Posts

Showing posts from October, 2021

ACA Fees $166.5K

  ACA Fees $166.5K Architectural Control Authority(ACA)/ NEW HOME PLAN REVIEWS. Hines being a developer of the land charged $350 per Builder(David Weekley, Lennar, Village, Plantation, Darling Homes etc...) per lot. City of Irving had a contract with Hines to Develop this 235 acres of land to develop Parkside residential community. Then around 5-6 Builders like David Weekley, Lennar, Village, Plantation, Darling Homes were given lots to build single family homes on it. Around 875 lots X $350 = $306,250.00. During the time of transfer of the lot from Hines to Builder (David Weekley, Lennar, Village etc...). As per the legal opinion, from past HOA lawfirm, Hines was supposed to bill only for the last 4 years not beyond those 4 years thus it came out to be around $166.5K. Hines put a condition that newly elected resident Board sign a general waiver to "release Hines from any future claims" within 24 hours of getting elected otherwise Hines will collect that fee of $166.5K. Which...