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Assessment Increase
Published: September 21, 2023
On November 17, 2023 the Board of Directors reviewed all estimated budget expenses for 2024 and unanimously voted to increase the 2024 assessments, as the current assessment rate is not sufficient to sustain the Association’s operating budget.
The Board of Directors approved an increase effective January 1, 2024; assessments will increase from$360.00 annually to $395.00 annually. Payments for your assessments will be due January 1st, 2024, in the amount of $395.00.
8.4.1. Regular Assessments. Regular Assessments are based on the annual budget. Each Lot is liable for its share of the annual budget. If the Board does not approve an annual budget or fails to determine new Regular Assessments for any year, or delays in doing so, Owners will continue to pay the Regular Assessment as last determined. If during the course of a year the Board determines that Regular Assessments are insufficient to cover the estimated common expenses for the remainder of the year, the Board may increase Regular Assessments for the remainder of the fiscal year in an amount that covers the estimated deficiency. Regular Assessments are used for common expenses related to the reoccurring, periodic, and anticipated responsibilities of the Association…
If you have auto pay set up with your bank, please be sure to notify your bank of the change prior to the January 1, 2024 effective date.
Should you have any questions, please contact Essex Association Management, L.P. by visiting your association website www.travisranchhoa.com and following the prompts to submit a web submission under the “Contact Us” tab.
Click here to download and read the Travis Ranch 2024 Assessment Increase Letter
Travis Ranch HOA
