LWSB Monthly Assessment Bills Explained

LWSB shareholders’ monthly assessment bill has multiple components:

• Property tax (County of Orange).

• OC user fee (County of Orange).

• Mutual assessment (controlled by the Mutual Board of Directors and covers costs related to the residential structures for the Mutual, as well as the common area owned by the Mutual).

• GRF assessment (controlled by the GRF Board of Directors and held in trust for the LWSB residents. It covers the costs for the shared common areas and amenities for all residents, and the management services provided by GRF for the Mutuals).

Mutual and GRF assessments make up the bulk of a bill. However, all Mutual financials are structured differently.

For more information on your Mutual’s financials or how they are organized, contact your Mutual Board of Directors.