Our HOA dues facilitate the following:
- keep the homeowners’ association in good financial health
- pay management company administration fees
- pay the community insurance premium
- an adequate reserve fund (a goal in the works)
- routine pool maintenance for our two (2) pools and spray park
- pool furniture for our two (2) pools and spray park
- year around community landscaping
- replacement of common property elements
- offset unforeseen expenses to include major and/or emergency maintenance for our pools, irrigation systems, lighting systems, and replacement of dead shrubbery, landscape and trees.
Over the past year the board has applied HOA dues to fund the following:
Landscape Improvement Projects - approx $55,000 to date
- Ongoing Irrigation System Repairs throughout community
- Kiddie Cushion Mulch replaced at neighborhood park
- Spray Park Stone & Landscape Project - resolve water flow problem & enhance community by installing 77 plants, stone border, peat moss & mulch
- North Pool Landscape Project - replaced 38 plants and improved landscape
- Community wide landscape fungicide prevention
- Tree, plant and weed maintenance & removal projects
Amenity Improvements - approx $20,500 to date
- Pool Furniture - 40 chairs & 1 table
- Lighting improvements & repairs
- Pool repairs & improvements
Entry Monument Signs Restoration Project - approx $6,000
- Clean, repair & paint all entry & amenity monument signs
Reserve Fund Development - approx $50,000
- Our community and all its amenities are aging and our reserve fund is not adequately funded to support our potential future community expenses.
- A professionally sourced Reserve Study indicated that we need to be at a higher level for our reserve fund.
In preparation for 2019, we created the 2019 budget and project list. Through this process we quickly learned we have more work to do than we have funds anticipated with the current assessment amount. The homeowner’s assessments in the Villages at Willow Bay have never increased in 10 years while the costs of all things have continued to grow.
After careful consideration, the 2019 per homeowner dues will increase by $50 from $360 per year to $410 per year due on or before January 1, 2019. Even with this increase, we maintain one of the lowest annual assessments in the area.