HOW IS EDGEWOOD ORGANIZED/MANAGED?
The Edgewood Homeowners Association is a non-profit organization. The basic purpose of the Association is to govern Edgewood in accordance with the governing documents. All homeowners are subject to the governing documents.
The Association is managed by a volunteer Board of Directors, elected by the members of the Association. The Board of Directors of the Association has the power and duty to administer the affairs of the Association in accordance with the governing documents. The Board is also responsible for the ongoing operation and maintenance of Edgewood. To assist the Board, it has hired Tidewater Property Management to act as the property manager. Our property manager, Marc Greenberg, can be reached at 443-548-0191.
IS MEMBERSHIP IN THE ASSOCIATION OPTIONAL?
No. Any person who becomes an Owner at Edgewood is automatically a Member of the Association. Membership is mandatory. It ceases when the person ceases to own in Edgewood. Every Member is subject to the requirements of the governing documents.
DOES THE ASSOCIATION HAVE AN ANNUAL FEE/ASSESSMENT?
Every owner is required to pay a yearly assessment imposed by the Association. These funds are used for the Common Expenses of the Association. These expenses are incurred in the administration, management, maintenance, and operation of Edgewood. The current assessment is $470 per-lot, per-year, to be paid in two installments, January 1st and July 1st. This fee includes 1 time/week trash pickup and seasonal organic waste pickup. A late charge of $15.00 is imposed if the payments are not received by the Fifteenth (15th) day of each month the payment is due.
The Treasurer of the Association will make every reasonable effort to provide you with a statement at least 20 days in advance of the assessment due date. However, failure to receive a bill does not exempt you from paying your assessments.
Failure to pay assessments may result in a stop of trash service, a lien on the delinquent property and legal action to collect the past due amounts. While the Association prefers not to take these actions, they are required under the terms of the Declaration.
DOES THE ASSOCIATION HAVE MEETINGS?
There will be 2 bi-annual meetings. The meeting in March is our annual meeting. Additionally, the Board of Directors meets monthly, or as otherwise determined by the Board. Notice of bi-annual meetings shall be given to the Owners.
DOES THE ASSOCIATION HAVE A SET OF RULES/REGULATIONS?
Yes. Owners must abide by the Declaration, the Bylaws, the ARB Standards, and any other governing documents of the Association. Most of these documents are available on the website.
I’M INTERESTED IN OR MAKING A MODIFICATION/ADDITION TO MY PROPERTY, WHAT ARE THE PROCEDURES?
You must get approval from the ARB Committee/Board of Directors before making a modification or addition to the exterior of your property. To do so, you must submit an application, which is available on the website, to our property manager, Tidewater Property Management or hand to an HOA board member. Applications not received by our property manager via registered mail or hand delivered to a Board member will not be deemed submitted. Failure to obtain approval prior to the modification/addition may result in future expenses such as removing the addition or restoring your proper to its prior condition.