Lake Ridge

Annual assessments are set by the Management Committee based on a yearly budget covering Common Area maintenance, insurance, utilities, and reserves. Assessments may be paid monthly or in quarterly installments. (Contact the management company for the current monthly dues amount — this is set annually and updated outside the governing documents.)

The HOA's master policy is carried by Sentry West, 801-225-5000.

The HOA's master policy is carried by Sentry West (Owners must have their own homeowners insurance for their homes) Owners are responsible for an HO-6 condo policy or equivalent unit-interior coverage. Confirm details directly with the carrier.

• HOA Reinvestment Fee$510
• TPM Setup Fee$75

At the time of purchase, each new Owner (other than the original Declarant) is required to prepay an initial fee equal to three times the monthly assessment installment, in addition to any prorated dues for the month of purchase. This fee becomes part of the Association's general operating fund.

Annual meetings are held in the third quarter of each calendar year, at which Management Committee members are elected and financial/budget reports are presented. Special meetings may be called by the President, by Committee resolution, or by petition of Owners holding at least 30% of the Association's votes. Written notice is mailed to Owners 10–20 days before any meeting.