If you own property within Stone Oak boundaries- residential or commercial – you pay assessments to the Stone Oak POA. This also means as a Stone Oak property owner, you are expected to abide by the Stone Oak Master Plan guidelines, and adhere to Stone Oak POA restrictions and policies. You can find a copy of all Stone Oak governing documents- including By-Laws and policies – under the “Governing Documents” tab of our website.
As a Stone Oak Commercial Property Owner, which includes free-standing businesses, strip centers, and apartment complexes, your assessments are calculated based on points and square footage in accordance with the Stone Oak By-Laws. Commercial property assessments are due quarterly (January, April, July, and October.)
The Stone Oak By-Laws state assessments for each Stone Oak Residential Lot is calculated at 1 point. Stone Oak Residential Property Owners pay only $116.00 annually, billed in January of each year.
More detail regarding how assessments are calculated can be found under our “Governing Documents” tab on our website, specifically on page 23 of the “Stone Oak Second Amended Bylaws,” Article XV, Member’s Obligations.
Each residential community within Stone Oak boundaries has its own Homeowners Association (HOA.) Your HOA takes care of everything within your neighborhood, and the Stone Oak POA takes care of the common areas outside the neighborhood, within the Stone Oak Master Plan established boundaries.
The Stone Oak POA utilizes assessments for the following:
-To ensure architectural guidelines set forth by the Stone Oak Master Plan are upheld
-Maintenance and upkeep of the 11 miles of landscaped medians within Stone Oak boundaries
-Annual projects to beautify the common areas, and keep landscaping to standard
-Projects that assist in conservation efforts, such as the transition from spray irrigation to drip
-Implement and manage other projects or events that benefit Stone Oak Property Owners
The Stone Oak POA is governed by a Board of Directors consisting of five residential representatives, five commercial representatives, and a Board-elected Chairman. Each Director is an individual or entity that is a member of the Stone Oak Property Owners Association, and therefore a Stone Oak property owner. Once elected at the Association Annual Meeting of Members, they serve a two-year term, and may be placed on the ballot at the end of the term for re-election if desired. (When originally formed, terms were purposely staggered so not all seats would be open for election at the same time.) Directors are volunteers, are not compensated for their time, and act in accordance with the Governing Documents of the Association. Many are also involved with POA Committees, such as the Neighborhood Representatives Committee, Finance Committee, etc. Directors are required to adhere to all directives as outlined in the Stone Oak By-Laws and Policies.
We hope this helps you better understand how your POA works for you!