Landmark Community

A residential community near Belgrade, Montana
 
Our community website was developed to serve as an informative resource for both our neighborhood and our local community. Please feel free to contact us with your comments and suggestions.
 
The Landmark Homeowners Association welcomes you to Landmark, a residential community three miles southwest of Belgrade, one of Montana's fastest growing cities.  Our neighborhood is composed of 240 single family homes on half-acre lots.  Three park areas are available for residents, and paved pathways for walking, running and bicycling wander through the subdivision. Landmark lies in the heart of the Gallatin Valley just west of Bozeman and north of Yellowstone National Park.  Surrounded by the Bridger, Spanish Peaks and Tobacco Root Mountain ranges, the area is home to world class fly fishing, snow skiing, hunting and other outdoor recreation.
Homeowner Notices
Home Improvement & Construction Projects

'Tis the season for project completion! If you are considering maintenance such as landscaping, fence staining, remodels, new builds, construction, etc., please review the procedures for Landmark HOA's review process. Procedures can be found under the Lot Improvements page under the Homeowners section on the HOA website.

If you have a question about your association’s covenants and design regulations, you will be able to find these documents under the Welcome to Landmark tab on the homepage. 

RECREATIONAL EQUIPMENT STORAGE
 
Per Amendment 2 of your covenants, Article IX Section 4. Recreational Equipment, all campers, motorhomes, and ATVs need to be removed from the driveways and/or concrete pads next to the driveways and enclosed in a garage or otherwise screened area from October 15th-May 1st. Trailers, boats, motorhomes, and any other recreational equipment may not be parked on the roads at any time. Thank you for your anticipated cooperation. 
Neighborhood News
Homeowners Consider Road Maintenance RID
On Tuesday, March 23, 2021 homeowners participated in a zoom meeting with the HOA Board to discuss the creation of a Rural Improvement District to provide funding for subdivision road maintenance.  James Nickelson, RID Project Engineer, with Morrison Maierle Engineering presented information regarding the proposed RID.
 
Our streets are 18 years old. Asphalt pavement typically requires some surface treatment in 16-24 years. Based on an on-site evaluation, the current road will require a pavement overlay in 2028 or 2029. The estimated cost for pavement overlay is $819,045.64.  Annual ongoing costs are approximately $20,000 to maintain the streets. This includes snow plowing, pavement preservation maintenance, and right of way weed spraying.
 
With this in mind, homeowners will decide how to fund the maintenance. There are two options the HOA Board is considering. 
 
The first is self-managed by the collection of reserve funds through a special assessment and management of required maintenance through the HOA. 
 
The second option is to partner with the County and create a Rural Improvement District (RID). This must be voted on and approved by the membership. If approved, starting in November 2022, each lot would pay $635 annually. In 2030 that number would decrease to $250.
 
What is a RID?

A Maintenance Rural Improvement District (M-RID) is a legal funding mechanism through which a subdivision can raise reserves for on-going maintenance and improvements. The RID program provides planning, management, engineering services, and administration of the fund. For more info please click on the links below.
 
 
What are the Advantages of a RID?

Scheduled Maintenance: The RID program develops a maintenance schedule and funding to ensure that our roads have good maintenance to extend the service life well into the future. 

Competitive Bidding: Each year multiple RID improvements are competitively bid to qualified contractors. These bids are lower than those received on smaller projects due to the increased volume of work bid out for the combined RID projects. The HOA Board cannot take advantage of these savings, so must assess much higher amounts.

Tax Deduction: Most accounting firms consider the assessment a tax deduction so there is an advantage to fund road maintenance with RID funds vs. HOA funds. 

Interest Accrual: Funds in the account do accrue interest comparable to the market for secure investments. 
 
Savings: Implementing this RID will save us at least $20,000 a year on annual expenditures to maintain the roads. We will be able to allocate those funds towards much needed improvements in the community that we would like to see done. We currently do not have the extra funds to make those improvements. Plus we will be able to keep our HOA dues at an affordable price!
 
What if we don't approve the RID Project?  
 
If we do not implement a RID, the only option is to create a special assessment per lot.  This amount will probably be at least $1,000 per lot, per year over the next three years or more to accumulate enough funds to repair the road. The special assessment funds collected will only be allocated for road repairs and will not be available to use for normal operating expenditures.
 
Please note, per the HOA governing documents, a special assessment must also be voted on and approved by the membership.
 
If a special assessment does not pass, once the roads deteriorate the County will step in and create a SID tax that all homeowners will be responsible to pay. The cost will be much higher than the proposed RID or special assessment.
 
The HOA Board will discuss the comments received during the meeting and decide how to proceed.  Further information will be provided to all homeowners.  Please contact board members, Luna Properties, LLC, or James Nickelson with any questions. 
 
 
 
Concerned About Water Rates?
If you are concerned about the water rates charged by the Landmark Water Company please complete the Public Service Commission complaint form and send it to Luna Properties via mail or email.
 
MAIL TO: Luna Properties, 40 East Main St., Suite 210, Bozeman, MT 59715
 
 
Landmark Water Company is a privately owned company that supplies water to the subdivision through water distribution lines they own within the subdivision.  Landmark Water purchases water from the River Rock Water & Sewer District. The Landmark Homeowners Association is not affiliated in any way with the Landmark Water Company.
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Upcoming Events
HOA Board Meeting
Tuesday, April 27th
6:00 p.m. at River Rock Community Center
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