SPRING CREEK – Should Spring Creek become its own city? Or should it remain a homeowners association? What would the financial pros and cons be transitioning from an HOA to an incorporated town?
Property owners are invited to a workshop and special meeting of the Spring Creek Association Board of Directors, 9 a.m. to noon, Saturday at the Fairway Community Center.
Key findings from Hansford Economic Consulting (HEC) include financial and governance comparisons between the current HOA and a possible incorporation or general improvement district, said SCA President Jessie Bahr.
Subjects including autonomy, ease of formation, ease of administration, sources of revenue, authority to issue debt and governance will be presented during the meeting, said Bahr.
“We hope we get a large turnout,” said Bahr, who added that residents’ questions and comments are highly encouraged to ensure all important items are included.
The length of workshop depends on how many homeowners attend, Bahr said, however this is not the only meeting to discuss the HOA’s future.
“There will be many additional meetings to receive feedback and questions from the community,” added Bahr.
Bahr raised concerns to residents last year about Spring Creek’s future and initiated discussion as the HOA is set to expire in 2033.
Options for Spring Creek to be an incorporated town or a general improvement district would be reviewed, said Bahr in 2016 when discussion into the matter began.
“The Spring Creek Association was concerned that due to the significant expense of maintaining the Association roads and facilities/amenities, improvements were being deferred,” said Elysia Ulrich, junior economist for HEC, an organization retained by SCA to explore its options.
“If it is decided we want to move forward and not stay an HOA, this would go to a vote of the members to decide as well, not just the seven-member board,” said Bahr.
Fairway Community Center is located at the Spring Creek Golf Course.
For more information, contact Bahr at 753-6295.