As you may or may not know, Newport Villas was set up by Martin Van Wolfswinkel as a private community with an intended active HOA. As a private community, the city of Ft. Worth is not responsible for maintaining the streets and road signs and have clearly communicated to us several times that they will not fix the streets or install new signs. This maintenance is up to the homeowners and HOA of Newport Villas.
Martin has registered the HOA with the city and upon closing all homeowners would have signed paperwork acknowledging the HOA. However, Martin has not collected any dues over the years and therefore there is no money for our community to cover the costs needed to make the much needed repairs to our roads.
This GoFundMe is set up to raise the initial funds needed to activate the HOA independent from Martin once he releases this duty to the homeowners. With our HOA active and established, not only will we be able to make road and other repairs to the community, but we can also start making our neighborhood a great place with extra parking, walking trails, nice landscaping, and maybe even that pool Martin always promised!
Some of our initial quotes for starting the HOA include:
- $1750 for Algonquin Property Management admin setup fee.
- $2000 for reserve study. This study will survey the Newport Villas property and identify the cost all needed repairs as well as other items which would be nice to have such as walking trails and parks. The study will also identify the future costs for maintaining everything in the community.
At the community lunch we were able to raise $700 from 11 different households so that has been subtracted from the two amounts above. In addition to the above there may be additional legal fees incurred in the set-up of the HOA. If you have any questions please contact Cindy Pennington or Cathy Cooper. Thanks!
- Lolita Williams
- DAnne Carson
- Ericka Black
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