The proposed amendment to Article III of the Declaration of Covenants, Conditions, Assessments, Charges, Servitudes, Liens, Reservations, and Easements for McCormick Ranch, was passed by members of the Association on October 6, 2015. The results of the voting was as follows:
Yes 2,660
No 260
The fixed Annual Assessment approved by may be increased by the Board from assessment period to assessment period (a) in direct proportion to the increase (if any) in the Consumer Price Index, United States Department of Labor, Bureau of Labor Statistics, all items, United States average (1967 base year equals 100), or (b) by an amount not to exceed three per cent (3%) above the fixed Annual Assessment for the previous assessment period, whichever is greater.
The current assessment rate as of January 1, 2015, is $200.