News about the Lookout at Brushy Creek, a custom home community just outside Hutto, Texas.

Wednesday, September 17, 2008

Annual "Dues" increase passes, puts Association on firm footing

At the September 9th annual meeting, the motion to increase the Annual
Maintenance Charge passed by just shy of a 3 to 1 margin! The $120 annual
fee, which has remained unchanged from the inception of the Lookout at
Brushy Creek, will increase by $10 a month to make it $240.00 annually
starting in 2009.

The 47 to 16 vote was enormously important. It allows the Property Owners
Association (POA) to start operating on a firm financial footing again. In
2009 we will be operating in the positive for the first time since 2005!

This gives us the ability to continue to vigorously enforce the ACC
restrictions on new construction, and also to step up routine maintenance
and landscaping that has been restricted in the past due to funding
shortfalls. It will also allow the POA to stop dipping into capital
reserves for normal operations.

All in all, a very important vote, and we'd like to thank the membership for
recognizing that an increase was long overdue to insure the the POA can
continue to function and look after the best interests of our community.

1 comment:

sheridwtx said...

I am so shocked everyone is okay with $240 per year dues (double what it was last year) for no major amenities. When we were in Pflugerville, at least we had a pool and tennis courts.

Did anyone see last year's Lookout budget statement? The one I received showed we were in the black by more than I have in my bank account after a decent real estate transaction. Thank goodness we found a tenant to rent the house who didn't care that the HOA amenities were trash compared to area subdivisions.