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  • CLPOA FAQ: CUI NFP

Selling Vacant Lots Net Gain for Property Owners

September 8, 2019

Since August 2014, the CLPOA Board of Trustees has sold eleven vacant lots belonging to the Property Owner Association.

Combined, the sales have totaled just over $273,000. The money has been allocated to an account for the CLPOA to borrow from in the case of large expenditures.

Additionally, by selling off these eleven lots, the association saves just over $3,000 each year in property taxes.

Of course, selling the lots, in most cases, also provides additional monies in membership dues and lot assessments.

Many thanks to past and present CLPOA board trustees and other volunteers who worked diligently to make this happen.

Filed Under: BoT Announcements

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