An Association is a not-for-profit organization of owners formed for the purpose of maintaining the common areas. An Association was formed when the Declaration of Covenants, Conditions and Restrictions was recorded. You became a member of the Association the day you closed on your new home.
Who is the Board of Directors?
The directors are owners, like you, that are elected by the membership.
Currently Directors are: Tarra Gaines-President
Matt Wright- Vice President
Kelli Schroeder- Secretary/Treasure
What does the Board of Directors do?
Your Association is a non-for-profit corporation incorporated in the State of Texas. As such, the Board’s responsibility is to run the business of the corporation. The board has a fiduciary responsibility to the stockholders or owners of the corporation. This includes timely collection of assessments as well as payments made for services provided to the Association. In general, the Board Members are the decision makers for the Association.
Why does the Board make rules and regulations to monitor things homeowners want to do to their home?
The Declaration requires that the Board uphold the restrictions contained within the documents. It is to the homeowner’s benefit to have rules in place in their Association. Rules are intended to establish and maintain a certain standard of aesthetics, which will enhance the property value.
Are the Rules in place to settle homeowner disputes?
NO. Unless the problem is one causing a common area problem or a direct violation, homeowner disputes should be settled between the parties involved. Your Board is not there to serve as referee between neighbors. In any community, whether governed by an Association or not, homeowners run into personality clashes, pet problems, and other neighborhood issues. Often, the problem can be easily resolved to the satisfaction of both parties with no hard feelings, with open communication between the parties.
What is an assessment, and why do I pay one?
As in any business, funds are needed to run that business. The business of your association is to maintain the common area landscaping, pool maintenance, building exteriors, signage, insurance, administrative costs, postage, invoicing, accounting, reserves for future projects, etc. The assessments are used to cover these expenses. As a member of the association, you are required to pay a share of the costs.
Do we have a budget?
Yes. All owners are mailed copies prior to the new fiscal Year June1-May31. The budget is established by the Board, with the assistance of the management companyhis page is under construction.