TRACE RIDGE HOMEOWNERS 1 PERSON PER HOME/LOT IS ONLY ALLOWED TO SIGN PETITION.  NO RENTERS. THANK YOU. 

Hi, my name is Malinda Bell. I am a proud homeowner in the Trace Ridge Subdivision, Fort Worth, TX having lived here for over 15 years. The decision by our Homeowners Association Board (HOA) to raise our annual fees from $375 to $450 in 2024 has left many of us concerned. This increase of $75 may seem insignificant on paper but considering the current inflation rates and economic climate it will contribute positively towards our shared spaces. The proposed fee hike seems unnecessary when taking into account that our HOA should be able to operate on an annual budget of approximately $171,375 this being the total income collected from all homeowners. 

Moreover, it's worth noting that we have reserve funds amounting to $172,649 which are meant for unexpected expenses. It begs the question why such a drastic increase is necessary when there are substantial reserves available. 

We urge the Trace Ridge (HOA) Board to reconsider this decision and explore other avenues for managing costs without imposing additional financial burdens on homeowner. If necessary, an audit should be conducted on the Management Company by a third-party to ensure transparency and proper management of funds. Let Homeowner have their right to Vote!

We Homeowners VETO the Annual Fees increase by the HOA Board. 

Per 

PROPERTY CODE

TITLE 11. RESTRICTIVE COVENANTS

CHAPTER 209. TEXAS RESIDENTIAL PROPERTY OWNERS PROTECTION ACT

Sec. 209.0051.AA OPEN BOARD MEETINGS.

(h) Except as provided by this subsection, a board may take
action outside of a meeting, including voting by electronic or
telephonic means, without prior notice to owners under Subsection
(e), if each board member is given a reasonable opportunity to
express the board member ’s opinion to all other board members and to
vote. Any action taken without notice to owners under Subsection
(e) must be summarized orally, including an explanation of any
known actual or estimated expenditures approved at the meeting, and
documented in the minutes of the next regular or special board
meeting. The board may not, unless done in an open meeting for
which prior notice was given to owners under Subsection (e),
consider or vote on:

(1)fines;
(2)damage assessments;
(3)initiation of foreclosure actions;
(4)initiation of enforcement actions, excluding
temporary restraining orders or violations involving a threat to
health or safety;
(5)increases in assessments;
(6)levying of special assessments;
(7)appeals from a denial of architectural control
approval;
(8)a suspension of a right of a particular owner
18
before the owner has an opportunity to attend a board meeting to
present the owner ’s position, including any defense, on the issue;
(9)lending or borrowing money;
(10)the adoption or amendment of a dedicatory
instrument;
(11)the approval of an annual budget or the approval
of an amendment of an annual budget;
(12)the sale or purchase of real property;
(13)the filling of a vacancy on the board;
(14)the construction of capital improvements other
than the repair, replacement, or enhancement of existing capital
improvements; or
(15)the election of an officer.
(i)This section applies to a meeting of a property owners ’
association board during the development period only if the meeting
is conducted for the purpose of:
(1)adopting or amending the governing documents,
including declarations, bylaws, rules, and regulations of the
association;
(2)increasing the amount of regular assessments of
the association or adopting or increasing a special assessment;
(3)electing non-developer board members of the
association or establishing a process by which those members are
elected; or
(4)changing the voting rights of members of the
association.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1026 (H.B. 2761), Sec. 3,
eff. January 1, 2012.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1183 (S.B. 1168), Sec. 8, eff.
September 1, 2015.
Acts 2021, 87th Leg., R.S., Ch. 951 (S.B. 1588), Sec. 12,

Please sign this petition if you believe in fair treatment and transparent financial practices within our community. Your signature can make a difference.