Dear River Plantation Section II Homeowners,
As our community ages, we face more frequent and increased maintenance costs. The Association also faces the effects of inflation for these costs. Subsequently, the decision has been made to increase the monthly HOA fee to $300 effective January 1, 2024. The HOA fee increase will help offset increased maintenance costs while also being able to contribute more funds to reserves to cover future capital expenditures. The 2024 budget calls for a $32,997.45 increase in operating expenses and a $34,156.55 increase in reserve funding.
Homeowners that pay their HOA fees online or via mailed check will need to begin paying the new amount ($300 per month) going forward. If you are currently on auto-draft directly through David Floyd & Associates, Inc., no action is required.
Additionally, the HOA’s bank accounts will be transferred to Pinnacle Financial Partners effective January 1, 2024, and the bank accounts currently held at Pacific Western Bank will be closed. Effective January 1, 2024, homeowners that have been paying their HOA fees via mailed check, online through HOABankServices.com, or via bill-pay will need to begin paying their HOA fees via one of the options listed below. If you are currently on auto-draft directly through David Floyd & Associates, Inc., no action is required.
1. Payment of HOA Fees by Auto-Draft (highly recommended): To sign up for auto-draft, please complete the attached auto-draft form and return it via email to accounting@dfloydassoc.com, via mail to River Plantation Section 2 HOA c/o David Floyd & Associates, Inc. 104 East Park Drive, Suite 320, Brentwood, TN 37027, or via fax to 615-297-9340. The completed auto-draft form must be received prior to the 25th of the current month in order for the draft to begin the following month.
2. Online Payment of HOA Fees: To pay your HOA fees online, please go to https://dfa1.cincwebaxis.com and sign in at the top right corner of the screen. [NOTE: You must register and be approved prior to signing in for the first time. Your account number is the same as your street address number.] Once signed in, click on “Pay Fees” at the top left corner of the screen. Select your desired payment method (eCheck or credit card), input your payment information, and click “Submit.” Verify that your payment information is correct and click “Submit Payment.” Please note that the payment platform charges a $1.99 processing fee for eCheck payments and a 3.25% processing fee for credit card payments.
3. Payment of HOA Fees via Mailed Check: Homeowners may pay their HOA fees by mailing checks to River Plantation Section 2 HOA c/o David Floyd & Associates, Inc. PO Box 357 Commerce, GA 30529-0357. Please make sure all checks are made payable to River Plantation Section 2 HOA and include your street address number in the memo section. A payment coupon should be included with each mailed check if possible (will be available to print at RiverPlantation2.org).
Going forward, the State of Tennessee will be requiring condominium associations to have reserve studies performed, and condominium associations will also need to have their reserve studies updated every five years. The HOA fully intends to comply with this new requirement and is making arrangements for a reserve study to be conducted in 2024. A copy of the reserve study will be made available to all owners once completed.
If you have any questions, please email us at RiverPlantation2@gmail.com. Homeowners are also welcome to attend the regular HOA Board meetings, as the Board reserves the first part of each meeting for homeowners to ask questions and provide general feedback.
