Fees collected are used for common property insurance for entrance signs, officer and event liability insurance, and landscaping for the common areas at both the Val Verde Drive and Centennial Road entrances, and the Val Verde Drive round-a-bout near 97th Street. Some funds are also set aside for neighborhood events.
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The HOA Board of Directors regularly report on the financial health of HOA finances in order to transparent on exactly where the mandatory annual fees are being spent. The Accountants issue quarterly financial reports which are posted on this page. Copies of the financial reports are available for download (Requires Adobe Acrobat Reader). If needed, paper copies of meetings minutes are available from any current HOA board member.
The By-Laws require an annual meeting and board election by association members. Meetings are held annually on the fourth Monday in January at Portal Elementary School Media Center beginning at 7:00 pm. Meetings are announced via mail, social media, and signs posted at north and south east entries to the neighborhood.
The Covenants to the Val Verde Subdivision requires that all homeowners become members of the Val Verde Homeowners Association (HOA). All HOA members are required to pay an annual assessment to cover the costs of shared space, signage, and utilities. Special assessments are sometimes required to cover unforeseen and extraordinary expenses.
Pay Dues Here
Click on the link below and follow the instructions.
Late fees are considered payments received after the due date. A late notice will be sent and the late fee will be assessed at the date of mailing. If payment is not received within 30 days of the first notice a second late notice will be sent and an additional late fee will be assessed at the date of mailing. If payment is not received within 30 days of the second notice a lien will be placed on the property and all associated fees will be passed on to the property owner.
Val Verde Homeowners Association