Nestled amidst 200 lush acres, Spring Run is a golf inclusive planned community consisting of 847 residential units including single family homes, carriage homes, attached villas, and garden condominiums. Bundled communities - such as Spring Run - also known as a CIRAs (Common Interest Realty Associations), are responsible for property maintenance and repairs, management services, and other tasks defined in its governing documents. The association is funded by ongoing member assessments. Members elect the association's Board of Directors, which represents their interests in the association. However, beyond this basic understanding of bundled communities, the association's financials and structure of governance can be a little hazier. While past sessions have focused on the dynamics of the club's finances and governance, this session will center around the finances for our most recent outdoor dining club construction project, as well as the origins of these projects, and how they were carried out. Purpose: Learn about Spring Run's finances and structure of governance Facilitators: Jim Vohs, Mike Zigler |
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