THIS ARTICLE IS IN PROCESS: THE INFORMATION BELOW IS A DRAFT Despite a staggering insurance related assessment increase in 2024 and a 60% increase again this year, the Association was able miimize the impact on homeowners and hold the increase in assessments to 3.79% for 2025. This makes the average over the last five years 4.42% which is in line with the inflation rate in North Texas. A lot has happened in 5 years. On the positive side, in 2021 the Association reduced assesments by -9.38% by slashing excessive and wasteful spending by CMA Management. It also paid down ~75% of its debt. On the downside, the Associations in North Texas were been hit with substantial insurance increases in 2023 and 2024 and we all faced a 41-year high inflation rate (peaking at 8.9% in 2024) that drove a 24.8% increase last year. Effective January 1, monthly assessments will be as follows: TABLES PRESENTED AT THE MEETING. NARRATIVE TO FOLLOW Lin...
UPDATE (1:45 P): Weather radar indicates that the rain will clear by 2:30 PM and it will be clear this afternoon and evening!
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