Is The Summit's HOA Running Out of Money?

One of three islands in Barony Place II

Is the HOA running out of money? Is that the reason that the irrigation and landscaping problems in Barony Place II have dragged on and on for at least three years?

On July 8, 2024, I emailed Danny Trapp, Chair of the Landscaping Committee (and President of the HOA).

The three islands in Barony Place II were wrecked by an ice storm about 3-4 years ago. Bushes and trees were removed, and the grass has gone without water. The entrance at Barony Place Drive has been almost abandoned, too. Photo is of island between 44-46 Barony Place Circle today.

Forty-six homes pay $510/year in dues, for a total of $23,460/year. This is over $70,000 in dues for three years.

Is there a chance that the Landscaping Committee could spend some of that money to bring back some beauty to this Neighborhood? When will watering resume?

I expected Danny to reply. This is July 18, and he has not replied. Will he? Actually, I didn't "expect" him to reply, because he hasn't replied to any other email from me.

As of 5/31/2024 the HOA had $1,013,884.20 in Reserves. 

It has another $532,487.35 in Operating Funds, although the average monthly operating expense is $116,383. This means surplus Operating Funds of $400,000.

So, money isn't the problem.

What IS the problem? Inexperience? Lack of knowledge? Fear of making a mistake? Not making a plan, and then following the plan?

Are those reserve funds allocated to future projects? Or is it just one big pot of money?

What is the "monumental hurdle" facing the HOA financially? (Danny in the May 2024 Summit Scoop)

Years ago someone said to me: "He (that anonymous 'he') isn't doing anything wrong. He isn't doing anything, and that's what is wrong."

The Board is required to keep up the Common Properties. All they all terrified to spend any money?

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