At the July 27th meeting, the Dunlap Lake Board of Directors unanimously approved a 15% increase in annual assessments, as permitted under Article 3 of the Association’s bylaws. The new assessment for 2027-2028 will be $1,380 and will be due June 30, 2027.
As presented at the February Annual Meeting, and discussed at each meeting since, the loans used to fund the Association’s capital improvements will mature next spring. An increase in the assessment is necessary to strengthen the Association’s financial position, allowing it to refinance this debt on favorable terms and maintain the financial flexibility needed to address future capital improvements as laid out in the master plan.