FREQUENTLY ASKED QUESTIONS
Questions concerning membership, activities, etc. are answered below. To view our Archived FAQs please click here.
When was the SSRA formally approved by the Province?
The SSRA was formally established by the Province February 25, 2020. Incorporation of the SSRA was completed
effective April 2, 2020 as required by the Societies Act.
When will the SSRA commence operations?
The SSRA will begin invoicing annual assessments April 1st, 2021
Am I obligated to be a member of the SSRA?
Yes. All property owners within the Silver Star Resort Promotion area are members of the SSRA.
I already use a booking service for my rental property. How does the Silver Star Resort Association benefit our property?
In addition to providing a vehicle for grants and additional funding, the formation of a Silver Star Resort Association will create a platform from which we can ensure the vibrancy of the resort’s future for residents, homeowners, visitors and businesses alike.
How much are the annual assessments payable by members?
- Commercial 0 to 799 sqft: $2,000
When are the annual assessments due?
Residential lots are billed annually on April 1st.
What happens if I don't pay my assessments on time?
Effective March 11th, 2021 fees not paid within 30 days of levy will be charged interest at the rate of 2% per month, compounded monthly (26.82% effective annual rate), as per Bylaw Section 20.3: “Late payments will be assessed interest at the rate determined by the board.”
What happens to the RAM fees?
All RAM fees should to be paid up until April 1st of 2021 after that date NO more RAM accrues. As per the Rent Charge Covenant Section 11: "Transfer to Taxing or Statutory Authority. In the event a Resort Association is formed pursuant to the Mountain Resort Associations Act and commences levying assessments against the Lands or any Lots and the Operator becomes a member, joins or submits to the jurisdiction of such body, then Silver Star will release the Lands and individual Lots from the Rent Charge provided that the Annual Fee and all arrears and interest with respect to any particular Lot is paid in full to the date of the release. "