As I drive around our residential development the signs that spring has arrived are seen everywhere. The flowers and plants are all blooming in full colors and our neighbors are hard at work repairing winter damage to their yards and flower beds! The Texas Landscape Group has been hard at work; repairing infrastructure, installing spring plantings, and taking care of sod in the entrances and our common areas. Everything is really looking inviting!

 

The highlights of the April 20, 2022, Board of Directors Meeting are as follows:

Property Management Company (PMC): The Board was pleased to announce that a Property Management Agreement covering Cinco Ranch II was executed on April 20, 2022, with RealManage, LLC, which does business as GrandManors of Texas. The agreement is effective on July 1, 2022, to align with the June 30, 2022 expiration
of the current Property Management Agreement. The transition to GrandManors will begin immediately; however, C.I.A. Services will continue to manage our Community until June 30th. C.I.A. Services has been a fantastic partner to the Association since 2008 and their hard work and service over this timeframe are greatly appreciated by the Board and the Association. RealManage was established in 2004 in Austin, Texas, currently operates throughout the United States, and is considered one of the top residential management companies in the country. Their corporate culture was a significant driver in the Board selection as they strive to provide: comprehensive and innovative Community solutions, performance measurement and improvement of physical and “living’ assets, a dedicated onsite staff, innovative IT/ Financial systems, preventative maintenance, and asset controls. Further information on RealManage can be found on their website at: www.realmange.com, and GoodManors will be reaching out to the Association Homeowners with information, contact details, and relevant information in the very near future.
The GrandManors division of RealManage was launched in 2015 and provides management services to large communities like ours that include many amenities and are lifestyle-orientated. In our case, there will be an initial on-site staff of nine, including a General Manager, Community Manager, Landscape Manager, and Maintenance Manager. This on-site staff will be located at the Lake House and our current Field Maintenance Office on Water Plant Road. The structure of the new Property Management Agreement should allow the Association to maintain costs within the current budget, and it is expected that additional savings will be realized in the
future. There will be some costs associated with the transition, but they should be minimal including updating our internet service and office spaces at the Lake House and the Field Office. Most of these changes would need to be made, even if a change in a new PMC did not occur.

 

Winter Storm Uri Insurance Claim: After a very long road, and with great effort by Kimberly Cowart and others, the insurance claim for freeze damages to the  Community assets, including the Ashfield Gardens has been closed and the funds due to the Association have been received.

 

FM 1463 Land Acquisition: This is another long-term project that has been brought to closure. All of the land to be acquired by TXDoT for the widening of FM 1463, which is known at this time, has been completed. From an original offer by the State of approximately $1.1 million, the team was able to secure total compensation to the Association of over $1.6 million, after the costs related to our legal consultant. Hugh kudos to this team and their fine efforts!

 

I hope that this captures the highlights of the meeting for those members who may have not been able to attend the April 20, 2022 meeting.

Regards,
Brett Butterfield, Vice-President
on behalf of Donnie Loubiere