The first mention of the potential for the assessment was in the most recent board meeting minutes, which basically said (I don't have them in front of me) that this 'may' be needed, but the reserve fund might cover most or all of it. Honestly, I was prepared mentally for up to a $10k assessment after reading this thread... 4x that is just blowing me away.
Basically the letter we got said the following: "The Engineers findings have clearly shown that the siding, windows and doors have failed." When we moved in about 5 years ago, we were told that the windows had recently been replaced; I'm not sure of the full details behind what happened there. It's certainly something that I'll be asking at the meeting next week.
The kicker of all of this is that for the past 4-6 months if not longer, we've been seriously talking about moving as soon as our mortgage was paid off and making a lifestyle move elsewhere, so in 3 years if all went well. (The reason for waiting until then is that I'm in the 2nd year of running my own business. My partner's income covers our daily cost of living and everything I make is savings, mortgage lump sums, and the like. However, my income is quite small and very irregular right now). This was basically all we'd been talking about, weekly if not daily, for months... so it's an extra punch in the gut from an emotional standpoint, to be sure.
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