October 23, 2018
Your Horseshoe Bay POA (“HSB POA”) Board of Directors believes it is important to clarify and correct what we believe are some misperceptions regarding the annual Maintenance Fees.
First is that the HSB POA does not assess, collect or distribute any fees (except distribute to the City of HSB by contractual agreement). It does pay for certain property maintenance services provided by the Amenities Owner (Resort) for maintaining certain entrance ways and boulevards which the HSB POA is contractually obligated to maintain.
In fact, as you may know from your property closing documents and/or the recent Maintenance Fee statement, your fees are billed by and paid to the Horseshoe Bay Maintenance Fund, Inc. (“Fund”), not the HSB POA. The Fund is an independent entity that acts as Agent for the HSB POA and Resort.
Second is the Fund then distributes the Maintenance Fees net of operating expenses to the HSB POA and Resort in accordance with the fee sharing percentages as set out in the original Horseshoe Bay development's public founding documents (Declaration of Reservations and subsequent Amendments and Supplements) as filed of record in Llano and Burnet Counties.
The Declaration of Reservations vests the right, authority and obligation to determine (as permitted by annual CPI changes), assess, collect and distribute the annual Maintenance Fees solely in the Fund.
In summary, the HSB POA has no responsibility or authority over the calculation, assessment, collection or distribution of the Maintenance Fees. This is further stated in the footnotes to the HSB POA's Independent Auditor's Report for The Years Ended September 30, 2017 and 2016.
Your HSB POA Board of Directors and Management invite HSB POA members to our monthly board meetings (third Wednesday of each month ((except August-no meeting)) and November and December 2018 which are the second Wednesday) where we can meet you and hear your thoughts/concerns.
Board of Directors,
Horseshoe Bay Property Owners’ Association, Inc.
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Your home is the physical center around which your life revolves. It is the place you come to renew your spirit and refresh your mind. It is our mission to create a sense of community, friendship, and pride among the residents of your neighborhood.
World Class Residential and Resort Community
Horseshoe Bay is a world-class residential and resort community developed in the early 1970’s. It lies on the shores of Lake LBJ, one of the seven Highland Lakes formed by the damming of the Colorado River.
Conveniently located in the “Golden Triangle” of Texas, Horseshoe Bay is within 200 miles of Houston, Dallas/Fort Worth and San Antonio. Austin is located less than an hour and a half to the southeast and just minutes from Marble Falls.
As Mac Abell says "Many and varied are the amenities and activities. Choose what you wish but whatever you do, don't pass up the opportunity to "Experience" beautiful Horseshoe Bay! Enjoy its good life! You deserve it!"
The retirement and resort community offers many recreational amenities including 3 resort maintained eighteen-hole golf courses. In addition, there are two private club golf courses within the city. The Resort also offers a hotel, a marina, and a yacht club. Horseshoe Bay also has banks, churches, a police department, and a fire department with EMS that services the community.
Quail Point Lodge Activities Calendar
This site is not only a resource for the residents of Horseshoe Bay, but also for prospective residents. Feel free to look around, but please understand that certain content is restricted to our homeowners. When you see a "log-on" page you will know that you have tried to access a restricted area. Thanks for visiting our site.