Saturday | April 19, 2014 powered by: Action Technology
 
 
Welcome to Villa Balboa!
Address
900 Cagney Lane
Newport Beach, CA 92663

Management Company
Action Property Management
Phone: (800) 400-2284
Fax: (949) 450-0303
www.actionlife.com
General Manager 
Rhonda Hart | Email Manager
Corporate Office
2603 Main Street, Suite 500
Irvine, CA 92614
Board of Directors' Meeting Notice 
Next Board of Directors Meeting  

The next Board of Directors meeting is scheduled for Tuesday, April 15, 2014 at 7:00 p.m. in the Clubhouse. Please plan to join us!

posted: 10/23/2013
Manager's Messages 
Dues Increase Effective April 1st   

Dear Villa Balboa Homeowners,

 

The Association would like to remind you that the regular monthly assessments will be increased by 5.5% effective April 1, 2014, per the Annual Budget Report and Policy Statement that was mailed to all owners in February.

 

Please make sure to submit payment for the new assessment amount, and be sure to advise your financial institution of the change if you have your account on an automatic bill pay. If you are signed up for automatic monthly payments through Action Property Management, the assessment amount will be automatically adjusted.

 

The increase in assessments was necessitated by a drastic increase in the insurance premiums, increase in legal fees and collection costs to address owners that are delinquent in their assessments and/or in violation of the governing documents, and increase in utility costs, especially trash collection, electricity and water. The Board also anticipates large reserve expenditures in the next year, including the remodeling of the 220 and 240 Nice buildings and the Clubhouse, so an increase in assessments was deemed necessary to keep both the operating and reserve accounts funded at the appropriate levels.

 

Your understanding and cooperation is greatly appreciated!

posted: 3/20/2014
Community Updates & Reminders