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Showing posts from December, 2025

Approved 2026 Budget

Dear Reston Station Owners:   The FY2026 budget was approved and adopted by the Board of Directors. The budget reflects a 3% increase in monthly HOA fee assessments in the new year.    The new fee amounts are due monthly, effective January 1, 2026, as shown in the budget.    Please also be advised of the following:   If you normally pay your fee each month by signing into the Online Payment Portal and initiating the payment, you will note that the FY2026 HOA fee amount for your unit will be automatically updated in the system to reflect the new, increased fee effective January 1, 2026.   If you have set up automatic recurring monthly payments of your HOA fee through the Online Payment Portal (OPP), and have set a maximum payable amount, you will need to go back into the OPP and reset your maximum allowable payment amount so it will cover your new, increased fee amount as noted for your unit number in the attached budget effective January 1, 2...

BOD Meeting on 12/19 at 5 PM

Dear Reston Station Neighbors,   The Board of Directors will meet on Friday, December 19th at 5:00 PM via Zoom to review and approve the proposed 2026 budget that was distributed on December 1st.   Thank you,   Theoharis Management 

Draft 2026 Budget

Dear Townhomes at Reston Station Owners,   We would like to give the community a chance to review the draft budget prior to the formal vote made by the Board at a later date in December (meeting date to be announced).   Based on this draft budget, the overall assessment will increase 3% starting on January 1, 2026. We do not take proposing this increase lightly . Nonetheless, as we outline below, given increasing expenses, a need and desire to appropriately maintain our grounds, and some changes we believe are necessary to provide a more stable budget process in the future, keeping our assessment flat is not a viable option.    The fiscal year 2026 budget preserves all current community services; accounts for rising labor, material, and contractual costs; and takes a conservative approach to ensure we responsibly meet the community needs.   Here are some key expectations which entered into our calculation of the budget:   The projected s...