chevron_rightIs my 2020 annual assessment late because the balance shows up as 30-61 days?
No, your payment is not late. As stated at the bottom of the statements, Association assessments are due by March 31, 2020. After March 31st,they will be considered late. Per the DOR, annual assessment will accrue as of January 1 of each year and will be due and payable on or before February 1 of that year or such other date as may be established by the association. The 31-60 days section of the invoice does not mean they are late. It just means that amount occurred that many days ago on January 1. The way the statements were prepared, with the January 1 date that your DOR lists as the date accrued, causes the balance to show up there even though it is NOT late.
chevron_rightWhy don't annual statements come out in January?
To save postage for your Association, statements are not mailed until the annual report is prepared. The bylaws require an annual report as of the end of the Fiscal Year to be distributed to all Members. Thus all statements, bills, etc for the previous year need to be received and reconciled. Then the final report is prepared and sent with the statements and new budget. The 2019 Annual Financial Report was completed in January 2020, documents were approved by the Board of Directors on January 2020 at the board meeting, and then statements were prepared and everything mailed by the management company in one envelope.
- chevron_rightI just moved into Masterson Station. Where do I get information about the homeowners association?
chevron_rightWhy do I have to pay an annual assessment to the Masterson Station Homeowners Association? What if don’t want to join?
The assessment payable by each homeowner funds both the operating and capital budgets of the association.These budgets cover such things as grass mowing, flower, shrubbery and tree planting and maintenance of allcommon areas; maintenance and repair of all common area structures, such as walls, fences, entrance lights(not street lights which are the responsibility of Kentucky Utilities), street signs, electrical wiring and irrigationsystems, the property manager’s services, and social events.In short, the bulk of the assessments go toward maintaining and enhancing all the areas owned “in common” bythe homeowners within Masterson Station; the proper maintenance of which enhances the propertyvalues for the subdivision and its’ residents.According to the Deed of Restrictions (DOR), all property owners in the Masterson Station neighborhood areautomatically members of the homeowners association and subject to the assessment. You should have beengiven a copy of the DOR at or before closing on your home. If you need a copy of the DOR, please refer to the governing documents.The amount of dues is $48 per year (as of 01/01/07) due on January 1st of each year. Dues are pro-rated formid-year move ins @ $4 per month for each full month that is left in the year after the move in. If you sell yourhouse in mid-year, after paying your dues, usually the settlement form for the sale will take into consideration a“credit” for the seller for the balance of the dues along with a “debit” for the buyers. Although, this will dependon the person who completes the real estate transaction. There are no “refunds” issued by the HomeownersAssociation after payment is made. The settlement of the dues is solely the seller’s responsibility.
chevron_rightI want to fence in my backyard. Do I have to get a permit or permission?
Yes, the City requires you to obtain a permit to construct a fence. According to “How to be a Good Neighbor”published by the LFUCG, a “permit from the Division of Building Inspection is required before a structure maybe built, moved, added to or structurally altered. A permit is also needed for installation of a swimming pool,construction of a driveway or fence, or major remodeling of a home.”In addition to the City’s requirements, Masterson Station’s DOR has certain guidelines and prohibitions.Anyone desiring to undertake these types of projects must submit a written request, accompanied by plans andspecifications, to the property manager for approval before any work begins. Following this procedure willensure consistent and fair DOR enforcement, protect the interest of all Masterson Station residents and possiblysave the individual homeowner a lot of time, money and aggravation. For more information see Property Improvement.
chevron_rightThe trees between the sidewalk and the street in front of my house need trimming. Is that my responsibility?
Yes, according to City ordinance. All street trees are required to be trimmed at least 14 feet above thesidewalk. In addition, it is “unlawful to allow any tree, bush, or other vegetation and items like basketball goalsto obstruct the view of a street or passage on a sidewalk.” Property owners are required to obtain a permit fromthe Urban County Government’s Division of Parks and Recreation before a street tree may be planted andbefore any tree larger than three inches in diameter may be removed.Further, a homeowner is responsible for replacing defective sections of the sidewalk adjoining their property.According to the City, the sidewalk inspection program is “complaint responsive,” meaning an inspection isdone when a citizen files a complaint with the Division of Code Enforcement. Homeowners should always keepin mind the issue of liability should someone be injured due to sidewalk or street trees falling into disrepair orunsafe conditions.
chevron_rightWhat can I do about the loud music, power equipment or barking dogs?
These fall under the City’s noise ordinance which “prohibits sound that annoys or disturbs a reasonableperson of normal sensitivities.” Please refer to the publication “How to be a Good Neighbor?’ for specifics.Violations, or questions, should be directed to the Division of Police, 258-3600.
chevron_rightWhat’s the speed limit in Masterson Station?
As with most residential streets in Lexington, the speed limit is 25 mph unless otherwise posted. TheMasterson Station Homeowners Association Board of Directors takes speeding on our streets very seriously.Violators should be reported to the Division of Police, 258-3600 (include license plate number, make, modeland color of vehicle and time-of-day if you can).Our streets are part of our neighborhood and we should take responsibility for safety on them: First byobserving the speed limits and stop signs ourselves; and second by reporting violations regularly and often inorder to get the enforcement effort we need. With enough calls (complaints) made with the Division of Police, ithas been seen that they will increase the number of patrols along the main boulevard to help deter speeding.
chevron_rightWho is the Board of Directors anyway? Are they paid?
The Board of Directors is made up of homeowners from Masterson Station. Board members give of their timeand talents voluntarily to serve their community and neighbors. Regularly scheduled meetings will be held atthe Masterson Station Club. Dates and times will be announced. All residents are welcomed and encouraged toattend the meetings, to be actively involved either by serving on the Board or through other volunteeropportunities and to communicate questions, ideas, suggestions and concerns to the Board.
chevron_rightDeed of Restrictions? What is it and how does it affect me?
To view your deed of restrictions head over to the governing documents.
chevron_rightIs there a neighborhood wide yard sale?
There is a spring and fall community-wide yard sales where members of the neighborhood are encouraged toparticipate. There is also a group on Facebook, Masterson Station Yard Sale, where neighbors in and around the Masterson Station neighborhood can have a place to buy, sell, and trade goods and service.