The 2014-15 River Run HOA Budget Report has been released. The report sets forth 2014 figures and anticipated revenue and expenditures for the 2015 calendar year. The full report as a PDF document can be downloaded here. The HOA Board appreciates receiving any feedback, suggestions and recommendations on the priority and manner in revenue is allocated and expenses can be limited.
Due to the recent inquiries about the dues increase and the operations of the new board, we have compiled this list of FAQ’s for your reference. You may read it in full here, or download it as a pdf by clicking here. Of course, you may still contact anyone on the board for additional information.
The River Run Homeowner’s Association Board
Question: Please provide more explanation for the dues increase from $400 to $475?
There are four primary reasons for the dues increase.
- Cash reserves are at unacceptably low levels to deal with any uncertainty and they need to be rebuilt to a more reasonable level. The reserves dropped to $4,395 at December 15, 2014 from $19,499 at December 31, 2013. (The final 2014 actual expenditures will be posted to the River Run website shortly after December 31, 2014.)
- Watering costs increased substantially in 2014 primarily due to the HOA now being properly billed for the full amount of water used for the HOA’S parks and common areas. Until July of 2013, one of the HOA’s water meters was being inappropriately billed to Life Center and they were paying for some of the park’s water. This was going on since 2006.
- Costs to maintain and replace trees in the common areas are increasing as they grow.
- The combination of the higher expenses resulted in a forecast operating budget deficit of approximately $7,500 for 2015 if dues were not increased.
The new Board prepared a realistic budget and determined $475 was necessary to pay all the HOA’s operating costs and build back Continue reading “Update On HOA Fee Increase – FAQ”
The CC&Rs for River Run have been amended in three key areas that include additional property to be governed under the sub-association of River Run at Fort Wright Homeowners Association known as the “Cottages at River Run.” In addition, the Animal Restrictions subsection of the CC&Rs has been amended to provide additional rules that govern the keeping of animals by residents, and address, among other things ” . . . unreasonable noise or damage to person or property caused by any animals brought or kept upon the properties by an Owner.” A warning and fine system has been implemented for recurring violations of the CC&Rs that include notice and tiered fines for non-compliance.
The documents incorporating these changes are available for viewing here, and here.
Conveniently located approximately three miles west of downtown Spokane, River Run is a premier residential community.
Residents enjoy river views, a close proximity to downtown Spokane, convenient access north or south, and easy access to Spokane International Airport and Interstate I-90. Enjoy the many common areas, paved trail system and tree lined entrances.
River Run is located in the Hutton Elementary, Sacajawea Middle and Lewis & Clark High School districts. Spokane Falls Community College is an easy walk. The development features quality builders for your home building experience.
Directions: From I-90:
Exit I-90 using the Maple Street exit when traveling east or west. Then travel north on Maple Street, turn left on to Second Avenue and continue west to Sunset Blvd (go past the Rosauers store and and bear right — DO NOT take the underpass). Right on Goverment Way at the stop light, and travel about one and a half miles, pass the cemetaries, and turn right into development (just prior to W. Fort George Wright Drive). This is part of the Bloomsday route.
Nearby landmarks: Spokane Falls Community College and Life Center Church.
RESIDENTS PLEASE REGISTER FOR INFORMATION.
We ask that all residents of the development submit their e mail addresses to the address included in each of the River Run Ramblings newsletters or use the registration information located on this page. Suggestions, additional River Run information, and feedback is welcome from all residents in River Run.