2024-25 Annual Meeting Report
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
Links
Monthly Financial Reports
Association Insurance Policies
Vendor List
Audit 2022
Audit 2023 (in process)
Water Main Replacement Project
Because of ongoing business and negotiations, owners are asked to not contact resources directly.
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