2023 NEWS

The HOA has been working since June of 2023  with the IRS to be a federally recognized tax-exempt organization under 501(c)4. We have finally received our letter of designation from the IRS in early January of 2024!! This will allow the HOA to apply for grant funding for the much needed road improvement projects.

The Borough along with the State of Alaska is planning road construction right outside the subdivision. Starting summer of 2023. Here is the website with details...

https://healy-spur-road-rehabilitation-akdot.hub.arcgis.com/

4/19/23

This 2023 season, Exclusive Paving, in conjunction with the State of Alaska Department of Transportation and Public Facilities will begin the Healy Spur Road Rehabilitation Project. 

As a courtesy, our company provides email updates regarding our construction projects. If you do not wish to receive these emails, or if you know of someone who would like to and isn’t, please let me know.

The project includes:

• Resurfacing Healy Spur Road from the Parks Highway to Carbon Way (1.25 miles) 
• Widening of Shoulders
• Drainage improvements
• Improving pedestrian access

Surveying is scheduled to begin in just a few weeks, with major operations beginning the first week of June. Working hours will be 7am to 7pm, Monday through Sunday. Please see attached tentative schedule.

https://healy-spur-road-rehabilitation-akdot.hub.arcgis.com/

1st quarter of every year annual dues are invoiced by mail. Email reminders are sent at the beginning of 2nd quarter. Please pay your dues if you have not done so. Send email to info@trivalleyhoa.com if you have any questions!

Please wish Rebecca farewell as she transitions into retirement!! Thank you so much Rebecca for all of your hard work and for setting up the HOA for success, you will be missed. We hope you miss us :)

Welcome Jennifer Baysinger, she is a member of the HOA and will be taking over the administrative and accounting duties. NEW EMAIL: info@trivalleyhoa.com

Have you opened a new location, redesigned your shop, or added a new product or service? Don't keep it to yourself, let folks know.

In March of 2021 Tri-Valley Subdivision reached lot sales exceeding 75% and Declarant control of the HOA ended. New board members were voted-in by the membership. In September 2022, only 16 lots (of the total 188 lots) remain under a sublease. Lot sales & ownership information is now reported during HOA meetings. This page will be updated every December.

• 172 Lots sold and closed
• 16 Lots have not been sold

09/21/2022

Evans Industries has been awarded the road maintenance contract for 2022. 

Thank you Evans Industries!

04/13/2022

In March of 2021 Tri-Valley Subdivision reached lot sales exceeding 75% and Declarant control of the HOA ended. New board members were voted-in by the membership. In March 2022, only 17 lots (of the total 188 lots) remain under a sublease. Lot sales & ownership information is now reported during HOA meetings. This page will be updated every December.

• 171 Lots sold and closed
• 17 Lots have not been sold

03/17/2022

 Here are updated numbers for lots sold:

• 143 Lots sold and closed
• 12 Lots at the title company ready to close

01/02/2021

 Here are updated numbers for lots sold:

• 135 Lots sold and closed
• 15 Lots at the title company ready to close

01/13/2021

 We have reached lot sales of 50%!!!  

The HOA will be adding a Board Member!!!!  Members (lot owners) will now vote-in another Board Member. The meeting date is tentatively set for December 3, 2020.

You must be a Member (own your lot) to vote in the election and apply for a position on the Board. If you are interested in being a Board Member, complete the Board Application and return the form to Tri-Valley Subdivision HOA. (Form located under HOA FORMS tab)

10/30/2020
 

We have reached lot sales of 25%!!!  

The HOA will be adding a Board Member!!!!  Members (lot owners) will now vote-in a Board Member. The meeting date  is Monday, October 21, 2019.

You must be a Member (own your lot) to vote in the election and apply for a position on the Board. If you are interested in being a Board Member, complete the Board Application and return the form to Tri-Valley Subdivision HOA.

We are currently selling lots to lessees only. If you currently have a sublease under UCM for property in the subdivision you have the option to purchase that lot. We are currently not selling any vacant lots. 

1. What are the benefits of buying my lot versus continuing to lease?

A. Owning the land under your house provides more security to you as a homeowner. As a tenant, your ownership of your house ends when the lease terminates—which can happen before the expiration date set forth in your lease if you violate the terms of the lease. UCM also encourages you to ask a real estate broker to describe the impact land ownership is likely to have on the value of your home. 

2. How did UCM determine the initial price per acre for lot sales?

A. UCM’s initial offering price was set in order to allow it to recover the cost of buying the property from the Alaska Railroad as well as establishing the Tri-Valley Subdivision Homeowners Association. 

3. Is the land sales price UCM is offering a good deal?

A. That is for each lessee to decide. You may want to talk to a local appraiser, a lender or other property owners in Healy to ask what they paid for their land. 

4. Will the sales price change?

A. It will probably increase. UCM wants to incentivize the purchase of the lots so that homeowners who are current tenants will buy them before the end of 2020. We have decided to offer this introductory price for an initial period of time to allow our tenants to own the land their homes are built on. Once that period ends, UCM’s continued ownership of the property means that it continues to have costs that it needs to recover in the future. 

5. I don’t want to buy my lot right now, can I continue to lease my lot from UCM?

A. Yes, your lease with UCM will remain in effect under the terms you agreed to. You have every right to continue to occupy your lot under the provisions of that lease until it expires or it is terminated pursuant to its terms.

6. If I continue to lease my lot, will I be responsible for also paying the HOA dues?

A. No. If you continue to lease your lot, you will only be responsible to continue to pay UCM the amounts due under your lease. UCM will own your lot, and UCM will be responsible to pay the HOA for the services the HOA provides such as road maintenance.

7. Can someone else come in and buy the land under my house?

A. No. UCM has decided that each lot will only be sold to the current lessees or to a person who is simultaneously buying the house from a lessee as mentioned below in question 8. When a lease ends for any reason, UCM will sell the land and house to any interested person.

8. I am going to sell my house. Will the person who wants to buy my house be allowed to buy the lot?  What will happen to my lease with UCM?

A. Your house buyer can buy your lot from UCM simultaneously with the purchase of your house and pay only $2,750 per acre if the lot and house sale close simultaneously before December 31, 2020. But if your buyer purchases your house without purchasing the lot at the same time, your buyer could pay a much higher price per acre for the lot—no matter when the lot sale closes. The lease will terminate when the lot is sold. This means your buyer (and the buyer’s lender) will no longer have to worry about losing title to the improvements due to the expiration or earlier termination of the lease. 

9. What happens if I never buy my lot from UCM?

A. Paragraph 17 of your sublease provides that when the lease expires or terminates for any reason, UCM shall become the owner of all of the improvements on that lot, including your house. 

If customers can’t find it, it doesn’t exist. Clearly list and describe the services you offer. Also, be sure to showcase a premium service.

Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.