Email sent May 15, 2025, 03:57 PM

Dear Boulder Ridge Residents, As your newly elected HOA Board, we want to keep you informed about important updates regarding our community’s finances and upcoming projects. Upon transitioning into our roles, we are conducting a thorough review of the Association’s financial health. So far, we’ve identified that our current funds are very limited, making it critical to prioritize spending on the most essential needs of our community. As part of this effort, we have made the decision to cancel the previously approved power washing contract, which would have cost approximately $14,000, in addition to a higher water bill for the month. (Note: Water bills are one of the major recurring expenses in our budget.) Our immediate focus is on addressing key structural issues that affect the safety, integrity, and long-term value of our property. We are actively reviewing all current contracts and planned projects to evaluate them for criticality, urgency, and financial feasibility, ensuring every project aligns with our fiscal constraints. As we begin planning the 2025 budget, we are committed to ensuring that HOA fees are carefully and wisely spent, with a strong emphasis on cost optimization and long-term value. Our objective is to restore the Association’s financial health while maintaining the quality, standards, and livability that Boulder Ridge Condos are known for. We appreciate your understanding and support as we work through this important process. Please don’t hesitate to reach out if you have any questions, concerns, or suggestions.
Sincerely,
The Boulder Ridge HOA Board
• President: Pericles Chung
• Vice President: Charles Bovan
• Treasurer: Amanda Menezes
• Member at Large: Karen Bennett
• Member at Large: Jaimeen Patel