MY HOMETOWN July 2013 Volume 2, Issue 7
THE OFFICIAL PUBLICATION OF THE HOMETOWN KYLE HOA
HOA Quarterly Dues Increase
The Board has worked very hard to postpone a rate increase in our HOA dues. However, we need to come to terms with the fact that our quarterly dues of $82.50 is no longer sufficient to cover the expenses facing our subdivision. An increase in HOA dues will go in effect October 1, 2013. The new amount will be $100.00 per quarter. Please make the necessary adjustments to accommodate the new amount if your payment is taken out of your bank account. New payment booklets for the 4th quarter of 2013 and the 4 quarters of 2014 will be mailed out in July or August 2013, well in advance of the first payment date at the new rate. Please contact Marilyn Childress with Goodwin Management at marilyn.childress@goodwintx.com if you don’t receive a new coupon book. *Board members work on a volunteer basis and are not exempt from paying HOA dues. Board members do not have access to any of the subdivision’s bank accounts. To view previous newsletter articles detailing 2013 budget issues, factors impacting the budget, and cost-saving measures go to www. hometownkyle.com: • Click on ‘Resident Login’ • Select ‘Documents’ • Select ‘Newsletter’ • Select April 2013
WHAT MEETING???
There was some confusion around the annual meeting that was held on Tuesday, June 11, 2013 regarding meeting times, purpose and voting. There are 2 types of meetings: ‘board’ meetings and ‘annual’ meetings. Annual meetings are intended to provide an update to homeowners regarding the current status of the subdivision and the HOA, recap what has occurred in the past year, outline what lies ahead, and to elect new officers. Board meetings are working sessions of the board members – usually held quarterly – to discuss HOA business and to vote on actions required. They have an open session where homeowners may attend, and an executive session which is open to the board and management representatives only. Votes are conducted by board members during open sessions. There is typically a board meeting held immediately after each annual meeting so the new board may determine what office each member will hold for the coming year, as well as other HOA business if necessary. Originally, it was the understanding and intention of the board members to address and vote on an increase in HOA dues during the annual meeting. However, after notices had gone out we were advised that such a vote could only be conducted during a board meeting. An e-blast was then sent to homeowners, announcing that a board meeting would be held immediately following the annual meeting, during which time a vote would be held regarding HOA dues. Unfortunately, it was not clear to recipients that the board meeting at 8:00 was referencing a 2nd meeting, separate and distinct from the annual meeting at 7:00. We are sorry for any confusion. There was no intent to be misleading. Hopefully, this clears up the confusion. We will continue to advise you of upcoming meetings, and hope to see you soon.
See a Comparison of assessments in various local communities on page 3.
Copyright © 2013 Peel, Inc.
Hometown Kyle - July 2013
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