The Board of Directors plans and oversees maintenance and upkeep of the common areas of Knollton; establishes and implements a budget; and collects and disburses funds for common expenses.
Maintenance and Upkeep of Common Areas
Three common areas require twice-yearly maintenance, while snow removal services are required as snow accumulation on our roads exceeds three inches.
Budget
The current budget is always available here on the Knollton Place website and also by request.
Funds Collection
Residents receive an assessment at the first of each year which provides the operating funds for expenditures.
Expenditures
Knollton pays a small number of recurring expenses for the common good of residents. These include, but are not limited to, the following:
- Snow removal services
- Common area cleanup and beautification
- Insurance
- Electricity bills for security lighting
- Filing fees for legal reporting
Additional expenses might be road maintenance or repair, occasional repainting tasks and other items as defined in special assessments.
