Hello Franklin Valley residents! The Board has mailed a newsletter with lots of important information. Below are a few highlights. You can read the full newsletter here.
About dues and the budget:
“In summary, the Association’s finances have been close to break-even for the past several years. Expenses continue to rise despite the Board’s efforts to obtain competitive pricing. Expenses in excess of revenue deplete the Association’s reserve funds. Once spent, these reserve funds are not replenished. Collecting unpaid dues from homeowners will not be sufficient to build up reserve funds or adequately cover future costs. Given these current financial circumstances, homeowners in attendance at the last annual meeting (June 2025) expressed overwhelming support for an increase in dues. The Board supports an increase in the special assessment added to the annual dues, but such a change requires a majority vote of subdivision residents. Homeowners should expect to receive further information and a mail-in ballot in the coming months.”
About the roads:
Residents can “petition the RCOC or West Bloomfield Township for a special assessment to repave the roads. The process begins with gathering signatures from residents on a formal petition. If the petition is successful, the RCOC or West Bloomfield Charter Township would assess the project and determine the cost of road repaving to each homeowner. The project would only move forward after a majority vote in favor of the assessment by the homeowners in our subdivision. Circulating petitions to gather signatures, as well as canvassing the neighborhood to secure approval from residents for the assessment, requires a large time commitment. Past attempts to repave subdivision roads have failed due to a lack of support from residents. At this time, the Board does not have the capacity to take on this process alone. Significant support from our community will be needed if homeowners want to move forward with repaving our roads.”
