HOA timeline
Category: Other
Updated: 31 Jan 2020
Contributors
Created bymenacezone
Attachments
Events
Pond Study"WET" detention (hybrid/stormwater basin)
pond design included in preliminary
phase 1 documentsCity Contract Approved -
City will NEVER be responsible for
landscaping/pond upkeep.
MUST replace dead trees, etc.HOA formed. Dues set $650 based on
1. detention = dry (false assumption)
2. unrealistic landscaping expectation (water + upkeep)HOA bylaws signedFirst Texas pays $0,
leaves deficit in the budget ($6475)
2016 budget: $0
2016 actual: $14k (mgmt co + landscaping)All Fountains running.
All areas now watering.
Electric and Water expenses begin
Landscaping beginsFirst Tx pays $65.8k
leaves $6679 deficit for the year
2017 budget:
Electric + Pond: $720
Water + landscaping: 30k
2017 Actual:
pond + electric for year 13k
Landscaping + water $66k2018 budget set by 1st Tx
electric + pond: $44.4k
lanscaping + water: $63.2k
Dues raised to $780John Gray elected to board2019 budget set by 1st Tx,
2019 Budget:
electric + pond: $19.8k
lanscaping + water: $79.7k
with *budgeted deficit* of $27106
Dues raised to $936First Texas pays: $57k
leaves deficit of 15.5k
2018 Budget:
electric + pond: $44.4k
lanscaping + water: $63.2k
2018 Actual:
electric + pond: $29.3k
landsaping + water: $82.9k
(18 trees died/replaced)John Gray begins to fix water problems
stops overpayment
decreases water use
receives refunds for previous overpayment4 additional board members elected
1st Tx cedes control of HOA.HOA board sets 2020 budget
Electric + pond: $28.6k
landscape + water: $61.6
Dues raised to $1030
(not the full 20% allowed)1st Texas pays $0
HOA with $350 in the bank
and 15k in bills (as of November 2019)
Actuals Jan-Nov2019:
Electric+pond: $21.4k
landscape + water: $56.7kBudget set for 2017
Electric + Pond: $720
Water + landscaping: 30k2016 budget set:
$0
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