You may be wondering what fees are associated with membership in the Stonebridge Ranch Community Association (SRCA). Below is a breakdown of the types of fees paid by homeowners in our community.
Each fall, following a lengthy review process involving our professional staff and the volunteers of the Finance Committee, the Board of Directors approves the annual operating budget and assessment fee. We’ve linked the 2021 budget summary here:
We are able to safeguard our shared assets, maintain daily operations, and meet our budget needs through the collection of annual assessments. For most homeowners in Stonebridge Ranch who pay the flat rate annual assessment, the 2021 fee was $840.
- Flat Rate. Per the SRCA Governing Documents, the Board of Directors may not raise this rate more than 5% each year.
- Tax Value. These homeowners pay an annual assessment which is calculated by multiplying a factor (X) by each $100 of assessed valuation (not to exceed the flat rate annual assessment fee for that year). Thirty years ago, the first lots built in Stonebridge Ranch were all tax value lots. Today, less than 8% of lots in our community are tax value lots. Eventually, all lots will be assessed at the flat rate. An original tax value lots transfer to the flat rate when the first homeowner sells the property.
The SRCA provides annual assessment statements by December 1 each year. Assessments are due January 1 and are considered past due if not paid by January 31. Homeowners may choose between several payment options if they set up a private online account with CMA, our professional management company. See the ‘How to Pay Assessments’ web page for detailed payment information. (In their online accounts, homeowners can also sign up to receive an e-statement by email, rather than relying on mail.)
Regardless of receipt of statement, failure to pay annual assessments by the due date can result in fines and legal fees. If residents have any questions about the annual assessment or statement, they can contact CMA’s corporate Customer Care team at 972.943.2828 or email@example.com.
Along with oversight by the Stonebridge Ranch Community Association (SRCA), some of our villages are also managed by sub-associations. The sub-associations oversee neighborhood-specific areas of management, such as street or landscaping maintenance.
Each sub-association assesses separate fees to their own homeowners each year. The sub-associations communicate directly with residents and may bill monthly, quarterly, or yearly. We do not list their fees, etc. at this SRCA website.
COMPLIANCE VIOLATIONS & FINES ON THE ACCOUNT
SRCA Compliance Coordinators inspect all properties throughout Stonebridge Ranch on a rotating schedule (approximately every two weeks). We send violation notices and assess fines in accordance with the SRCA Covenant Enforcement & Fining Policy. We encourage homeowners to call (214) 733-5800 as soon as possible if they have questions upon receiving a reminder notice about a compliance issue.
Please do not delay, as violations can lead to fines on the account and may prevent your participation at SRCA events or amenities. This can also impact renting tenants to whom the homeowner has transferred privileges.
GUEST FEES & RENTAL FEES
Residents may bring guests with them to the association pools for a nominal fee. Residents may also rent the Beach Club picnic pavilions or Community Room for a fee. Click the links below for details.