Site Updated: Thursday, March 6, 2014
Cedar Point Property Owners Association
215 Cedar Point Drive, Livingston, TX 77351
(936) 646-3232 www.cedarpointlivingston.com
Polk County Sherriff's Department (936) 327-6810
Election of New Board
We anticipate being able to hold an election in the coming months. If you are interested in serving on the Board, please stop by the POA office and fill out the short NOMINATION for BOARD of DIRECTORS form- we will have a copy on the website soon. If you know someone that might be interested, please pass this message to them. If you have any questions about the positions and responsibilities please let us know we are happy to sit down with you and discuss. Please note the due date for submission is March 31,2014. Thanks!
Quick Note on 2014 Maintenance Fees
First, thanks to everyone who has paid their first installment or paid the year in full, we are off to a good start in 2014, but just a few reminders:
During the October 2013 Board of Director’s meeting the financial position of the POA was discussed at length, particularly in relation to the $24,000 shortfall that is expected to occur during 2013. All present understood the reasons for our financial position and the necessity to make sure that a similar situation does not occur in the future. An absolute requirement for 2014 is that planned expenditures and planned income are equal. The POA must plan for, prepare for and achieve a break even position.
Over the last couple of years we have cut our operating expenses to the bare necessities. The same is true for 2014. With the exception of inflation, our projected expenses are essentially flat. The only real unknown is those expenses tied to legal fees. Our hope is that with the Judge’s rulings, the POA is essentially removed from the lawsuit. This, however, is totally dependent on the plaintiff. That being said, we have prepared our operating budget for 2014 accordingly.
Without influence from outside sources the maintenance fees collected must equal our planed expenses. We could have achieved most of this by simply raising our fees the maximum allowed by our Deed Restrictions. The Board chose not to do this. Instead we approached Charles Von Schmidt and asked him to allow us to change his fee structure. We asked if he would waive his maintenance fee cap as outlined in the Deed Restrictions to allow us to collect a fee on each lot he owned in order to help the Association out financially. He has agreed to this proposal. In doing so, Mr. Von Schmidt has voluntarily lifted a significant portion of the financial burden off the rest of the membership thus allowing us to increase fees by only a portion of what each individual Association member would have been required to pay had had we adhered to the structure in our Deed Restrictions. The Board of Directors felt it was best for all concerned to keep maintenance fees at a rate that reflects approximately a reduced seven (7) percent increases for the property owners rather than face the maximum rate allowed. As a result the base rate for 2014 will increase from $396/year to $425/year. The agreement between the Board and Mr. Von Schmidt will not affect the fee cap for other property owners. It does mean that there will need to be some changes made to the Deed Restrictions to reflect this change going forward. These changes will be incorporated in the near future and presented to the membership for approval.
Your Board of Directors understands that any increase in maintenance fees is a hard pill to swallow, however we all understand that there are certain things that must be accomplished in order to meet our obligations. As a POA we have obligations to the membership. As members, you have an obligation to the POA. The only way we are able to meet these obligations is through maintenance fees. While we would prefer that these fees were paid at the beginning of the year to enable us to more closely align our revenues with expenditures and allow the POA to collect interest on unexpended funds, we realize that this is not possible in all cases. If necessary, you may make either quarterly or monthly payments. There will be no penalty associated with meeting your obligations on an installment plan as long as your payment arrives by the required date. If, however, you fail to meet your payment schedule, Your account will be charged a late fee based on the balance due.
We have come a long way over the past couple of years in the control of our expenses and collections of funds. With your help we will continue to improve. Your Board of Directors appreciates your continued involvement and support in this endeavor.
Your Board of Directors
Cedar Point Property Owners Association