Each year, the Board of Directors meets to review the financial health of the association, plan for upcoming expenses and projects, evaluate savings plans, and approve the budget and assessment amount. The Board reviews this information carefully since the budget has such an impact on our neighbors, and the appearance and maintenance of the community.
After consideration of the economic environment and our financial position, the Board has made the difficult, yet necessary, decision to increase the assessment amount for the upcoming year. This is a notice to inform you that the annual homeowner dues (assessments) will increase 9.87% beginning January 1, 2023. The semi-annual dues are increasing from $167.47 to $184.00 per cycle (due January 1 and July 1) which is $368.00 per year.
For helpful information from our management company, SpectrumAM, on association expenses, paying assessments, and other topics, please visit spectrumam.com/homeowners/what-are-hoa-dues-for/, or login to your account and review the association’s budget, financials, and other information under the “For Homeowners” tab.
SpectrumAM offers multiple payment options:
Pay Online – Once you have registered your homeowner account, you will be able to make payments online. Simply visit www.SpectrumAM.com to log into your homeowner account/portal. You can make a one-time payment or set up recurring payments. To pay with a debit/credit card, our third-party processor (PayLease) accepts Visa, MasterCard, Discover and American Express. Paylease does charge a small convenience fee (3.5%) if you choose to pay by debit/credit card and a $1.99 fee for each e-check/ACH payment.
Pay by Phone – To pay by phone using a debit/credit card, call 1-877-342-6233. Agents are available from 8 a.m. to 5 p.m., Monday through Friday.
Pay by Mail – Check or money order payments can be mailed to SpectrumAM; checks and money orders should be made payable to Creek Hollow (Richardson) Homeowners’ Association and mailed to Spectrum Association Management, P.O. Box 299008, Lewisville, TX 75029.