Understanding Your Annual Assessment

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Adrian Bates
6 years ago
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1 Understanding Your 2015 Annual Assessment

3 Dear Reston Association Member, 2014 marked a very important milestone in the history of Reston, our 50th anniversary celebration. And, while we have much to be proud of, and many accomplishments to commend, it isn t time to rest on our laurels. Instead, we need to prepare for the next 50 years. Fortunately, with your assistance and direction, the RA Board of Directors has been focused on the long-term health of Reston, and has budgeted accordingly. The 2015 capital improvement budget includes items which will have both an immediate impact on the quality of life for Restonians, as well as ensure longevity for many of Reston s amenities. Included in the 2015 budget are items such as the development of Urban Design Guidelines for use by the Design Review Board when reviewing mixed-use development and re-development projects; the dredging of Lake Anne, which will restore the lake to its original and intended condition; and, the community Parks and Recreation Open Space Survey, which will be conducted in coordination with the Parks and Recreation Advisory Committee to provide useful data to help us in developing the 2016/2017 biennial budgets and for use in discussions with developers. Also included in the capital improvement budget is the Shadowood Pool deck and equipment replacement. In addition to the projects highlighted above, we are also keeping an eye on the long term health and welfare of our community. Starting in January, the RA Board of Directors, committees, and senior staff will begin the process of formulating a strategic plan for the next five years. The current strategic plan will take us through 2016 but with forward thinking, and community input, there should be a seamless transition to the road map which will successfully lead us to While much of what we have been focusing on since 2012 will remain the cornerstone of our foundation, the next strategic plan will bring us where we want and need to be as a community association of our size and stature. We have moved past the homeowners association of yesterday, and our goals and action plans reflect our forward progress. We hope you will take an active role in this process, and share with us your thoughts on where we should be headed. As always, we represent you, our members, neighbors, and friends, and hope to see you at district meetings, community events, and on our trails and pathways in the near future. Reston Association is the product of its people and amenities and together, we make Reston great. Sincerely, Ken Knueven, President, Board of Directors Cate L. Fulkerson, Chief Executive Officer 3

Frequently Asked Questions & Answers Why did I receive this Assessment Notice for an Annual Assessment of $642?

As such, you are billed annually for the assessment.

If you did not receive information about our services and programs or would like to have additional information, please contact Member Services at 703-435-6530.

The US Postal Service requires the use of a unique address for these envelopes.

4 Frequently Asked Questions & Answers Why did I receive this Assessment Notice for an Annual Assessment of $642? When you purchased your home in Reston, your deed of trust automatically enrolled you as a member of the Reston Association (RA). Membership is mandatory for all residential property owners. As such, you are billed annually for the assessment. If you are new to Reston, as part of the property settlement proceedings, you should have received disclosure information explaining our services and programs. If you did not receive information about our services and programs or would like to have additional information, please contact Member Services at Why is the return address on the postage paid envelope different than the one listed on the Assessment Notice? Reston Association provides a postage paid envelope as a convenience to our members. The US Postal Service requires the use of a unique address for these envelopes. The address listed on the Assessment Notice is different for those members choosing to pay their annual assessment under the installment plan, as their payments will be processed by a separate bank handling center. What happens if I do not pay my annual assessment or pay late? Payments are due no later than March 1, If your payment is received after this date a late fee of 10 percent of the 2015 annual assessment will be added to your account balance. If any installment payment between April and August is not received by the first day of the month, a fee of 10 percent of the 2015 annual assessment will be added to your account and the entire remaining balance will become due at that time. Interest will also be charged on all past due balances at an annual rate of 12 percent. Is the annual assessment tax deductible? The Reston Association is classified as a 501(c)(4), social welfare organization under the Internal Revenue Service Code. As such, the annual assessment is not tax deductible Assessment Available Online 4

The Value of the Annual Assessment $98 $152 $19$14 $27 $57 $101 $50 Board and Management Services $27 Environmental Resources $57 Recreational Programs $50 $29 Community Facilities $122 $68 $162 $54

5 The Value of the Annual Assessment $98 $152 $19$14 $27 $57 $101 $50 Board and Management Services $27 Environmental Resources $57 Recreational Programs $50 $29 Community Facilities $122 $68 $162 $54 $122 Covenants/Design Review $45 Finance, Legal and Human Resources $62 $48 $52 Support Services $162 $116 $62 $45 Repair & Replacement of Existing $98 Capital Assets New Capital Assets $ Annual Assessment $642 How can I pay my Annual Assessment? There are many convenient ways to pay, including check, credit card or you can pay electronically. To ensure proper posting to your account, please include your account number with all payments. If you choose to pay electronically, you can pay from our website ( Simply follow the step-by-step registration and log in instructions on the back of your Notice of Assessment. If you do not wish to make one lump sum payment, you can pay the assessment in six installments. We have provided the applicable instructions on your invoice. Please keep in mind; should you choose this option, payments must be received by the due dates, beginning with the first one on March 1, The remaining five payments must be received no later than the first day of each month, April through August. If you have any questions, please call Member Services at , weekdays from 8:30 a.m. 5 p.m. For more information, please visit the Reston Association website at or call

come to Reston Association s offices to purchase your pool & tennis passes.

passes online, you will receive a 20 percent discount on your passes.

6 Don t Wait in Line. Buy Online. There is another reason to buy online rather than take time out of your busy schedule to come to Reston Association s offices to purchase your pool & tennis passes... Save Money If you pay your annual assessment online and also purchase your pool & tennis passes online, you will receive a 20 percent discount on your passes. And, you can do so from the comfort and convenience of your own home any time of the day or night. Please remember you must first pay your annual assessment in full or make the first installment no later than March 1, The online pool and tennis pass discount is valid through April 15, RESTON ASSOCIATION Pool & Tennis pass 2015 RESTON ASSOCIATION Pool & Tennis pass

It s Easy to Register and Save. Here s How: 1. If you have not registered on our website www.reston.

If you have not received, or misplaced this information, please contact RA Member Services at 703-435-6530 or member_ services@reston.org. 2.

Please follow payment directions on the assessment page. 3. After you complete this transaction, purchase your Pool and Tennis Passes.

7 It s Easy to Register and Save. Here s How: 1. If you have not registered on our website please refer to the instructions on the back of your Assessment Notice in this packet. If you have not received, or misplaced this information, please contact RA Member Services at or member_ services@reston.org. 2. Once you have registered, use your unique username and password to log on to our system. Then click on the Assessment icon on the home page of our website. Please follow payment directions on the assessment page. 3. After you complete this transaction, purchase your Pool and Tennis Passes. In order to receive a 20 percent discount on your pool & tennis passes you must first pay your annual assessment by March 1, Order your pool passes online by May 8, 2015 to receive your passes in time for Memorial Day weekend. 5. Your Pool/ Tennis passes will be mailed directly to you within seven business days. RESTON ASSOCIATION Pool & Tennis pass

8 Contributing Photographers: Jim Kirby, Mark Majoros and Sean Bahrami Sunrise Valley Drive Reston, Virginia

REVISED AGENDA Regular Meeting of the Board of Directors

REVISED AGENDA Regular Meeting of the Board of Directors Thursday, March 14, 2013, 7:00 pm NOTE: Times listed for Agenda Items are estimates only. Actual times may vary substantially dependent on circumstances.