Proposed Monthly HOA Budget
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e Presenting
e
Villas of Lost Canyon
located at
1529 Barton Springs Road
Austin, Texas
at the corner of Barton Springs and Kinney Avenue.
Proposed Monthly HOA Budget
| Expense Item |
Total Monthly Assessments |
| Misc. Repair and Maintenance Common Area | $55.00 |
| Meter Reading | $30.00 |
| Postage | $12.00 |
| Lock and Key | $5.00 |
| HVAC Filters | $35.00 |
| HVAC Maintenance | $40.00 |
| Fire Extinguisher Inspection | $10.00 |
| Permits and Licenses | $20.00 |
| Insurance | $425.00 |
| Management | $240.00 |
| Professional Fees | $30.00 |
| Trash Removal | $80.00 |
| Pest Control | $50.00 |
| Landscape Replacement/Color | $80.00 |
| Landscape Maintenance | $562.50 |
| Fire System Phones | $83.00 |
| Front Gate Phone | $35.00 |
| Gas Utilities | $50.00 |
| Water/Wastewater
Utilities (for common area landscape and buildings only, this expense remains after homeowner's reimburse their sub-metered portions) |
$500.00 |
| Electric Utilities | $200.00 |
| Sprinkler Maintenance | $25.00 |
| Porter | $125.00 |
| Light Bulbs/Electrical | $50.00 |
| Janitorial | $175.00 |
| Replacement Reserves | $100.00 |
| Total Monthly Assessments: |
$3,017.50 / 12 Units = $251.46
monthly per Unit |
Also collected at closing will be an amount equal to two months of the above regular assessment to fund the Working Capital Fund.
According the the Declaration of the
Villas of Lost Canyon HOA
section F.11: WORKING CAPITAL FUND
"Declarant will establish a working capital fund for the Association in an
amount that is at least equal to two (2) months of Regular Assessments for all
Units. Each Unit's contribution to this fund will be collected from the
Purchaser when the sale of the Unit closes. Contributions to the fund are
not advance payments of Regular Assessments are are not refundable...."
Homeowner's Association professionally managed by:
512-467-1699