HSB POA discusses board candidates, finances, golf tourney
Prices on crypts and niches at the Horseshoe Bay Mausoleum were raised by the Horseshoe Bay Property Owners' Association when it met Jan 21.
By Emily Hilley-Sierzchula
Meeting on Wednesday morning, Jan. 21, the Horseshoe Bay Property Owners’ Association (HSB POA) discussed finances, named three candidates for two spots coming open on the seven-member board, elaborated on Horseshoe Bay Lighthouse restoration fund-raising efforts and raised prices on crypts and niches at its mausoleum.
Finances
Treasurer Reagan Lambert questioned a shortfall in the amount budgeted for maintenance and supplies at Quail Point Lodge. More than $6,000 is being spent, which is almost twice as much as budgeted ($3,458,) he said.
The increased expenditure is because of more rentals of the lodge, explained Nancy Ritter, general manager. The HSB POA has been making about $5,000 a month in rental fees, she said. “We’ll adjust the budget to account for increased wear and tear, which is because of increased rentals,” she said. Quail Point Lodge is booked almost every weekend through October, Ritter added.
One property in the Cape will get a lien letter to precede a foreclosure notice because of failure to pay maintenance fees for three years, Ritter said. “We’ll see what that does before we send a foreclosure notice,” she said, adding that some properties are getting caught up after receiving letters from the HSB POA indicating the board is considering foreclosure.
“We do hundreds of lien letters for HSB POA properties; it’s unusual to do one for the Cape,” she said. “People don’t like having a lien on their property because that means they have to satisfy that lien before they can sell their property.”
After a 1998 agreement, the HSB POA board serves as the board for the Cape, a community on a peninsula jutting into Lake LBJ, north of Horseshoe Bay Resort.
Around 900 properties, representing about 10 percent of HSB POA lots, were delinquent on maintenance fees at last count in November. The Maintenance Fund will tally delinquencies again in April or May, Ritter said.
In other financial decisions, the board voted to raise the prices on several items.
The board voted to raise Quail Point Lodge rental fees for non-POA members. After discussion among board members about pricing, members decided non-POA members will pay 20 percent more than the POA members' fee of $1,000, or $1,250. The rental application will be changed to clarify a renter’s association with a POA member.
Additionally, the cost of yard lights required by the city will go from $320 to $350.
Nomination of
board members
Two of three possible candidates will be elected to replace outgoing members Tom D’Arcy, board president, and Carol Young, secretary.
For more on board member nominations, Mausoleum renovations and the Lighthouse Fund, see Friday's Highlander.
