The Annual Ridge HOA Budget Ratification Meeting will be held on December 4, 2024, at 6pm at the office of Targa Real Estate Services located at 720 S. 348th Street #2, Federal Way, WA 98003. All Ridge homeowners are invited to attend this meeting. The Board of Directors approved the 2025 Budget on November 13, 2024. The most important thing to note is that THERE WILL BE NO DUES INCREASE IN 2025. Annual dues will remain at $800 per household, with payments of $400 due in January and July of 2025.
The cost increase reflect higher grounds maintenance fees which we hope to partially offset by spending less on water usage. It also reflects the increase in security costs that was approved in early 2024 for the daytime patrol and access to F-Dub’s daytime response, and a slight increase in our property management costs. The 2025 Budget continues to fully fund our reserves.
Please access the approved but not yet ratified 2025 budget information under the Resources tab and click on the Governing Documents link: https://theridge-hoa.com/governing-documents/
If you have any questions in advance of the meeting please send them to our Targa property manager, Mark Pierovich at mark@targarealestate.com. Mark will then forward any questions he cannot address to HOA Treasurer Mike Hoefel or HOA President Rob Graf.
The Ridge HOA 