HOA Assessments received from MP Homeowners pay for maintenance of all facilities, 24-hour security, street lights, landscape maintenance, utilities for all facilities, operation of the MP Office, mosquito fogging of the subdivision, insurance for facilities and the HOA, and much more. Towards the end of each financial year (October-September), the Board reviews the present and previous year's expenses and income. The Board uses that review to set the yearly HOA Assessment. There is a budget meeting in July of every year that is open to the members of the Association. In November of every year, there is a complete audit from a reputable, independent and unbaised CPA Firm, who is familiar with HOA Finances.
The yearly HOA Assessment, as provided for in our Covenants, is set by the Board of Directors at the public Board Meeting the first Tuesday of September every year. At the time of closing, all homeowners sign an agreement to become financially responsible for this assessment. During the month of October of each year, statements are mailed to all members for their annual assessment due and payable January 1st of each year. Please mail your payment in the return envelope included with your statement before the due date. If you do not receive a statement for your assessment, it is YOUR responsibility to contact the MPCA Office at 281-492-2949. Notice of billing and any other pertinent information is published in the news feed of this website and our facebook page.
The annual associaiton fee for 2022 is $375 and is due on January 1, 2022.
Ways to Pay:
In Person: Payment by check or money order can be made in the MPCA Office. There is no processing fee for this option. CASH PAYMENTS ARE NOT ACCEPTED IN THE OFFICE. Make checks or money order out to Memorial Parkway Community Association.
Payment Plans: Payment plans are available in the office. Plans will consist of 3 monthly payments (November-$125 down payment, December-$125, and January-$125). You must come into the office prior to December 17, 2021 to get on a payment plan at no charge. After December 17th, there is a $35 charge to get on a payment plan.
Pay by Mail: Payment by check or money order can be mailed directly to the MPCA Office, 21600 Cimarron Parkway Katy, TX 77450. You may use the return envelope received with your assessment statement. There is no processing fee for this option. CASH PAYMENTS ARE NOT ACCEPTED BY MAIL. Make checks or money order out to Memorial Parkway Community Association.
Pay Online: Log into your 'Homeowner Portal' or register a new one, and select the yellow 'Make a Payment' button. You can pay by credit/debit card or eCheck, and even set up recurring payments. By choosing to pay online, there will be a small convenience fee charged by Zego, the payment processing company.
Pay by Phone: To pay by phone using a debit/credit card, call Zego directly at 1-866-729-5327. Zego is available by phone 24/7 to accept your payment. By choosing to pay by phone, there will be a small convenience fee charged by Zego, the payment processing company.
If payment is not received at the bank by the due date, the Association will assume willful non-payment and take extensive and usually expensive steps to collect these funds. Until this process has been completed, ALL facility usage will be denied.
Any account not paid before January 31st will incur a late fee of $35.
Accounts not paid before February 28th will incur an additional late fee of $35.
Accounts not paid before March 31st will incur an additional late fee of $50.
Accounts not paid before April 30th will incur an additional late fee of $50.
All unpaid fees after January 31st carry a finance charge of 10% per annum.
Accounts not paid by April 30th of each year may be turned over for legal pursuit in which all costs are the responsibility of the delinquent owner. Legal fees can range from $150 to over $2,000.