Symphony Village HOA Residents,

This is a reminder to please return your proxies for the amendment to increase the amount of the initial capital contribution to the Management Office no later than 10:00 am on November 15, 2024. It is important to turn in your proxy prior to the meeting even if you are attending the meeting. By returning your proxy you are voting in favor of the amendment. For more information about the initiative being proposed by the Board of Directors and to view the full mailer, please CLICK HERE.

The bullet points offered by the Board of Directors to clarify and summarize the questions received since the distribution of the mailer are below for your reference.

• If adopted, the increased Capital Contribution would be paid by those buying a house in the community. This is not additional money current owners would have to pay.
   
• Increasing the amount of the Initial Capital Contribution is a proactive approach intended to help supplement the Association’s financials for years to come and protect the aging infrastructure.
   
• With the proposed Capital Contribution increase, it is our understanding that we would still be well below what other similar communities with amenities are paying e.g. Four Seasons in Chester, MD. 
   
• The current $750 Capital Contribution has been in place since 2003. There has never been an increase, but the operating costs for providing maintenance, repairs and replacement to our Clubhouse and amenities has significantly increased.
   
• The money from Initial Capital Contributions helps maintain the value of the community for everyone.
• To vote in favor of the proposed amendment, please return only the proxy enclosed in the mailer to the Management Office. If there are multiple owners in the household, the proxy only needs to be signed by one owner to be valid and does NOT need to be notarized.
• The document titled “Amendment to Amended and Restated Declaration of Covenants, Conditions and Restrictions for Symphony Village at Centreville” was enclosed for your reference only. This is the document that would be signed by the Board of Directors and recorded with Queen Anne’s County if enough proxies reflecting affirmative votes are received (237) to adopt the proposed amendment.

If you are NOT in favor of the proposed amendment to increase the amount of the initial capital contribution you do not need to return the proxy.

If you have additional questions about the mailer, process, or otherwise, please contact the Management Office at 410-758-8500 or gm@PROTECTED.
 

Thank you for your attention and in advance for your participation.

Sincerely,

Symphony Village HOA Management