Waterwood Improvement Association

Fees

WIA assesses several types of fees or charges (see Schedule of Fees below) to members to help fund WIA operations. Association fees are reviewed and set by the Board of Directors annually per the applicable governing documents.  The WIA office staff can assist you with any questions you may have about WIA's fees.  Fees are subject to change without notice. Additional information is available in the document: Annual Charge Information.

Schedule of Fees

Annual Charge

(Assessment/Maintenance Fee)

 

For Each Single-Family Lot Owned

2006: $ 198

2007: $ 204

2008: $ 211

2009: $ 295

2010: $ 295

2011: $ 295

2012: $ 345

2013: $ 375

2014: $ 395

2015: $ 415 

2016: $ 500 

For Each Mulit-Family Lot Owned

2006: $ 296

2007: $ 306

2008: $ 317

2009: $ 405

2010: $ 405

2011: $ 405

2012: $ 455

2013: $ 500

2014: $ 525

2015: $ 545

2016: $ 630 

WIA assesses an Annual Charge on each residential lot/property to help fund the services provided by the association. The Charge is invoiced annually in January for the previous year and becomes past due on the following April 1st. Past due amounts are subject to a 10% APR interest charge.

Capital Improvement Charge

 

$ 1,000

WIA assesses a one-time Capital Improvement Charge the first time a major improvement is undertaken on a lot; for example when a house is constructed. Payment of the Charge is a prerequisite to the issuing of a Permit to Build. An additional $1,000 damage deposit is required. This deposit is refundable upon issuance of the 'Certificate of Occupancy' if it is not necessary to make repairs to WIA properties caused by construction.

Property Transfer Fee

$ 50 per lot transferred to new owner

WIA charges a $50 property transfer fee when a lot/property is sold to cover associated administrative expenses.

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