Waterwood Improvement Association

WIA Overview

Organization Waterwood Improvement Association, Inc. (WIA) is the property owner's association (POA) for the unincorporated Waterwood community.WIA is an independent State of non-profit corporation established in 1972 to promote and develop the common good and social welfare of the people of the Waterwood community.
Role WIA is the governing body for the Waterwood community. It is led by elected members for the benefit of the membership and community at large. WIA is not a property developer, is not associated with a developer, and does not have a lot sales operation.
Subdivisions Visit the Subdivisions web page for a list.
Governance WIA was established and is governed by three primary documents: The Amended Articles of Incorporation, The Amended Bylaws, and the General Warranty Deed and Declaration of Covenants.
Members All Waterwood residential lot/property owners are members of WIA. Only members current on Annual Charge payments are members in "good standing". They are eligible to vote and receive benefit from the services provided by WIA.

(Board of Directors)

WIA is governed by a Board of Directors (BOD) comprised of nine elected WIA members who serve for staggered 2-year terms. They set the direction and long-term objectives for WIA, establish budgets and fees, oversee operations and projects, and address issues and problems facing the community.
Officers The President and Executive Vice-President are Directors that are nominated and elected annually by the Board of Directors to serve as the senior officers of the association. Other officers, including a Secretary, Treasurer, and Assistant Secretary are elected at the same time and may be Directors or non-BOD individuals.
Annually, the Board of Directors selects members for eight standing committees defined in the Amended Bylaws. In addition, ad hoc committees may be established as needed.  The committees are usually chaired by a Director, and oversee various WIA functions and/or may pursue special projects.
The Board of Directors holds open meetings monthly. An annual membership meeting is held in October. Committee meetings are scheduled by the chairpersons as needed.
Elections Annually, in the September timeframe, members vote by mail-in ballot for Director candidates to fill expiring terms, to receive the annual audit report, and to ratify the selection of an auditor for the next year. All members in good standing are eligible to vote (one vote per lot owned up to a maximum of 10). Results are announced at the annual membership meeting in October.
Administration (Operations) WIA’s day-to-day operations are managed by two full-time office staff, the Executive Director and the Administrative Assistant.
Services Services provided by WIA include: Contracted maintenance service for common grounds, a household garbage disposal site, a yard debris disposal site, 24/7 community security patrol; contracted EMS ambulance service, membership and general association administration, Protective Covenant compliance administration, street maintenance (with county), and community street lighting. Partial or full funding is provided by WIA for: Volunteer Fire Department (VFD) operations, VFD/WIA facility operation, debt service, Municipal Utility District (MUD) standby fees, and several community social events including the spring picnic, 4 of July fireworks display, and Parkway holiday decorations.
Protective Covenants The Waterwood subdivisions are protected and controlled by Protective Covenants (Deed Restrictions). These Covenants establish usage and improvement requirements for residential lots. The Waterwood Policies for Residential Lots document summarizes key Protective Covenants and establishes governing interpretations. The Architectural Control Board (ACB), a standing committee, is charged with administering the Protective Covenants (and Waterwood Policies), both for property improvements and construction, and usage compliance.
Income Sources Income to fund WIA activities is primarily provided by Annual Charges and interest received from investments. WIA does not receive any assessed tax income or funding from developers.
Annual Charge

(Assessment/Maintenance Fee)

WIA assesses an Annual Charge on each residential lot/property to help fund the services provided by the association.  The Annual Charge amount is set annually by the Board of Directors per the applicable governing documents.  The Charge is invoiced annually in January for the previous year and becomes past due on the following April 1st.  Past due amounts are subject to a 10% APR interest charge.