Questions and Answers (FAQs)
Below you will find FAQs about our Shelter Bay Community.
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We continuously update our FAQs with new questions and answers, so check back often.
Need a direct contact?
- For questions directed to the Board, please email: [email protected]
- For inquiries related to Office Management, contact: [email protected]
- Questions for Committees should be sent to the respective Committee Secretary. (Refer to: Governance/Committees)
Williams and Nulle completes our annual audit. The last one received had not findings or anomalies. The latest audit (for FY21/22) will be completed by June 2023. Shelter Bay Company pays a bulk annual lease payment to the Swinomish Indian Tribal Community (SITC) for the leased property within Shelter Bay. Shelter Bay collects rent from the homeowners for the lots that they lease (which is managed through a sublease agreement). The annual lease payment is adjusted every 10 years, based on the Master Lease agreement with the SITC. Current market values are used for the adjustment. The last adjustment was in 2023 and the rent will not be adjusted again until 2033. Shelter Bay bills for the following items: Changes to the HOA fees are approved annually by the Shelter Bay Board and are then provided to the Community for review and approval in the annual budget. Your lease rent is paid in two parts. There is a monthly amount called “supplemental rent” charged by the Community and an annual fee billed by the Shelter Bay Company. These are adjusted every 10 years according to the Master Lease agreement. The next adjustment will be in 2033. The Capital Assessment (Reserve) was recently increased to rebuild the reserve fund. This was based on a reserve study that looked at future infrastructure needs such as roads, water, buildings, amenities, and sewer plant. There was a slight decrease in the Monthly Assessment to offset the operating budget increase. Shelter Bay Company pays a bulk annual lease payment to the Swinomish Indian Tribal Community (SITC) for the leased property within Shelter Bay. Shelter Bay collects rent from the homeowners for the lots that they lease (which is managed through a sublease agreement). The annual lease payment is adjusted every 10 years, based on the Master Lease agreement with the SITC. Current market values are used for the adjustment. The last adjustment was in 2023 and the rent will not be adjusted again until 2033.
Budgets and Finances
Water Usage + State and Tribal taxes
Water Base Rate + State and Tribal taxes
Sewer Base Rate + State and Tribal taxes
HOA Monthly Assessment (covers day to day operations of the community)
HOA Capital Assessment (capital reserve funding for capital expenditures)
Supplemental Rent Assessment (fixed rate that adjusts every 10 years)
Lease Admin Fee (provides funding for professional fees and shortfalls in Lease payments)
Lease Items