Past News

• 2018 Financial Review & 2019 Monthly Assessment

  Published: October 30, 2018

  The 2018 budget anticipated 105 new home closings in 2018. There were only 30 closings. This created a budget shortfall, which resulted in the Declarant having to pay for several large expenses. The declarant paid for leak repairs to the amenity center, stone repairs to 20 homes and common walls, and the painting of 17 homes. The total paid by the Declarant to support the HOA cash shortfall was $53,000. As our community ages and requires more and more funds to operate, it is important for the HOA to become cash self-sufficient and have enough funds in the Reserve and Operating accounts to meet current and unexpected expenses. Click Full Story to read more.

  Full story

• Important News from Shops at Prestonwood

  Published: October 30, 2018

  We recently met with the City of Carrollton Police Department regarding traffic issues in the community. As we are building more homes in the community, traffic will continue to increase and cause problems. According to the City and our CCR, vehicles are required to leave at least 10 feet of clearance on all streets to allow for emergency vehicles to get through. We have had two incidents, recently, where firetrucks could not get down a street due to an excessive number of cars parked on either side of the street. Click Full Story to read more

  Full story