Wow, what a great Christmas present!! My Woodlands Association fees assessment rate dropped by 66.7%. In real money that means my fees dropped from nearly $800.00 annually to $282.00. Now that is something to celebrate!!
Why did the Board of Directors lower the association fees so significantly? Two reasons. The first was the due to the results of the November 6, 2007, election whereby voters approved the expansion of the boundaries of The Woodlands Town Center Improvement District, now called The Woodlands Township. The Woodlands Township will now provide a portion of sales taxes collected to funds items previously funded by the property owners assessment fees. Second, as a result of the voters granting The Woodland Township authority to reconstitute its Board of Directors so that member are elected at large throughout the expanded Township as well as the authority to levy a property tax, The Woodlands Community Association plans to transfer its operation and associated rights and responsibilities to The Woodlands Township as of January 1, 2010. In anticipation of this transfer, The Woodlands Community Association Board of Directors made the decision to return cash reserve assets currently held by the association to the property owners in the form of substantially reduced assessment rates for 2008 and 2009.
That November 6th vote was also the first step in allowing The Woodlands to become its own city/town. Best of all, it protects The Woodlands from ever becoming part of the City of Houston.
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