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2026 Increase Letter

Date: December 09, 2025

Notice of Assessment Increase

The Board of Directors, in an open meeting held on October 30, 2025, reviewed all estimated budget expenses for 2026 and has determined that the current assessment rate is not sufficient to sustain the Association’s operating budget. Through unanimous vote, the Board of Directors has voted to increase the 2026 regular annual assessments.

The Board of Directors approved an increase effective January 1, 2026. The Regular Assessments will increase from $692.60 quarterly to $900.00 quarterly. Payments for your Regular QuarterlyAssessment will be due January 1, April 1, July 1, and October 1, 2026.

Article 9 COVENANT FOR ASSESSMENTS THIRD AMENDMENT
9.4.1 Regular Assessments. Regular Assessments are based on the annual budget. If the Board does notapprove an annual budget or fails to determine new Regular Assessments for any year, or delays in doing so, Owners will continue to pay the Regular Assessment as last determined…If during the course of a year and thereafter the Board determines that Regular Assessments are insufficient to cover the estimated Common Expenses for the remainder of the year, the Board may increase Regular Assessments for the remainder of the fiscal year in amount that covers the estimated deficiency up to fifty percent (50%) without a vote of the Owners as set forth in Section 9.3.1 above.

If you have auto pay set up with your bank, please be sure to notify your bank of the change prior to the January 1, 2026 effective date.

Should you have any questions, please contact Essex Association Management, L.P. by visitingwww.wadesettlementhoa.com and follow the prompts to submit a web submission under the “ContactUs” tab.

Wade Settlement HOA