What is an HOA? A Homeowner Association (HOA) is a private association usually formed as part of a residential subdivision and designed to maintain common areas and preserve the shared benefit, safety, and enjoyment of residents. Mountain Ranch Property Owners Association is an HOA.
HOAs are diverse in size and form. MRPOA’s primary concerns include managing its common, public spaces and shared irrigation system, not the property of individual owners.
Dues
Those who purchase property within an HOA’s jurisdiction automatically become members and are required to pay dues, known as HOA fees. Determined by the Board of Directors based on a careful assessment of HOA needs, dues generally include two funds: an operating fund and a reserve fund. The operating fund covers the operating expenses of the association. A reserve fund pays for the infrequent and expensive common area assets maintenance, repair and replacement costs. The reserve fund is crucial for reducing the chances of a special assessment.
Transfer fees
In 2020, the MRPOA Board of Directors voted to assess a $150 transfer fee for new property owners, at the time of purchase.
Meetings
ANNUAL MEETING
The MRPOA has one annual meeting per year in early February. Homeowners receive an email about the precise date and location several weeks in advance. Since 2021, the annual meeting has been conducted via Zoom.
ANNUAL PICNIC
The annual picnic in the MRPOA park brings families together for a potluck, socializing, and games for the kids. It’s a chance to get to know your neighbors better.
BOARD OF DIRECTORS
The Board of Directors meets once a month online. Homeowners are welcome to attend, but should notify the board first and advise the board of the issue they wish to discuss so that it may be included in the agenda. Minutes of BOD meetings are available upon request; simply contact the secretary or any board member.