In 1997, control of Bradford Farms was turned over by the Builder to the Community, to be handled by a Board of Directors following a set of Covenants and By-Laws. Each household should have a set of the Covenants and By-Laws that we operate by. Both documents are on our website.
The 2011 annual assessment will be $160 per household.
Since 1997 the assessments were as follows:
In the past 15 years the average annual assessment is $133.00 per household per year.
We are glad to announce that 2011assessment remains at 2010 level of $160. Even though the cost has gone up for our lawn care and maintenance to our commons we were able to keep the same assessment.
Our assessment is one of the lowest in the City of Madison and there are and have been many reason why the Board has accomplish this. Three good reasons are as follows:
For you newcomers the reason why 2006 was so low is that in prior years the Board budgeted for a pond dredging fund. In 2005 we found out that pond dredging is the responsibility of the Town of Madison. The Board of Directors used the $9,000 surplus as a one-time bonus to offset the 2006 budget.
There will be projects in 2011 that will require Community volunteers. I will send out an email blast to all when those occasions arise.
All members of the community are encouraged to attend the board meetings. They are held the third Tuesday of every month at 7:00 p.m. at Madison Assembly of God church on Hughes Road. This is next to the front pond. The success of our community is dependent on your involvement, so I look forward to seeing you at our next meeting.