PROPERTY OWNERS' ASSOCIATION

POA: LONG RANGE PLANNING

By Fred Owen, Director

"Where does the POA money go and why don’t we have any new projects?"

 

If funds were available, serious consideration would be given to such projects as:

•         Quail Point renovation/expansion
•         Road improvement
•         Swimming pool/outdoor recreation area for HSB South
•         A large "Martin Park" type structure to accommodate large, informal gatherings
•         Construction of new, or improvement of existing, hiking trails.

As each member is aware, the Horseshoe Bay Property Owners’ Association receives only 35% of the maintenance fees residents pay each year. With this 35%, the POA is charged with the responsibility to install, maintain and repair the roads, beautify the common areas, and to perform “…all other functions reasonably incident to maintenance of the safety, health and welfare of the property owners and residents.”

Unfortunately, very little revenue remains after paying for road maintenance, weed/brush control, lot mowing, beautification of the common areas, Quail Point maintenance, etc. In recent years, sums remaining after the mandatory obligations have been satisfied have been expended for beautification projects (entrances, HSB West), safety (gates at low water crossings, deer fencing and control), and convenience to members (satellite mail boxes). However, money for new major projects is simply not available at the present time

In keeping with the trust imposed upon your POA Board, we have endeavored to plan for several new projects for the benefit of the members when – and if – funds become available. Among the unofficial first items on the wish list is the renovation/makeover of Quail Point, which a number of members have been urging. This structure, part of which was a hunting lodge constructed some 70 years ago, is in need of repair, updating and expansion. Enough said about this subject for now, as this topic will be covered in detail in a future edition of The Beacon.

One source of additional, non-committed funds may occur if the sale of a portion of Park 13 property is closed before October 31, 2008. If the sale is consummated, the POA will have approximately $250,000 in uncommitted funds to use for one or more new capital projects. After evaluating the overall needs and desires of our members, and only after receiving member input, will the windfall funds be expended for the benefit of the members.

Perhaps you would like to share your suggestions with us at town hall forums? You may have suggestions to offer on any of the above topics, or on developing new revenue sources. For example, how do you feel about the POA filing liens and levying execution against members who decline to pay maintenance fees or to reimburse for weed control? In the absence of illness or other mitigating circumstance faced by the delinquent lot owner, do you favor selling those lots at public auction for amounts necessary to reimburse the POA for its costs? As another example, would book sales conflict with the aims and objectives of the Marble Falls Library?

We earnestly solicit your suggestions, as well as learning of your concerns.



Return to All About the POA

Return to Home Page