Hickorywood Farms Homeowners Association 2011 Annual Meeting Wednesday, October 26th, 2011 7:00 pm...
-
Upload
jeffery-dean -
Category
Documents
-
view
216 -
download
0
Transcript of Hickorywood Farms Homeowners Association 2011 Annual Meeting Wednesday, October 26th, 2011 7:00 pm...
2011 Year in ReviewActions•Maintained ~50% of common grounds mowed, entranced mulched & weeded•Ponds treated•Insurance renewed, State and Fed Tax paperwork filed•Escrow account opened for Lamp post, Mailbox, Landscape funds collected•Completed Title paperwork for 11 home/lot sales and 23 lot sales to Kaerek Homes Inc.•Reviewed legal documents for 5 home foreclosures presented to the Association through depositions•Collected Dues from 131 of 137 homes/lots, paid invoices, balanced checkbook, balanced escrow account•6 liens filed for unpaid dues•4 liens lifted for prior year dues and fees paid•3 Property management quotes reviewed, 1 year agreement signed•Pursued multiple bids on front sign work… none accepted to date•In conjunction with the Architectural Control Committee, reviewed/approved 5 home plans & 1 shed plan, 1 shed plan in process•Significant time spent on mailbox resolution…. Full update in following pages•Estimated budget proposal for 2012 year•Maintain homeowner data base / Directory
2011 correspondence receivedTop Concerns / Complaints received•Lack of deed enforcement for building standards / landscape design (trees)•Outside storage violations•Mulched walking path requires improvements•Dog droppings / lack of dog leashes•Phase 2 mailbox installations•Entrance sign update
Violation Letters sent Quantity•Past due association dues notification letter 24•Liens initiated for unpaid 2011 dues 6•Outside storage violation letter 4
Property Management updateDecision:•Not enough volunteers to fill the officer positions•Property management companies have the experience
•improve response times for individual requests•Improve project execution•Cost savings through management company’s network
•3 management company quotes reviewed
Facts:•Day to day workload outsourced•Offers maintenance resource to homeowners•BOD maintains control for the association•Property management Company
Real Estate Specialist, Inc.
Pewaukee, WI 53072•One year contract signed effective December 1, 2011
2012 Plans•Re-bid all outside services for any potential savings•Common grounds… maintain same percentage as prior years•Ponds maintenance… reduce funds allocated, pursue aerator and/or fountain to increase water movement and reduce treatment costs•Outsource management of day to day operations to a property management company•Pursue completion of entrance sign work•Continue to work with the Architectural Control Committee, reviewed/approved homes / additions / sheds / decks•Continue mailbox resolution… work with Developer, Kaerek Homes Inc., Post Master, legal support•Review By-laws•Plan 4 Board meetings, and 1 annual meeting… dates will be posted to the web site when identified
•Additional Input?
Phase II Mailbox Status•Legalities of the issue – Each homeowner has entered into a contract with the developer and paid for a lamppost and a mailbox. The developer is obligated to provide what each has paid for. •Homeowners Association interest in the topic – As the association BOD we have an interest in keeping the mailboxes and lamppost in harmony across the neighborhood.•Others interest – The US post office also has an interest in the location of the mailboxes to aid in efficient and cost effective mail delivery. Not following there guidelines can result in refusal to deliver mail.•What the BOD has tried to resolve – Phone calls and Letters to date have not worked.•An avenue to consider – The developer is YMCA Properties LCC. A letter written by damaged parties (All phase II lot owners) to the board of Directors of the YMCA prior to turning this over Contact 6 or similar media channels may just work.•Homeowners Association BOD action - We continue to work the issue however at some point the BOD may need to organize a resolution. This will mean:
• A standardization of the mailboxes• An implementation of the Post Office box layout• Special assessment of phase II residents to install the boxes • At this point homeowners could pursue the developer for damages as
they see fit
2010 2011 2011 Variance 2012 Variance 2012
Total Year Budget Estimate to Budget Budget to Prior Year Budget
Actual Per Lot
Landscape Maintenance (common grounds) 19,108 17,300 13,218 -4,082 13,983 765 102
-Mowing, trimming 8,514 8,320 8,119 -201 8,220 101 60
-Sidewalk snow removal 475 1,530 1,645 115 1,750 105 13
-Other care (mulch, weed, fertilization, trees, …) 10,119 7,450 3,455 -3,996 4,013 559 29
Pond Treatment / Maintenance 5,567 5,000 7,077 2,077 4,500 -2,577 33
Insurance 1,614 1,700 1,612 -88 1,700 88 12
Utilities (Electric) 0 0 0 0 475 475 3
Capital Improvements 715 2,000 0 -2,000 1,300 1,300 9
Other (Printing, Postage, Fiduciary, PO box, Etc.) 559 1,030 1,219 189 8,681 7,462 63
-Property management Company Fee 0 0 550 550 6,600 6,050 48
-Other 559 1,030 669 -361 2,081 1,412 15
Total Annual Expenses 27,563 27,030 23,126 -3,904 30,639 7,513 224
Capital Improvements Fund 1,585 0 2,000 2,000 0 -2,000 0
Contingency Reserve 1,677 3,795 5,699 1,904 3,611 -2,088 26
-Long Term Contingency Plan (pond, mailbox, etc.) 552 2,445 4,349 1,904 2,111 -2,238 15
-Estimate Dues not collectable 1,125 1,350 1,350 0 1,500 150 11
Total Annual Collections 30,825 30,825 30,825 0 34,250 3,425 250
Dues Per lot (137 lots) 225.00 225.00 225.00 0.00 250.00 25.00
2012 Budget Proposal
Currently under review:•Impose title transfer fee •Set term lengths for board members
Changes to By-Laws
Over 20 ideas submitted…. Focusing on top items
Survey results for Hickorywood Farms Subdivision long-term Capital Improvement Plan
Priority rank from 2009 homeowner survey1 Cleanup entrance and other common grounds2 Install outdoor lighting at entrance (on trees, pond, sign, …)3 Add landscaping (trees / plants) on common grounds (mulch areas around trees)4 Move or replace the stone subdivision entrance sign - make more visible and appealing5 Mosquito control6 Install water fountain in one of the ponds