An Owners Association is an organization created by the developer to own, operate, and maintain certain features within the community that were established by the developer and will not maintained by the municipality in the future. These features may include entrance signage, ornamental parks and ponds, enhanced landscaping maintenance, pathway snow removal, fencing upkeep, etc.
The Vermilion Hill Owners Association (VHOA) was established to maintain the value of community amenities and to ensure a high standard of maintenance of the common spaces, ensuring that Vermilion Hill’s many unique attributes and features will be maintained for many years to come. The VHOA is an important means of building community pride and unity amongst residents through community beautification, events, and areas. Active involvement in the VHOA is an excellent way to meet fellow homeowners, and an opportunity to help shape the community’s future through planning and input.
The developer will legally establish an Owners Association early in the planning stages of the community.
Membership is mandatory for all residential owners within the community of Vermilion Hill and the jurisdiction of the VHOA. An Encumbrance is registered on the title of every residential lot in the community of Vermilion Hill.
Owners and residents of Vermilion Hill are members of the VHOA and will benefit from the Owners Association. All owners and residents in the community will enjoy community features and events. Ongoing attention of these enhancements ensures the value statement created for the project is maintained.
The VHOA is owned by all residential property owners within Vermilion Hill; it is governed by a set of Bylaws and a Board of Directors elected annually, at the VHOA’s Annual General Meeting (AGM).
Qualico Communities Calgary (QCC) will manage, control, and subsidize the VHOA, through the majority of votes until the VHOA can be self-sustaining and/or the community is nearing full build-out.
At that time, QCC will turn control of the VHOA over to the membership. This timeline will be solely at the discretion of QCC. Ultimately, the VHOA will be self-funding and managed by an independent third party, who will report to the Resident Directors of the Association.
Yes, like other Owner Associations, the VHOA will collect membership fees to operate the Association.
In order to ensure the long term sustainability of the VHOA after Qualico Communities Calgary is gone, an encumbrance is registered on every residential Certificate of Title within the community of Vermilion Hill, protecting the interest of the Association and in turn, the value and integrity of the community for the long-term.
The VHOA annual fee is like other Owners Association fees within the City of Calgary who provide similar services and benefit to their membership.
The fiscal year for the VHOA is April 1 to March 31 every calendar
Fee notices will be
mailed out annually and fees are levied effective April
1 each year.
Interest charges begin
accumulating on overdue accounts as of April 1 of each
calendar year, at a rate of 18% per annum, for outstanding balances as of April 30.
Currently, fees are $250.00
+ GST ($262.50 total) and are subject to
change, in accordance with the VHOA Bylaws.
Upon closing of the
initial (new construction) real estate purchase, the encumbrance
fee amount is payable by the buyer in advance (pro-rated from possession date
to year end), in one lump sum. Subsequent encumbrance fees (after the first
year of occupancy) must be paid on an annual basis, as indicated above.
VHOA payments can be made
online via PerfectMind here: https://vermilionhilloa.perfectmind.com/.
Payment can also be made via cheques, bank drafts, or money
orders, made payable to the Vermilion Hill Owners Association, which can be mailed to
the following address:
Vermilion Hill Owners Association
200, 37 Quarry Park Blvd SE
Calgary, AB T2C 5H9
The VHOA also provides financial and administrative services including, the collection of fees from the members of the VHOA, reporting and ongoing disclosure to its members. A portion of annual fees collected are necessary to fund ongoing operations of the VHOA. The OA is also responsible to the membership for ongoing reporting, communications, management of third-party service providers, as well as hosting community-based events.
Membership and other matters pertaining to the Association are more fully described in the VHOA Bylaws, which are provided to all members of the VHOA. If you have any questions, please don’t hesitate to contact us at: firstname.lastname@example.org.