What's Going On
Assessments
Posted on October 8, 2021 9:00 AM by Admin
What do my assessments go towards?
 
Is there a detailed breakdown available?  A detailed Operating Budget is available on www.mycincoranch.com.
 
What is the community council contribution?  The Community Council plans and manages the various events and programs provided to the residents and is a partner association to the Residential Association.  The Council has limited income resources and is therefore supplemented by the Residential Association.   Some of the programs provided by the Community Council include classes at the Lake House, educational camps at the Lake House during school breaks, Food Truck Fridays, Bingo Nights, Movie Nights, Annual Spring Eggstravaganza, Annual Zombie Walk, Annual Family Fest, and much more.
 
Why is grounds maintenance so expensive? The current grounds maintenance contracts cover over 20 million square feet of land that is maintained on a weekly basis for the majority of the year.  There is an irrigation system throughout most of that property.  Although the expense to maintain the Association’s grounds is large, it is necessary in order to maintain the desired expectations of the community.
 
Is there a way to reduce grounds maintenance costs?  The Board of Directors along with various committees are always looking for ways to reduce costs.  Relative to the grounds maintenance, the Beautification Committee is working with the Board to identify locations where beds can be reduced which would decrease overall costs.  Other options being discussed are the reduction of mulch, using ground cover in some areas, and working with the county for tree replacements.  Long-term strategic plans are being developed for all cost items.
 
Explain management services expenses.  The Management Services Expenses are tied to the day to day operations provided by the Cinco Ranch 2 HOA Management Company, C.I.A. Services.  Some of the services provided include deed restriction enforcement, financial management, assessment collection, coordination of meetings, working with contractors and outside governmental agencies like Fort bend County and the TX DOT.  The management fee is based on the number of homes.  As the community grows, the cost to manage the Association will increase with it.
 
What is the fee for other master-planned communities in the surrounding area?  Assessment rates obtained from the following communities are listed below. 
 
Cinco Ranch II – $1,150
Cross Creek Ranch – $1,300
Lakes of Bella Terra - $1,395
Aliana – $1,137
Grand Lakes – $1,150
Seven Meadows – $1,200
 
Information pulled from hoa-community.com