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WELCOME GRAND OAKS HOMEOWNERS

WELCOME GRAND OAKS HOMEOWNERS. AGENDA. Report on Quorum Introductions Background Goals and Results Budget Overview Volunteers Needed Looking Forward Election of Board Members Questions / Discussion Adjourn. BOARD OF DIRECTORS. Rolland Baxter, President Aly Welkley, Secretary

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WELCOME GRAND OAKS HOMEOWNERS

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  1. WELCOME GRAND OAKS HOMEOWNERS

  2. AGENDA • Report on Quorum • Introductions • Background • Goals and Results • Budget Overview • Volunteers Needed • Looking Forward • Election of Board Members • Questions / Discussion • Adjourn

  3. BOARD OF DIRECTORS • Rolland Baxter, President • Aly Welkley, Secretary • Paul Sanchez, Treasurer • John Clark • Vacant

  4. LANDSCAPE COMMITTEE • Renee Brooks, Chair • Leigh Stoller, Vice Chair • Ron Sims, Secretary • Corinne Sims, Secretary • Ron Prevost NEWSLETTER COMMITTEE • Denise Limon, Chair • Chris McDonald, Vice Chair • Sandi Morris, Secretary • Karen Crist, Editor • Payton James-Amberg, Webmaster

  5. RECREATION COMMITTEE • Kelly Manhard, Chair • Randy Joss • Ed Crist • Liz Doyle • Tracy Elmshaeuser ARCHITECTURAL REVIEW COMMITTEE • Barry Vanhoff • Leigh Stoller • Al Blase

  6. BACKGROUND • Development started in 1999 • Initial Board represented Developers • Legend Homes took over from Pahlisch Homes in September, 2002 • Transitional Advisory Committee (TAC) formed July, 2005 • Committees appointed and became active • New owner-represented Board elected June, 2006 (Turnover) • New Architectural Review Committee established

  7. GOALS AND RESULTS GOALS: • Form and strengthen committees • Increase communications • Focus attention on budget RESULTS: • Committees functioning well • Need additional volunteers • Quarterly newsletter published • Website established • 2007 budgets adopted • No increase in fee for either Summit or Grove

  8. OPERATING BUDGET OVERVIEW Total Summit Budget = $240,937 (293 properties)

  9. OPERATING BUDGET OVERVIEW continued Total Grove Budget = $40,653 (78 properties)

  10. WHAT THE OPERATING BUDGETS INCLUDE • Continued operation at historic levels • Possible part-time pool attendant • Update of reserve study • Review of clubhouse storage and access needs

  11. RESERVES • Reserve Balance is $141,622 (Dec 2006) • Reserves are required by State Law • Reserves fund replacement or major repair of:

  12. RESERVES continued • Expenditures for 2007 include:

  13. VOLUNTEERS NEEDED • Board of Directors - 3 positions • Committees: • Recreation Committee • Landscape Committee • Newsletter Committee • Architectural Review Committee (ARC)

  14. LOOKING FORWARD • New Community Manager • Continued attention to cost - value for dollar • Restroom in park • Monthly payment option

  15. ELECTION PROCESS • Nominations from mail-ins and floor • Brief statements by nominees • Election of directors • Announce election results

  16. QUESTIONS AND DISCUSSION

  17. THANK YOUVOLUNTEERS AND HOMEOWNERS

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