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Lake Ridge board raises Class A maximum annual assessment 5%
Summary
The Lake Ridge board approved a 5% increase to the Class A maximum annual assessment limit, raising the cap from $1,011.42 to $1,061.99 (Resolution 2025/5-5).
At the May 13 meeting, Treasurer Aron Sanchez moved to increase the Class A maximum annual assessment limit by five percent; Director John Maher seconded and the motion passed unanimously (Resolution 2025/5-5). The change raises the cap from $1,011.42 to $1,061.99.
Board minutes list the motion and the approved new maximum; the action is recorded as a formal resolution. The minutes do not provide detail on whether the increase changes the immediately billed assessment for individual homeowners or only raises the board’s authority to set that cap in future assessments.
