Monterrey Village Homeowners Association, Inc.

Monterrey Village Homeowners Association, Inc.

Monterrey Village is a Deed Restricted Community

Membership in the Monterrey Village Homeowners Association is automatic, based on ownership of property in the subdivision. The Association will eventually be operated by the owners of homes and various committees are being formed to allow members to influence how the Association is operated.

Main Purpose of a Mandatory Association

The purpose of the Association is to maintain and improve the value of the property and preserve the pleasant lifestyle intended by the developer and builder for the community. The Association is its members and the exercise of real democratic processes make it a unique place to live and raise families.

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About our association

ENRICHMENTS, RIGHTS AND RESPONSIBILITIES

THE DEVELOPMENT PLAN

The MONTERREY VILLAGE SUBDIVISION will contain 272 residential lots when completed in five phases. DFGG of Texas, Ltd., as Developer and Declarant, created the plan which was approved by the City of San Antonio. Certain areas, such as landscaped entrances, a recreation lot and a detention pond will be maintained for the benefit of all LOT owners in the MONTERREY VILLAGE SUBDIVISION by the MONTERREY VILLAGE HOMEOWNERS ASSOCIATION, INC.,(MV HOA) The City of San Antonio will maintain the public streets within the community.

ASSOCIATION MEMBERSHIP AND THE IMPORTANCE OF READING AND UNDERSTANDING THE PROJECT DOCUMENTS

The Declaration of Covenants, Conditions and Restrictions (Declaration) of the MONTERREY VILLAGE SUBDIVISION establishes the rights and responsibilities of all Lot Owners. You should have received a copy at the closing of your house. If you did not get a copy of the Declaration, contact your Sales Office immediately. Basically, the Declaration states that all Lot Owners automatically become members of the Association upon receipt of a deed to a lot in the subdivision. The Monterrey Village Homeowners Association, Inc. is a non-profit Texas Corporation and the Bylaws of the corporation explain the rights and responsibilities of the Members of the Association. As a Lot Owner and Member, you will be required to contribute to the common expenses through annual assessments, obey the rules and abide by the restrictions designed to maintain MONTERREY VILLAGE as a first-rate community. In return, you will have the opportunity to become involved in the operation of the Association by voting annually, serving on committees and the Board of Directors, and by participating in community functions of your choice
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ARCHITECTURAL CONTROL ISSUES(Art. 3)

The Monterrey Village Subdivision is a Deed Restricted Community. To ensure uniformity of architecture and harmony of external design throughout the subdivision, the DCCR (Article 3) establishes the Architectural Control Committee (ACC) to oversee all construction on the individual lots and in the common areas. For everyone's protection, no improvement such as a home, storage building, swimming pool, playscape, fence, wall, decorative or artistic structures may be started until the plans and specifications have been submitted to, and approved by the Architectural Control Committee. Any plans for modification of, or addition to, existing structures or certain landscaping must also be reviewed and approved before work begins. This also includes changes of color. (See Division 3.3 of the Declaration.) A copy of the Residential Design Guidelines for the Monterrey Village Subdivision will be provided by the Association.

PROTECTIVE COVENANTS(Art. 4)

These restrictions were established to protect and enhance the value, desirability and attractiveness of the subdivision. For example, Article 4, Section 4.3.7 of the Declaration prohibits common cement, cinder block, or chain link fence of any type on any lot. Section 4.3.8 regulates athletic equipment and facilities. Basketball equipment, whether permanent or temporary, should not be placed at the street right-of-way or within 15 feet of the front property line. .( Putting a baskball backstop or a skate board ramp in the street is also a violation of a City Ordinance on obstructing the right of way.) By accepting a deed to a lot in the MONTERREY VILLAGE SUBDIVISION, you, your family, tenants or invited guests agreed to abide by these restrictions.

ASSESSMENTS TO PAY COMMON EXPENSES

To ensure that any common property is adequately insured and maintained, all Lot Owners (including the Developer and any Builder) are required to contribute to the expense of upkeep, administration, taxes and insurance. The annual assessment rate set for the first Fiscal Year for these services has been established at $180.00 annually for an improved Lot , payable on January 1st of each year. Payments should be made to Monterrey Village Homeowners Association and mailed to AMS AT 1600 N.E. LOOP 410, SAN ANTONIO, TX 78209

EXAMPLES OF COMMON EXPENSES:

?Upkeep, maintenance and repair of entry landscaping, detention pond and its fencing .
?Payment for utilities used on the common areas
?Taxes assessed upon the Association
?General liability insurance and Directors and Officers insurance covering the Board, Officers, Committee members and volunteers based on their service to the Association
?Costs of management and materials used in the corporate, financial, and administrative affairs of the Association

VOTING RIGHTS

All Lot Owners, other than the Declarant, have one (1) vote on each matter coming before the Members at any meeting (unless their voting rights have been suspended by the Board of Directors). Details are found in Article 2 of the Declaration. The Directors of the Board were elected by the Membership for three (3) year terms beginning with the First Annual Meeting in 2006.

POWERS OF THE ASSOCIATION

The Declarant or the Association, through its Board of Directors, or any Lot owner, may bring an action at law against any Lot owner for failure to abide by the covenants, conditions and restrictions established in the Declaration. Legal action can also be taken against any owners for failure to pay assessments for which they are personally obligated, and the Association may foreclose the lien against a lot (even a homestead property) for non-payment of assessments, fees and costs. Interest will be charged on delinquent assessments, and legal fees, court costs and other costs of collection may be added to the amount of the assessment. No Lot owner may waive or otherwise escape liability for the assessments by not using the common area or by abandoning the property. This ability to enforce the collection of assessments assures that all Lot owners will share equally in the expenses of the Association.

COMMITTEE SERVICE - WHY ARE OWNERS NEEDED?
The Association's Committees provide a way for members to affect the quality of life in the community. Lot owners often ask why they need to be involved in the Association by serving on committees and the Board, if we have a professional manager? The answer is that Lot owners have the ultimate responsibility to set and maintain standards for their community. Although managers can offer professional advice and experience, they can only support community standards but they do not establish them. Only owners have that right. Serving on any committee requires a continuing commitment and serves as a training ground for eventual Board service. The Board?fs duty is to enforce the covenants as they are written until such time as they are amended by the membership. For example, the Covenants Committee reviews the community standards as stated in the Declaration to determine if they are being upheld. Reminders will be sent to Lot owners who have items that are not in compliance with the Declaration.

. ASSOCIATION OPERATION

If you have any questions regarding your Association, please contact  JOHN BOUCHIER AT AMS, 829-7202 for additional information. AMS is a professional management company contracted to handle the administration of the Association.


PLEASE RETAIN THIS INFORMATION FOR FUTURE REFERENCE.

Two Builders in Monterrey Village

The initial builder, Eagle Valley Homes, sold their company to Standard Pacific who is completing the homes on lots which they now own. A new builder, Imagine Homes, has purchased the remaining lots and is completing the project. Both builders have sales offices and models on site and welcome visitors.