| FACTS ABOUT POINT VENTURE TOWNHOUSES, INC.
Point Venture Townhouses, Inc. is a non-profit corporation comprised of the townhouse owners at Point Venture.
The Point Venture Townhouses, Inc. is operated by a Board of Directors, which sets policies regarding the financial, administrative and physical operation of the community, and assign the day-to-day operations and planning to an operational staff.
TABLE OF CONTENTS
WHAT’S THE PURPOSE OF THE TOWNHOUSE ASSOCIATION? Top
The purpose of Point Venture Townhouses, Inc. is to serve your needs relative to your townhouse investment, including the special needs associated with those that are absentee owners. The organization is governed by a set of By-Laws and an elected Board of Directors who are townhouse owners and serves staggered terms of three years. The volunteer leadership provided by the Board includes direction of the organization’s various activities and the paid staff of Townhouses, Inc. The staff is the primary resource for minor maintenance, maintenance on landscaping, and overview of the 191 townhouse lots and 191 townhouses at Point Venture. The board, working with the paid staff, prepares a budget and a program of work each year. Budget funds are provided by monthly dues and, when necessary, by special assessments for specific purposes.
MUST I JOIN THE HOMEOWNERS ASSOCIATION?
Yes, once you purchase a townhouse you are automatically a member. Point Venture Townhouses, Inc. is not affiliated with the Point Venture Property Owner’s Association (PVPOA), formerly known as Venture Yacht and Country Club or the Travis County Water Control and Improvement District, Point Venture (WCID). You are also within the jurisdiction of the Village of Point Venture and obligated to follow the various ordinances of the Village.
Since your townhouse is at Point Venture, you must also joint the PVPOA, which again happens automatically with your purchase of property in Point Venture. As such, you are required to comply with the Declaration of Covenants, Conditions, and Restrictions; the By-Laws; Community Rules (presented in the form of the Handbook); and decisions and resolutions of the Point Venture Townhouses, Inc. or its duly authorized representative.
WHAT DO I OWN? Top
Your lot, your townhouse, and all improvements to that townhouse. If your townhouse address is on Lakepoint Cove you own your lot which extends from the street to an area very near the water directly behind your townhouse. Townhouses on Venture Blvd. S. with addresses in the 500’s have lots that extend from the street to roughly 25 or 30 feet (depending on the lot survey) behind the townhouses. If your address is on Comanche Drive, Comanche Lane, in the 200/300 range of Venture Blvd. S. or on Demarett Drive you own the townhouse and the ground it sits on. To determine the exact boundaries, attention should be paid to the survey done at the time of purchase of your townhouse. All owners also own, as part of the association, the common areas between townhouses and around the tennis courts located in common areas adjacent to townhouses on Venture Blvd. S. (200/300) and on Comanche Drive. Since you are also a member of the PVPOA you own a share of the other common areas and improvements to those areas completed under the supervision of the PVPOA. (Owner and lot are defined in the deed restrictions.) This information is given as a guide and not a legal representation of exactly what you own.
WHAT DO I GET FOR MY $85.00 MONTHLY HOMEOWNERS ASSOCIATION DUES? Top
Includes trash can maintenance at provided shared screens and pick up service for miscellaneous trash not accepted by the Trash Company.
COMMON AREA EXTERIOR LIGHT MAINTENANCE
Keeping all lights operational and in good condition.
KEY AND LOCKOUT EMERGENCY SERVICE
EXTERIOR MAIL BOX MAINTENANCE
EXTERIOR CONTROL OF FIRE ANTS, WASPS AND OTHER INSECTS
WATER, HEAT, AIR TURN ON/OFF WHEN REQUESTED**
WINTERIZATION & FREEZE PROTECTION OF TOWNHOUSES WHEN REQUESTED**
LANDSCAPE AND COMMON AREA MAINTENANCE
To include cleanup, brush cutting, shrub and tree trimming on a routine basis and after storms.
MOWING AND FERTILIZING OF LAWNS AND COMMON AREAS
LAWN AND COMMON AREA WATERING IN SEASON
PROVIDE EMERGENCY RESPONSE FOR SEWER PROBLEMS AND OTHER EMERGENCY CONDITIONS IF STAFF AVAILABLE
PERIODIC INSPECTION OF COMMON SEWER LINES TO DETECT ANY LEAKS OR CLOGGING
COOPERATE AND ASSIST TOWNHOUSE OWNERS TO THE FULLEST EXTENT POSSIBLE IN ACCORDANCE WITH DEED RESTRICTIONS
DO REGULAR INSPECTION OF ALL TOWNHOUSE EXTERIORS IN ORDER TO PLAN AND CARRY OUT CURRENT MAINTENANCE REQUIREMENTS AND TO ASCERTAIN IF DEED RESTRICTION VIOLATIONS ARE OCCURRING
Such as fire safety violations & architectural non-compliance. The townhouse owner will be notified of any conditions needing attention by the PVTI office.
INSPECT TOWNHOUSE INTERIORS ON A MONTHLY BASIS IF REQUESTED BY ABSENTEE OWNER**
PERIODIC ROOF INSPECTION FOR POSSIBLE DETERIORATION OR DAMAGE
ANNUAL TERMITE INSPECTION AND TREATMENT AT MINIMAL COST **These services will require a liability disclaimer form be on file from the owner
HOW DO I PAY FOR MY SHARE OF THE COMMON EXPENSES? Top
The Board of Directors prepares an annual budget. The budget is presented during the fourth quarter and approved at the January meeting in the year it is to be implemented.
The deed restriction gives the Board of Directors the authority to increase the monthly assessment or dues a maximum of 10% per year without polling all owners. The last increase in fees was in February 2017. An increase greater than 10% requires an affirmative vote of 2/3 of the members who are voting in person or by proxy at a meeting duly called for this purpose.
Each month you will receive a statement by mail or email. Fees are considered due and payable on the first and delinquent after the 20th of the month billed.
WHAT IF I FAIL TO MAKE MY MONTHLY ASSESSMENT? Top
On the 25th of each month a penalty of $25.00 is charged to all non-current accounts. A notice of delinquency is indicated on your monthly statement if the assessment has not been paid by the 25th of the month (this is so stated on your statement). The account will be turned over to the association’s attorney, if it is more than 120 days past due, a lien is automatically filed and foreclosure proceedings will be initiated.
HOW CAN I PARTICIPATE IN THE GOVERNING OF THE ASSOCIATION? Top
Attend all homeowners meetings; volunteer for a committee, read your newsletters and other communications.
You may run for the Board of Directors. Elections are held each year starting in May and culminating in the election and vote tally in July. Make your interests known through your participation at board meetings and community events.
WHEN AND WHERE DOES THE BOARD OF DIRECTORS MEET AND WHO MAY ATTEND? Top
Director’s meetings are held quarterly at 9:00 a.m. the third Saturday of January, April, July and October. The General Membership Meeting in July is also held on the third Saturday. You are encouraged to attend these meetings and to present your concerns or suggestions. Also, you are urged to participate in the election of the board members each July.
WHAT MAY I DO TO MY HOME AND LOT? Top
Paint, repaint, tile, paper, panel, and other decorative improvements to the interior surfaces of the walls, floors, ceilings, windows, and doors of your own home.
ARCHITECTURAL CONTROL Top
Townhouses, Inc. is responsible for architectural control of all member townhouses at Point Venture. Any proposed alteration, remodeling, painting, or other work that changes the exterior of the townhouse in any manner, whether visible or not, must be approved by the Townhouses, Inc. Board of Directors. It is a generally accepted premise that any proposed change must be compatible with the existing appearance in architectural asthetics, building materials, and color before such approval is granted.
STRUCTURAL MODIFICATIONS Top
You are reminded that any modifications or alterations that would change the external appearance is prohibited by Deed Restriction unless approved, in advance, by the Point Venture Townhouses, Inc. Board of Directors and the Point Venture Architectural Control Committee; and organization separate and distinct from both Townhouses, Inc. and PVPOA.
Plans and specifications for such proposed improvements, changes, alterations, and/or modifications must be submitted at least forty (40) days in advance of the proposed construction to the office of Point Venture Townhouses, Inc. for review.
Within sixty (60) days following submission of the Plans and Specification, Townhouses Inc. will review, make their recommendation, and forward same to the Point Venture Architectural Committee for their review and approval or disapproval. The decision of the Architectural Control Committee is final and binding; there is no right of appeal to any other organization at Point Venture.
In event the PVACC fails to take action on the proposed improvements, changes, alterations, and/or modifications within sixty (60) days following their submission to them by Townhouses, Inc. you may consider the Plans and Specifications approved and proceed with your construction.
Should you commence construction prior to receiving approval/disapproval of the ACC, you may have to return the exterior of your townhouse to the same shape and configuration as that which existed prior to start of construction or obtain approval from the Point Venture Architectural Control Committee. Without prior approval you risk creating a project which will not receive approval.
Point Venture Townhouses, Inc. currently has Board Directors serving on 4 committees which includes: Architectural Control Committee, Landscape/Maintenance/Common Areas Committee, Deed Restrictions Review/By-Laws Review/Legal Compliance Review Committee, and Financial Committee. Members are welcome to join and serve on these committees.
Insuring a townhouse is a little different than insuring a typical home because you don’t own the entire building. Unlike covering a house, townhouse ownership requires two separate policies.
1. Master Policy
Point Venture Townhouses, Inc. maintains a master policy insuring all improvements on the Common Property and on the Townhouse lots (structures) and physical damage coverage for areas of the building that you share with neighbors such as roofs, common walls, etc. This insurance covers loss or damage by fire or other hazards, including extended coverage, vandalism, and miscellaneous mischief. The master policy covers individual units, as they were originally built.
All townhouse owners must carry their insurance under this master policy. The cost of this insurance is not included in monthly dues. The townhouse master policy is renewed each May. The cost per townhouse owner is billed as a special assessment on the May statement. The Association Master Policy covers only the structures and common areas. It is suggested that the owner contact an agent regarding personal coverage for both liability and for contents.
Per Bylaws Section 7.10 – Master policy property insurance covers all insurable improvements on the Common Property and on the Townhouse Lots, including all improvements and betterments thereto, covering loss or damage by fire or other hazards, including extended coverage, vandalism, and malicious mischief, in an amount sufficient to cover the full replacement cost of any repair or reconstruction in the event of damage or destruction from any such hazard; and such other insurance in such limits as it may deem desirable insuring each member and the Corporation against liability in connection with the common areas and its activities and functions.
2. Personal Policy
As the owner of a townhouse, it is your responsibility to purchase a policy that will cover your furnishings and personal belongings. If you make improvements, you will want to be sure they are covered under your individual policy. Personal policies cover third party injury liability; property damage possibly caused by you; loss of personal possessions and loss of structural improvements.
MAINTENANCE AND REPAIRS Top
MAINTENANCE OF EXTERIORS is the responsibility of each owner. When it is necessary for projects such as full painting of the exteriors or roofing, the Board may determine the share to be paid by funds from the Townhouses, Inc. budget and by townhouse owners. These individual assessments are held to the lowest figure possible without compromising the overall mission of keeping our investments in first class shape. STAIRS AND DECKS are the responsibility of the individual townhouse owner. This recognizes the differences in floor plans and townhouse owner’s preferences concerning appearance (e.g., some owners may want painted decks, while others may prefer a natural look with redwood or some other material). However, rails bordering decks and the balusters or pickets must be painted or stained a color consistent with the exterior of the townhouse. Iron railings are permitted.
EXTERIOR – At the townhouse owner’s request, Townhouses, Inc. will make minor repairs at a minimal charge to the townhouse owner. The homeowner will be informed if the repair is billable and the billable rate will be $45.00 per hour, plus cost of materials. The owner should contract extensive repairs directly with a qualified contractor (see Use of Contractors below).
THE ASSOCIATION MAINTENANCE STAFF DOES NOT MAKE REPAIRS ON AIR CONDITIONING, HEATING, OR APPLIANCES SUCH A WASHERS, DRYERS, DISHWASHERS, DISPOSALS, ETC.
INTERIOR – Townhouse owners are responsible for interior repairs. If Townhouses, Inc. maintenance is requested to do minor repairs not covered in our services, the homeowner will be billed at $45.00 per hour, plus materials.
USE OF CONTRACTORS – The Townhouses, Inc. office maintains a list of outside contractors (electrical, heating/air conditioning, plumbing, structural, etc.) who can provide services and are requested to provide a current certificate of liability insurance. While the office will furnish names of contractors needed for a specific type of repair, we are not in a position to recommend any one contractor over another. Individual townhouse owners are responsible for the employment of the outside contractor and for making arrangements for the work to be performed and the amount to be paid.
GROUNDS MAINTENANCE – Involves general policing of the townhouse common areas including mowing, planting of shrubs, etc. Yard lights are also replaced as necessary. However, the common areas surrounding the tennis courts are not the responsibility of Townhouses, Inc.
OTHER PROGRAMS AND SERVICES Top
Townhouse owners’ responsibilities are to adhere to appropriate rules, regulations, bylaws, and deed restrictions. Participation of owner-members in the various activities of the organization is strongly encouraged.
The organization carries out a number of standing programs, which are altered or redirected from time-to-time in a continuing effort to be responsive to townhouse owners’ needs. A brief description of these programs follows:
QUARTERLY PEST CONTROL is an optional service provided at the request of the owner. A commercial service is available through the townhouse office for a small fee, currently $21.65 quarterly.
A separate contract provides annual inspections of all townhouses for termites. If needed, they will also provide treatment immediately during and/or after the inspection. This inspection is usually scheduled during September or October. The cost for this may be passed on the homeowner at the discretion of the board. If an inspection is required for the sale of a home, Townhouses, Inc. is not involved but the owner may call the contractor to provide inspection certificates.
The Townhouse, Inc. staff will act on an emergency basis in order to protect property and lives. If your property is involved, every attempt will be made to contact you but emergency action will not be delayed. To deal with such emergencies it is required that the Townhouses, Inc. office have a set of keys for each townhouse. Our employees are bonded and Townhouse, Inc. is insured.
MISCELLANEOUS RULES Top
(Including amenities operated by the PVPOA)
WHO MAY USE THE POOL, TENNIS COURTS & EXERCISE ROOM? Top
All residents and their guests. Everyone is expected to observe the pool, exercise room and tennis court rules, which are posted. There are also specific requirements for using for the recreational facilities for private parties and gatherings. Access cards are provided by PVPOA and are required for entry to the pool, exercise room and Point Venture private park.
No one under 12 years of age is allowed to use the pool or exercise room at any time without an adult supervisor (18 or over). You are asked not to bring glass containers into the pool area and pets are not allowed in the pool area.
WHO PAYS FOR MY UTILITIES? Top
You will get a utility bill from the Pedernales Electric Co-op for the electricity. You will get a usage bill from Travis County – WCID for water and wastewater for your home. Keeping the plumbing for your home in good repair helps conserve, and thus reduces your monthly expenses.
The Association pays for common area electricity and water.
Other companies that provide service in Point Venture include: AT&T Telephone and Time Warner Cable. The miniature dish that Direct TV and Dish Satellite Service provide is allowed to be installed on your townhouse but not on the shingled roof.
CAN I HAVE MY FAMILY PET WITH ME? Top
Yes, but not at the pool! You may keep your pet in your home. If the pet is allowed outside it must not be left unattended or tied in common areas. Your pets are subject to all normal city regulations which basically means that they should be leashed at all times and in consideration for your neighbors, clean up after them immediately.
WHAT ABOUT PARKING? Top
Point Venture is designed for two cars per townhouse. Your cooperation is extremely critical in this area, especially in the summer months. Parking becomes critical and consideration should be given to your neighbors. Store boats and their trailers properly and do not park them in front of or behind townhouses. No permanent parking of boats and trailers is permitted.
CAN I RENT MY UNIT? Top
Yes. All rental agreements and leases must be made subject to the Declaration, Rules and Regulations, and By-Laws of this association. You are responsible for any damages or violation by your tenants. Be sure your tenants know all the rules. A copy of this book would be very helpful. They are available from the townhouse office.
POINT VENTURE TOWNHOUSES, INC. RULES and POLICIES Top
Compliance with the Rules and Regulation, Deed Restrictions and Bylaws of Townhouses, Inc. is required of all owners, tenants and guest(s) and said compliance is the sole responsibility of the townhouse owner. Complaints about violations of association rules may be made in writing in care of Point Venture Townhouses, Inc., 551 Venture Boulevard S., Point Venture, TX 78645, or by phoning the association office at (512) 267-1643.
The rules have been prepared by your elected Board of Directors and reviewed by legal counsel. The rules were prepared with community in mind and to provide the largest portion of the owners and residents with a pleasant, safe community.
The amended Deed Restrictions for all sections of townhouses allow the assessment of fines. The association’s decision to assess fines was not to offset expenses of the association but to encourage the elimination of the violations. The Board of Directors approved the assessment of fines January 20, 1996. Fines may be assessed as listed below. The violations, as reported, will be reviewed by the Board of directors and owners in violation will be given the opportunity to present his/her position on the issue, at a hearing, immediately after the next scheduled Board meeting after notice of the fine and prior the actual assessment of the fine.
II. Endorsement of Insurance Checks
Any owner who is co-payee on any insurance check on which the Association shall be a co-payee shall endorse the check to the account of the Association and return the endorsed check to the Association within ten (10) days of presentment of the check to the owner. If the owner fails to do so, the Association may levy a sanction against the owner in an amount equal to the sum that the Association is expected to spend on the repairs, plus an additional sanction equal; to 1.5% of that amount, for each month in which the owner continues to fails to endorse the check and return it to the Association.
III. Architectural Control
No improvement, modification or alteration shall be made, or commenced without obtaining written approval of both the Townhouses, Inc. Board of Directors and the Point Venture Architectural Control Committee. This procedure is outlined in the Community Handbook & Rules.
IV. Tree Cutting
No cutting or trimming of trees in the common areas is allowed without prior permission from Townhouses, Inc. Cutting of Oak trees may carry a fine of $2,500 per tree.
V. Decks, Balconies, Common Areas
1. Decks, patios, and balconies must be kept neat in appearance.
2. Overnight camping is prohibited on any of Townhouse, Inc. common areas.
3. Clotheslines and the hanging of towels and garments from railings, fences, lawn and patio furniture in view either in front or behind townhouses is prohibited.
4. Decks, patios, common areas are not to be used for visible storage of boxes, cleaning utensils, lumber, bricks, cans or buckets, unused furniture or appliances, pipe, paint, gasoline, bicycles, tools, building materials, or other similar items.
5. Permission must be obtained from Townhouses, Inc. prior to erecting any radio or television antenna.
6. Dumping of trash of any kind, including tree and shrub trimmings, is strictly prohibited on Townhouses, Inc. common areas.
7. Garbage and trash must be placed in trash containers provided by the contractor serving Townhouses, Inc.
VIOLATION OF THE ABOVE AREAS WILL NOT BE CONSIDERED FOR A FINE UNLESS THE SAME VIOLATION APPEARS TWO (2) TIMES DURING A THIRTY (30) DAY PERIOD. SHOULD IT BE NECESSARY TO ASSESS A FINE, THE AMOUNT WILL BE $10.00 PER DAY UNTIL THE VIOLATION IS REMOVED OR CORRECTED.
1. Owners, guests and animals must not be audible outside the walls of the unit. They must not be audible in adjoining units.
2. Owners, guests and animals occupying decks, patios and common areas shall not be allowed to create a nuisance. This can include: level of noise, offensive language, barking, etc.
FOR EACH 6 MONTH PERIOD – THE FINES WILL BE AS FOLLOWS:
1st violation – Written and verbal warning
2nd violation – $100.00
3rd violation – $250.00
4th violation – $500.00
Future violations – $500.00 fine until problem is resolved
Violations can be reported as follows:
1. Report violation to the local Travis County Sheriff 911 or non-emergency 512-974-0845 and notify the Townhome office of the report for verification.
2. Violations can also be documented through the use of technology such as but not limited to: pictures, audio or video of the violation also listing date and time of occurrence.
These violations will be reviewed by the Townhome office and fines charged accordingly. Fines can be disputed at the quarterly Townhome Association meetings. The dispute must be presented to the Board of Directors. A majority vote from the Board is required for any dispute to be overturned.
1. You are asked to comply with the rules for pets as stated by the Village of Point Venture.
2. Pets are required to be on a leash and under the control of the handler when outside of the townhouse. Pets are not allowed to run free on the townhouse common areas.
3. Pet owners are completely liable and will be held responsible for any damage or personal injury caused by their pets.
4. Pet owners are responsible for immediately cleaning up after their pets.
VIOLATIONS OF ITEMS (2) (3) AND (4) ABOVE WILL ONLY BE CONSIDERED FOR A FINE AFTER IT HAS BEEN CALLED TO THE ATTENTION OF THE OWNER AND A LETTER INDICATING THE VIOLATION HAS BEEN SERVED TO THE OWNER. SINCE THERE IS A POTENTIAL FOR PERSONAL INJURY OR PROPERTY DAMAGE FROM PETS THAT ARE ALLOWED TO RUN FREE EITHER INTENTIONALLY OR UNINTENTIONALLY THE AMOUNT OF FINE IS $100.00 PER OCCURRENCE. THE OWNER WILL ALSO BE RESPONSIBLE FOR ANY COST INCURRED BY THE ASSOCIATION FOR HAVING THE PET CAPTURED AND RESTRAINED.
1. No firearms are allowed to be discharged in Townhouses, Inc. common areas.
2. The use of fireworks in the Village of Point Venture is prohibited!
3. Open fires are prohibited in all Townhouses, Inc. areas.
4. Only SA Certified propane devices are allowed on wooden decks.
5. A fire extinguisher, conforming to marine type USCG, Type A, Size II or Type B; C, Size I, with Underwriters Laboratories seal, in good condition, and inspected annually shall be quickly and easily accessible in case of emergency. Hardwired smoke alarms are recommended. Battery operated devices should be installed in areas where hard wired devices are not practical.
6. Railings, walkways, porches and decks shall be maintained in good condition in order to provide safe entry and exit.
7. Motorbikes, motorcycles or bicycles are not allowed on the grassy portion of Townhouses, Inc. common areas.
8. Fire pits and Chimeneas outside of townhouses and on common property are strictly prohibited.
VIOLATION OF ITEM 3, 4, AND 8 WILL BE CONSIDERED FOR ASSESSMENT OF FINES. THE AMOUNT OF THE FINE WILL BE $500.00 PER OCCURRENCE.
1. Motor vehicles, trailers, etc. may not drive or park on the grassy portion of any Townhouses, Inc. common areas.
2. No transport trucks, 18-wheelers or commercial trucks are allowed to be parked overnight on Townhouse, Inc. common areas. This includes areas behind the townhouses.
3. Motorhomes, boats, and trailers are not permitted to be parked in front of or behind townhouses except for the purpose of loading or unloading.
4. Inoperable vehicles, including vehicles with flat tires, may not be left in any space on Townhouses, Inc. common areas for more than ten (10) days and are subject to towing at the owners expense.
5. No repair work or blocking of any vehicle off the ground is permitted on Townhouses, Inc. common areas (this includes all paved parking areas).
VIOLATION OF ALL ITEMS ABOVE WILL BE CONSIDERED FOR ASSESSMENT OF FINES. THE AMOUNT OF THE FINE WILL BE $10.00 PER DAY UNTIL THE VIOLATION IS REMOVED OR CORRECTED.
X. Emergency Services
1. Townhouses, Inc. is not responsible for providing keys or access to rental units.
2. Townhouses, Inc. personnel may provide after hours emergency access after verification of authority to enter townhouse unit. The charge for this service will be $25.00.
IF YOU HAVE ANY FURTHER QUESTIONS ON ANY ITEM THAT MAY OR MAY NOT BEEN COVERED IN THIS HANDBOOK, PLEASE CONTACT THE OFFICE BY PHONE OR BY LETTER. WE ARE VERY HAPPY TO HELP!