$1,000.00 per home


Up until a couple years ago the $1,000.00 per every home sold went to the Child Development Center. It's a nonprofit that was subsidized with close to 2 Million dollars. Even after that subsidy, and being a nonprofit, still happens to be one of the most expensive Day Care Centers in Austin. Gary Bradley is the only Board member of the CDC.

In the last 2 years or so, the $1,000.00 per every home sold goes to an amenities fund that is controlled by Bradley/Bartlett. They control the resident development portion of Circle C and it's in the interest of the developer to use those funds, to help them sell lots to builders. If, for some strange reason the funds are not used to build anything, the money goes back to the builders.

All smart board members that are elected will work with the developer to make amenities happen. That is the way all HOA's do it. This relationship is more fair and better for homeowners than the developer also controlling the homeowner HOA funds as well (as we had in the past).

I believe the board can ask to see what the current fund amount is. I don't think any homeowner or board can audit the fund.

$1000 fund - news to me

The first time I heard anything about this amenities fund was two week ago, with the Sal's posts about the Child Development Center (CDC). Their web-site said that they received $1000 per house from the developers.

I don't know if that infomation is still current or not.

I know that was never discussed or disclosed when I bought my house. But, it does mean that we need to follow-up on it. It's a common practice for developers to put money like that into an escrow account. It's also easy enough NOT to, since we apparently have no way to verify those funds.


That's a very interesting question! I wonder if we should ask our auditors to look into it ? Thanks cbuls!

FYI I think we are getting 40 new homes a month in Circle C Ranch. That would mean the fund should be growing by $400,000 a year!