HOA Dues Shedule Change

December 28, 2018

Homeowner Due Schedule Change:

HOA Dues are mailed out to Morgan Creek Homeowners the last week of February each year and are due by the last day of the following month (i.e., March 31st). Starting in 2019, the HOA Board voted to split up the HOA dues into two payments of $200. One payment of $200 is due the end of March and the second payment of $200 will be due six months later, the 30th of September. This was changed as an effort to help Morgan Creek Homeowners better budget for this expense. Any homeowner is welcomed to pay their dues in full, if they so choose.

Q: How do I pay my dues?
A:  There are currently (2) acceptable avenues to make payment. These are...

      1.  Mail your payment using the payment return address included on the received invoice; or

      2.  By paying online through pay lease. The link can be found within the neighborhoodsplus.com website under 'pay HOA

           dues'.

Q: Why do I have to pay the $400 Annual Dues?
A: Almost every planned community is run by a homeowner’s association (HOA), which is made up of all the owners in the development. The HOA’s obligations are set forth in the governing documents for the development (such as Articles of Incorporation, Bylaws, and a Declaration of Covenants, Conditions, Restrictions and Easements (CC&R’s), and sometimes separate Rules and Regulations). Among the HOA’s main obligations is to maintain, repair and replace the common areas.

 

The HOA calculates the amount of dues it needs to collect based on its annual budget, after estimating the ongoing operation and maintenance expenses for the common areas. These costs might include such things as landscaping services for common parks, utility bills, maintenance, insurance, taxes, etc.

 

The budget also accounts for a reserve fund for anticipated common area repair and replacement costs (which might include such items as the cost dilapidated fencing, common area amenities, sprinkler repair, pond maintenance, etc.)  

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