The key takeaways from the 2023 Island Owner Meeting are:
With the the adoption of the Proposed budget, the 2024 condo dues WILL INCREASE to $540 per month. This increase is primarily due to an insurance industry spike in premiums for “properties near water”. Our annual master insurance policy cost increased 129%…thus the need to significantly raise the monthly owner condo dues.
The current 7 board members were re-elected to the board for the 2023-2024 term.