News

Dear Homeowners,

The community of Isla del Sol has been so fortunate through the years in sustaining a somewhat
stable environment. Of course, there has been regular maintenance and some projects, but
overall, our community has persevered with both beauty and functionality. However, as our
bayside community continues to age, planning for the future is of the utmost importance.
Despite the recent increase, the annual assessment has remained relatively unchanged from its
minimal amount with no regard to inflation or building reserves for the future. Therefore, the HOA
Board has considered this two-fold need.

Our recent Reserve Study projected spending needs of our community over the next 30 years to
address capital projects beyond our everyday annual operating expenses. It does not include the
current canal dredging and wetland restoration. The consultants recommend building a reserve
fund over the next 30 years starting with an $88 increase to the 2026 annual assessment which the
Board has voted to implement. This increase will bring the 2026 annual assessment up to $448.
Secondly, a cost of inflation adjustment will be added to the 2026 annual assessment which the
Board recommends be reviewed and implemented annually. If IDS had been keeping up with
inflation since the inception of the community, at an average inflation rate of 2.87% over 40 years
it would result in a current annual assessment of roughly $900. Although we cannot go back in
time, the HOA Board, as good stewards of our community, believe it is time to identify inflation as
a necessity in planning for the future. Therefore, a 3% inflation cost on the 2025 annual
assessment of $360 will result in an $11 increase to the 2026 annual assessment. This will bring
the total 2026 annual assessment to $459, which will be rounded up to $460.

While the Board understands the difficulty in having to increase the IDS annual assessment, we
feel it’s important to follow the recommendations provided to Isla del Sol to sufficiently build our
reserves in planning for the future of our community.

In Summary:
$360 Current 2025 annual assessment per lot
$ 88 Based on Reserve Study recommendation for future planning- Reserve Fund not
applicable to current Canal Dredging and Wetland Restoration Project
$ 11 3% inflation on 2025 annual assessment per lot
$ 1 Rounding up
$460 2026 Annual Assessment
Regards,
Isla del Sol HOA Board of Directors