How are IPOA maintenance fees set?
Fees were initially set by the Supplementals at $120 per year per lot in 1982. The IPOA Board establishes the fees each year. These fees can only be increased by the annual percentage amount of the CPI increase. A greater than CPI fee increase can only be established if approved by 2/3 written approval of all lot owners. The current fee is at $124 per lot, 2007 marking the first increase since maintenance fees were established. The due date is January 1 of each year. 8. Question: Do the Original Covenants, Conditions and Restrictions apply to all lot owners?
