RIVERTON COMMUNITY ASSOCIATION (RCA) is a planned unit development (PUD) designed for diverse housing units, open space, and common recreational facilities. There are 240 rental apartments and townhouses throughout the neighborhood, a 54-unit rental apartment complex for seniors, and approximately 600 attached and detached homes.
What is the Riverton Assessment Fee?
When any home/lot is purchased within RCA, it is the responsibility of the closing realtor and/or lawyer to let buyer know that there is a covenant attached to the home’s deed.The covenant is called “Declaration Of Covenants, Conditions, Restrictions And Easements.”This document explains the assessment and reads “Each owner covenants and agrees that he shall be personally liable for all such assessments which become due while he is the owner of each lot being assessed and that such assessment shall be a continuing charge and lien upon each lot against which an assessment is made.”
The assessment payment includes the following amenities:tennis courts, basketball courts, bike path, RCA playgrounds, and Community Center.In addition, the assessment goes toward taxes, insurance, administrative costs (e.g., attorney and audit fees), RCA events, and upkeep and improvements to the common property.
The assessment invoice is sent to all RCA property owners every July. Full payment is due on or before August 31st unless a three-month payment plan was chosen.
To help offset assessment fees, the pool and community center have usage fees. These usage fees are low because many of the operating expenses are part of the assessment. The pool membership fees go toward lifeguard salaries, chemicals, and daily pool operations.The Community Center room fee goes toward cleaning and operations/upkeep.
The RCA By-Laws, Covenants, and Restrictions, along with Rules & Regulations of the Architectural Review Board (ARB), are included under the heading “BOD/ARB.”Within ARB rules and regulations, descriptions of matters such as planting gardens, installing sheds, fences, decks, basketball hoops, etc., are discussed.