Welcome To The Tanoan Community Association
This website is designed to keep every resident and future resident informed and up-to-date on the vital issues that affect all homeowners. You will quickly find access to the governing documents, calendars of upcoming community meetings, copies of our latest Tanoan Talk newsletter, home improvement information and links to association pages and the e-mail address of all officers and directors.
The Tanoan Community Association, Inc. is located to the west of Eubank Blvd. in Albuquerque’s far northeast heights, with its own homeowners association. Our community consists of ten individual neighborhoods providing a variety of housing options. Our families enjoy an environment of open green spaces and family friendly living in a well cared for community that has gracefully matured since its inception.
The Tanoan Community Association, Inc. has committed and talented neighbors who have come together with great ideas, and then volunteered to put them into practice. There are always important decisions to be made about how to continue maintaining and improving the look and feel of our community. We encourage you to get involved in community social events, volunteering as a committee member or just voicing your opinion at board meetings. We hope you will share your talents as we continue to maintain a safe and desirable community in Albuquerque’s far northeast heights.
Message from the Board of Directors
At our most recent Board meeting the Board of Directors presented a budget for the upcoming year which included an increase of $10/month to the monthly assessment, beginning with the new fiscal year on April 1st. Our rationale for this increase was to better manage the capital expenses that we project for the upcoming five year period while also building our reserves to the level recommended for a community of our size. As many of the individual homeowners in Tanoan have found, a house that that is more than 25 years old needs repair to its systems and even in some cases to its infrastructure. The same is true of our community, and it is the responsibility of the Board to plan for these expenses. Residents who were present at this meeting rightly suggested that we needed to provide a more detailed rationale for this increase and asked us to delay this proposed increase until residents were provided with specific information about the capital issues that we project for the next five year period. As a result we have compiled this outline of issues that have been identified by our facilities consultant and updated by the Board over the past six weeks. At present, we project having a Reserve Fund balance of $1,189,439 at the beginning of this fiscal year (April 1st). This is an increase of over $200,000 from the past year but still remains short of the recommended full funding of $2,438,674. At present, TCA deposits $240,000/year into our capital fund. However, our projections show that we will spend most of those funds on upcoming expenses over the next five years. The $10 increase which the Board is proposing would take effect on July 1, 2019 and would allow us to continue to deposit $240,000 per year into our Reserve Fund, thus building that balance to approximately $1,400,000 by 2025. Keeping in mind that we currently add $240,000 into this fund annually, the Board has projected the following capital expenses for the next five year period:
Based on these projections, the TOA Board of Directors considers it our responsibility to recommend this $10/month increase to our annual assessment. Without this increase our Capital Reserve Fund will regress over the next five year period, but with this $10/month assessment increase, we will grow this fund to approximately $1,400,000, an amount much more in keeping with Capital Fund recommendations for a community of our size and scope. We hope that this explanation helps to clarify the Board recommendation to increase the monthly assessment. Please plan to join us at our monthly Board meeting if you need further clarification or email the Board at email@example.com.
TANOAN BOARD OF DIRECTORS