Below are a few Frequently Asked Questions and Answers. If you have a question that is not answered below, please do not hesitate to reach out and contact us and we’ll do our best to provide you with an answer!
Terravita has three entities with separate dues structures. All three entities have consistently strengthened its financial position by increasing cash holdings, reducing receivables, payables, increasing its fund balances and strategically utilizing debt to help fund projects. This has helped to ensure Members see only nominal dues and capital improvement fee increases. Terravita has and will continue to work hard to not have any assessments to the Members. Each entity maintains separate funds designed to address operations, infrastructure replacements and amenity improvements. This "three-bucket" system promotes discipline in how we allocate funding across our entire operation.
Terravita is positioned well and committed to continue achieving operating results in line with our financial objectives for the foreseeable future.