Tonight the MPOA Board of Directors unanimously approved a Draft Budget that contains expenses totaling slightly more than $2.3 million in expenses and will result in an annual assessment of $520 per lot, a decrease from the current $528 annual assessment. The most significant change in the budget was the cancellation of the contract with our private security contractor, effective March 1, 2009. MPOA will begin to provide a lessor amount of contracted security by hiring off duty Prince William County Police office to patrol in Montclair. Some current services provided by our current security contractor, including after hours use of the MPOA Building, house checks, and the opening/closing of beach parking lots are not yet specifically accounted for and will cease unless alternative approaches are made for their continuation.

In 2009, homeowner assessments will be due in 10-monthly payments, rather than the current 11-payments. Monthly payments include a two-dollar service charge, so if approved, this budget will have assessments to be paid with 10 payments of $54. As always, lot-owners can also pay their assessment in a single lump sum.