Upcoming $200,000 Assessment and Project Breakdown

Dear Del Rio Village Townhomes Homeowners,

We hope this message finds you well. As part of our ongoing commitment to maintaining and enhancing our community, the Del Rio Village Townhomes HOA proposes a 12-month assessment totaling $200,000. This assessment, distributed across all 120 units paying maintenance fees, equates to approximately $1,667.00 per unit for the year, or about $138.89 per month. This financial commitment is essential for addressing key infrastructure needs and ensuring our community's continued safety, comfort, and value. Below, we provide a detailed breakdown of the proposed expenditures and their cost per unit:

1. Security Camera Installation - $38,000: To enhance the security of our community, we plan to install state-of-the-art security cameras at strategic locations throughout the property. This investment aims to deter criminal activities and provide peace of mind to all residents.

2. Pavement of the Roads - $100,000: Our roads need significant repairs to ensure safe and smooth driving conditions. The proposed pavement project will address all necessary resurfacing and maintenance work to extend the lifespan of our roads.

3. Irrigation Repairs - $32,000: Efficient irrigation is crucial for maintaining the aesthetic appeal and health of our landscaped areas. The funds allocated for irrigation repairs will cover the replacement of outdated systems and necessary upgrades to improve water efficiency.

4. HOA Cash Reserves - $30,000: Maintaining a healthy reserve fund is vital for unforeseen expenses and future community projects. By allocating $30,000 to our cash reserves, we ensure financial stability and preparedness for any unexpected needs.

While these projects are essential, we understand the financial commitment required from each homeowner. Therefore, we invite all residents to attend an upcoming meeting where we will vote on the priorities of these projects. Your input is invaluable, and we encourage you to share your thoughts and opinions.

Alternative Ideas for HOA Cash Reserves:

- Hosting community events or fundraisers to boost reserve funds.

- Implementing a monthly contribution plan to gradually build reserves.

- Exploring cost-sharing initiatives with neighboring communities for large projects.

This assessment is necessary to maintain and improve our community standards. We appreciate your understanding and cooperation as we work together to enhance our living environment.

Comment Below:

We welcome your thoughts and opinions on the proposed assessment and projects. Please share your ideas and suggestions for alternative ways to benefit the HOA cash reserves.

Thank you for your continued support.

Sincerely,

The Del Rio Village Townhomes HOA Board