November 20, 2017 Impact of Court Ruling on Transfer Fees

No changes have been made to the transfer fee process at the time of this writing (Nov. 20, 2017), since the ruling of the Appeals court is not yet final.

After the lower court’s decision in June 2016 and with the appeal pending at that time, GOMO placed all incoming transfer fees in an escrow account. Additionally, all “excess funds” spending (GOMO’s member-approved annual contributions to Constable service and Beautification programs) stopped when contracts ended.

At this time, GOMO is preparing to meet with its appellate attorney to better understand the Court’s ruling. When that meeting has occurred and decisions have been made on how to best move forward, detailed updates will be posted on gardenoaks.org.

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