That $1,000 per home was collected by Terri Giles of Giles & Shea, Inc. at the time of closing the escrow. This amount should be controlled by the HOA, not the developer. The election is now over and it is the time for our new Treasurer/Secretary to contact our old Treasurer, Ken Rigsbee, for a smooth transfer, not only for the $1,000 fund but also for the check book, books and all the other financial documents.

I want to emphasize that the $1,000 amenities fund should be controlled by the HOA, not by the Developer. It is the law.

$1,000 per home

When you buy a house here in Circle C, you buy into the HOA that was set up by the developer. Those documents are set in stone. The $1,000 per home comes from the builder, and the builder adds the $1,000 to the cost of the house. I saw the documents at the county courthouse.

The account will always be in the control of the developer.

That is why it was so important for us to control our money and representation with 7 board members.

H.O.A. Transfer Fee


This $1,000 is called Homeowner Association Transfer Fee. You can find this item on your home purchase settlement statement, Page 2 at the bottom.

This fund should be controlled by the homeowner association, not the developer.

If you have any doubt about who should control this fund, you may contact and inquire other homeowners associations or association management companies.