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Board Meeting – May 7, 2019
May 7 @ 6:00 pm - 8:00 pm
The next Oakbridge Neighborhood Association Board Meeting will take place on May 7, 2019, from 6-8 pm at the Alicia Ashman Library in the Conference Room.
At the meeting, we have a VERY important matter to discuss
The City has announced that in addition to the assessment of $3,465 to fix the curbs and gutters in the common areas, there will be an ADDITIONAL assessment of $15,206.54 to fix and/or replace the sidewalks in our common areas.
The annual neighborhood dues for this year were higher than usual in order to pay for the curb and gutter repairs. The sidewalk repairs, however, (that we just recently found out about) will have to be paid for separately.
We have a couple different options for how we can pay for the sidewalk repairs — either pay it all off this year (which would likely involve levying a special assessment against all neighborhood residents), OR pay it off over 5 years (in which case there would likely NOT have to be a special assessment). The disadvantage to paying over 5 years is that interest is added to the grand total.
We could hire a private contractor to do the work (which may cost slightly less than what the city would charge), but in the case of a private contractor, we would likely have to pay 50% up-front, and we do not have enough money in the coffers to be able to afford that.
The Board has to make a decision soon about how we will pay for the sidewalk repairs, and WE WANT YOUR INPUT!!!! So, please consider attending the meeting on May 7. I apologize that the Conference Room at the Library is a little small, so we may not be able to fit everyone in there if too many folks show up. But, if that is the case, we will try to figure out a way to have folks rotate in and out of the room to tell us your preference for whether we should pay as a lump sum or over a series of years. All Oakbridge residents are encouraged to attend.