Power Subsidy

 

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Red Bank Oaks

Power Subsidy Program

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All property owners have a one-time offer for Red Bank Oaks Property Owners Association to help them with producing electricity. Any owner may use the money for a generator, solar, or any other means to make electricity at their property in Red Bank Oaks and Red Bank Oaks Property Owners' Association will pay 23% of the cost up to $1,100.00. This is effective as of June 1, 1995.

Each parcel may benefit only one time from the subsidy program and landowners of multiple parcels may not receive multiple subsidies for a single power source. Landowners are expected to act in good faith. The intent of the subsidy program is to support the permanent extension of power to all parcels individually. The subsidized power source is expected to transfer with ownership of the parcel. When requesting subsidy, landowners must submit all receipts for the power source with the following information clearly marked on each receipt:

1) Parcel number to which power subsidy will support

2) Name, address, and phone number of landowner purchasing power source

3) Name, address, and phone number of seller from whom power source was purchased

4) All relevant make, model, and serial number information for the power source

Prior to receiving power subsidy, power source must be inspected onsite (at parcel) by a Red Bank Oaks Property Owners’ Association representative to verify all relevant make, model, and serial number information. Failure of the landowner to allow inspection will result in automatic denial of power subsidy – no exceptions.

A list of the parcels which have already received the one-time subsidy from the subsidy program.

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Copyright © 2008 Red Bank Oaks Property Owners' Association
Last modified: 02/21/09