About Us
About Us
The Woodstone Idea
To the traditional homeowner--someone owning a building, the ground it sits on, and all furnishings and improvements of a property--the idea of commons, upon which Woodstone is based, may seem baffling, even frustrating.
At Woodstone all homeowners jointly own the Woodstone grounds, buildings, roads--everything except the interior space of each unit, which is property and responsibility of its owner. At Woodstone all owners share responsibility for and costs of maintaining grounds and building structures. The interior space of each unit is the sole responsibility of its owner.
The Woodstone Homeowners Association has no resources except the shared interest of its community of homeowners. A monthly maintenance fee is paid by each unit owner; the fee covers the cost of insuring grounds and building structures and exteriors, of water and sewerage, of grass cutting and landscaping, and of building and grounds maintenance. Grounds maintenance includes keeping up roads, signage, and vehicle parking facilities; operating the tennis courts and swimming pool; and ensuring reliable functioning of the main access gates. Building maintenance entails regular cycles of roof replacement, as well as exterior repair and staining of siding and common walkways.
From time to time, unusual circumstances may incur substantial unanticipated costs. Obstruction and/or collapse of main sewer lines, shifting of earth and rock threatening structural foundations, surface erosion undermining roadways and lightning damage are typical unanticipated problems that must be addressed on an ad hoc basis. Such extraordinary expenses are also shared among all Woodstone homeowners. The Woodstone Board of Administration (whose members are elected at the annual meeting in March of each year) from time to time may adjust the amount of the monthly maintenance fee or even levy an additional assessment on top of the monthly maintenance fee to cover such shared costs to the community. Such levies are never welcome and the Board strives to minimize their impact while carrying out its obligations to work for the common good as well as preserve property values at Woodstone.
It should be understood that Woodstone is a "cooperative community," not a for-profit corporation. The welfare and well-being of all homeowners is dependent upon each individual owner's willingness to participate in the affairs of the community, in its management, and in the ongoing commitment to protect and enhance community property values.
[Woodstone Board of Administration, July 21, 2003]