Throwback Thursday

2007 12 echo cover

A decade ago, the December 2007 echo headline was “Congratulations, Bent Tree We Did It!”.   The article was written by a board member who was wrapping up his three year term (2005-2007).  Incidentally, that same person is coming back on board next month to serve another three year term (2018-2020).  The following is an excerpt from the article:

“Wow! Did you ever respond! For almost two years, the Ad Hoc Committee on CC&R Review has been studying our CC&Rs along with a huge stack of like materials, seeking those issues within our documents which impede our ability to maintain and enhance the value of our properties.  In October, after review of our proposals by the Board of Directors, the Board authorized a referendum of all property owners, seeking their opinion on two proposals: 1-establish an annual assessment to be used exclusively for Capital Maintenance and Replacement, and 2-reduce the quorum requirement of property owners voting from 51% to 33%. This measure would reduce the cost of conducting a vote on proposed amendments.”

Both amendments passed.  The Capital Maintenance and Replacement Assessment amendment was approved with 79.7% of votes cast being “yes”.  The amendment that lowered the required quorum was approved with 73.4% of votes cast being “yes”.

1 LOT + 1 LOT = 1 LOT

Two adjacent lots in Bent Tree are being offered for sale, each with an asking price of $15,000.  There are different owners for the two lots, but the listings explain that if a buyer purchases both, the two lots can be combined into a single lot covering 1.08 acres.  Once combined, the owner would just have to pay one assessment. Click here and here for the two listings.

Bent Tree Community, Inc. has allowed lot combinations for years, but 2016 saw a major change in the assessment structure for combinations.  One of the CC&R amendments passed in 2015 (and effective beginning 2016) meant that lots would be assessed the same amount, no matter how big they are.  For example, a 3 acre lot is now assessed the same amount as a ½ acre lot.  Prior to the CC&R change, most lot combinations were assessed one full assessment plus 50% of a general assessment for each additional lot in the combination.

Fairway Drive lots

Listing photo for lots on Fairway Drive