Occupancy Fee Increase<\/p>\n
Each unit is responsible for a pro rata share of GRF\u2019s assessment whether occupancy is one or<\/p>\n
two individuals. However, when more than two individuals reside in a unit, GRF charges an<\/p>\n
additional occupancy fee to recover costs related to incremental usage of GRF amenities and<\/p>\n
facilities.<\/p>\n
On December 5, 2023, the GRF board of directors increased its additional occupancy fee from<\/p>\n
$100 to 50% of the GRF total basic assessment per manor per month (rounded to the nearest<\/p>\n
dollar) for each additional occupant over two, to offset costs incurred by the extra occupants.<\/p>\n
Therefore, effective January 1, 2024, the additional GRF occupancy fee will be $114 ($228.22 x<\/p>\n
50%).<\/p>\n
The additional fee does not apply to caregivers (live-in or other) that are registered with the state<\/p>\n
of California and GRF.<\/p>\n
Please find the approved resolution below for your review:<\/p>\n
RESOLUTION 90-23-69<\/p>\n
GRF ADDITIONAL OCCUPANCY FEE<\/p>\n
WHEREAS, the GRF assessment for net operating costs, reserve and restricted<\/p>\n
reserve contributions is divided equally by the number of units in the Community,<\/p>\n
regardless of how many individuals occupy a unit; and<\/p>\n
WHEREAS, an Additional Occupant Fee is charged for each individual in excess of two<\/p>\n
occupants residing in a unit, to account for additional use of community services and<\/p>\n
facilities; and<\/p>\n
WHEREAS, Care Givers (live-in or other) that are registered with the state of California<\/p>\n
are excluded from the GRF Additional Occupancy Fee; and<\/p>\n
WHEREAS, the Additional Occupant Fee is applied to the owner’s account beginning<\/p>\n
on the first day of the calendar month immediately following the additional occupant\u2019s<\/p>\n
effective date; and
\nWHEREAS, the board periodically reviews fees as part of the business planning process<\/p>\n
to determine adequacy of revenues and shared costs; and<\/p>\n
NOW THEREFORE BE IT RESOLVED, December 5, 2023, that the Board of Directors<\/p>\n
of this Corporation hereby sets the Additional Occupant Fee at 50% of the GRF Total<\/p>\n
Basic Assessment per manor per month (rounded to the nearest dollar) for each<\/p>\n
additional occupant over two, to offset costs incurred by the extra occupants, to be<\/p>\n
effective January 1, 2024; and<\/p>\n
RESOLVED FURTHER, that such fee shall be reflected on the Fee Schedule; and<\/p>\n
RESOLVED FURTHER, that Resolution 90-19-57 adopted December 3, 2019, is hereby<\/p>\n
superseded and cancelled on the effective date of January 1, 2024; and<\/p>\n
RESOLVED FURTHER, that the officers and agents of this corporation are hereby<\/p>\n
authorized on behalf of the corporation to carry out this resolution.<\/p>\n
The total basic assessment information for GRF can be found on page 9 in the 2024 Greenbook<\/p>\n
(business plan) located on the website. Find the 2024 Greenbook at<\/p>\n
lagunawoodsvillage.com\/residents\/financial-services, under Budget & Financial Statements.<\/p>\n
Realtors and escrow officers are requested to inform their staff and clients of these<\/p>\n
guidelines.<\/p>\n
Please note: The website location for all mutual policies may change when the new website is<\/p>\n
completed.<\/p>\n
Also, please always refer to the website for the most current documents.<\/p>\n
Please email realtorforums@vmsinc.org with questions. Thank you.<\/p>","protected":false},"author":2,"featured_media":0,"template":"","document_category":[1227],"document_type":[],"class_list":["post-49680","document","type-document","status-publish","hentry","document_category-realtor-info-bulletins"],"acf":{"document":47516,"resolutions":null,"legacy_id":"8958","pdf_extracted_text":""},"yoast_head":"\n