1 / 31

2013 Maple Woods Homeowners

2013 Maple Woods Homeowners. Annual Meeting. Agenda. Call to order Proof of quorum Introduction of Board and Property Manger Secretary’s Report Presidents Report Treasurer’s Report Committee Reports Homeowners Forum Old Business Accomplishments New Business

briana
Download Presentation

2013 Maple Woods Homeowners

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2013Maple Woods Homeowners Annual Meeting

  2. Agenda • Call to order • Proof of quorum • Introduction of Board and Property Manger • Secretary’s Report • Presidents Report • Treasurer’s Report • Committee Reports • Homeowners Forum • Old Business • Accomplishments • New Business • Upcoming Activities / Look ahead • Elections of Officers, Three (3) for two (2) year terms • Homeowner nominations as of 4/9/2013: Matt Brown, Amy Bunn, Brad Burrington, Tryg Falkenberg • Nominations from floor • Questions • Vote • New Board Members Volunteer for Officer Positions • Adjourn

  3. Introduction • Board • John Peter, President & Treasurer • Amanda Broadbent, Vice President & ACC co-chair • Kristen Hansen, Secretary • Brad Burrington, ACC co-chair • Todd Breda, Communications and Member-at-Large • Property Manger • Jennifer Trecker-Karpowicz, Around the Clock (ATC)

  4. Introduction • Logistics • Homeowner forum will be limited based on attendance • At any and ALL times refrain from abusive, profane, uncooperative, and disruptive behavior. At the discretion of the chairperson a first warning will be issued. • In the event disruptive behavior continues the chairperson will issue a second verbal warning that the member needs to stop or refrain or they will be trespassed and asked to be removed • At the discretion of the Board, if the member still refuses to cooperate and continues disruptive behavior the chairperson or another Board member will verbally inform the member that he/she is trespassed from the meeting premises and the member must leave immediate. • If the member does not leave as ordered, the chair person or Board member will report the trespass to the officer present and ask the officer to remove the offending member. • No further business of the Board will be conducted until the officer removes the member • This policy is not intended to prevent or silence dissent. Differences expressed respectfully, courteously and reasonably, for the good faith of purpose of dialogue and healthy debate, are welcome

  5. Secretary’s Report • Minutes • Consent Agenda

  6. President’s Report • Challenging year • Reconstitute board • Reestablish processes (ACC, Billing, and Collections) • Completed Cost Sharing due diligence • Spring is coming and we are looking forward to re-energizing activities that continue to focus on property values, maintaining common areas, exercising our mandated fiduciary responsibility to remain vigilant and advocate on behalf of the Maple Woods Homeowners • Thank you to the outgoing board members! • Kristen Hansen • Brad Burrington • Todd Breda • Thanks to all of the wonderful volunteers! • Thank you to our new property manager, Jennifer!

  7. Treasurer’s Report • Maple Woods Association Financial Position as of March 2013 • Delinquencies 12.62% • Cash • Reserves - $161,345 • Legal Expense Review • Cost Sharing Agreement Review

  8. Legal Expenses • Cost categories • Cost Share due diligence • Factual responses to Maple Ridge mailings • Collections • FB / Homeowner legal assertions and allegations • ACC non-compliance / challenges to CC&R mandated ACC process / Reestablishing CC&R compliant ACC process • ACC research for homeowner ACC requests / issues

  9. Legal Expenses

  10. Cost Sharing Agreement • Maple Ridge is reimbursing Maple Woods for section 2.1 or the parks • Maple Ridge is NOT reimbursing Maple Woods for section 2.1.2 Maple Ridge Drive and Maple Ridge Way SE (including main entrance) • Maple Ridge disputed Cost Share amounts for 2006 & 2007 cost share invoices and subsequently unilaterally reinterpreted the cost share agreement • De Spain Letter June 2, 2008 • Mark Olson email est. 2008 • Let’s review the impact

  11. Cost Sharing Agreement

  12. Cost Sharing Agreement

  13. Cost Sharing Agreement

  14. Cost Sharing Agreement • …from previous page… • It is mathematically impossible for MRH to pay a larger share than Maple Woods • Under Cost Sharing Agreement • Maple Woods 53.78% • MRH 46.22% • The disparity is even larger with MRH reinterpretation of the Cost Sharing Agreement • MRH reinterpretation of Cost Sharing Agreement • Maple Woods 78.7% • MRH 24.3%

  15. Cost Sharing Agreement • Maple Woods Homeowners should be paying $53,833 instead of $102,837 • Maple Woods Homeowners are paying $49,004 more due to MRH reinterpretation of the Cost Sharing Agreement

  16. Cost Sharing Agreement • Compare $23,397 one time due diligence and communication of facts to $72,004 non-payment of shared costs that are the burden of Maple Woods Homeowners • Net difference $48,607

  17. Cost Sharing Agreement • To accurate assess the impact of the “property swap” option we must compare capital costs • Maple Woods capital costs are based on the recent reserve study completed in 2012 • Key capital items need to be converted to current year 2013 dollars (pv = fv / (1 + rate)^nper) • Parks and playground equipment (from reserve study in 2027 dollars) • Boulevard Privacy fence (from reserve study in 2022 dollars) • Recommended Boulevard Privacy fence maintenance (reserve study recommendation every 3-5 yrs in 2013 dollars)

  18. Cost Sharing Agreement

  19. Cost Sharing Agreement

  20. Cost Sharing Agreement

  21. Cost Sharing Agreement • The “property swap” solution does not account for the large disparity in capital expenses • Post Property Swap Capital Expenses Maple Woods - $320,721 • Post Property Swap Capital Expenses Maple Ridge - $21,507 • In it’s current (without capital expense consideration) is not in Maple Woods Homeowners best interests • Fiduciary responsibility does not permit the Maple Woods Board to support this solution, in this form

  22. Cost Sharing Agreement • Status • Maple Ridge has decline fair and equitable binding arbitration

  23. Committee Reports • ACC • Established a review process for violations. • ACC Committee reviews the notes forwarded to us by ATC before issuing violation letters • To date most violation letters were sent the homeowners have corrected the problem quickly  • There remain homes with larger issues and will be handled according to our CC&R’s and Rules and Regulations • Its spring time and we are receiving more and more ACC requests for improvements to homes and yards. We anticipate this to only get busier as summer approaches

  24. Committee Reports • Operations • Obtaining fencing quotes and options • Quotes for new cedar fencing so far @ $80,000 • Does not include staining (est. @ $20 - $30K) • Will require moving existing sprinkler system • Will require staining on 3 – 5 yr intervals • Exploring Vinyl with similar look as an alternative • Will not require moving existing sprinkler system • Will not require staining • Much longer warranty period (25 yrs) • Continue efforts and submit options to the community

  25. Homeowners Forum • Operations • Obtaining fencing quotes and options • Quotes for new cedar fencing so far @ $80,000 • Does not include staining (est. @ $20 - $30K) • Will require moving existing sprinkler system • Will require staining on 3 – 5 yr intervals • Exploring Vinyl with similar look as an alternative • Will not require moving existing sprinkler system • Will not require staining • Much longer warranty period (25 yrs) • Continue efforts and submit options to the community

  26. Old Business • Accomplishments • Traffic Study • Gathering all traffic citations and accident reports for Maple Ridge Drive and Maple Ridge Way • There is such a volume that the county records folks are parsing the data out monthly and it will take until August to complete data collection • Re-established ACC process • Walk through • Homeowner notifications • Established Architectural Control Committee to hold hearings when requested by homeowners • Strengthened collections activities and process • Sourced new management company, Around The Clock

  27. Old Business • Accomplishments…continued… • Block Watch • Program initiated with city • Block Watch Signs installed • Reinforced rock retaining wall at bunny park • Replaced water lines at monument for better water flow • Storm damage tree replacement and seasonal flower plantings • Completing on going ACC AC unit process • Repaired mail boxes • Accident reimbursement and insurance tracked down and community service is still under way.

  28. New Business • Look ahead • Obtaining quotes for the Boulevard / Privacy fences • Move the sprinkler system to minimize future damage to fences • Complete speed study • Refresh play chips • Rework late charges for assessments • Review all governing documents • Re-do web page and establish access and notification process for Maple Woods Homeowners only

  29. Elections / Nominations • Elections of Officers, Three (3) for two (2) year terms • Homeowner nominations as of 4/9/2013: Matt Brown, Amy Bunn, Brad Burrington, Tryg Falkenberg • Nominations from floor • Questions • Vote • New Board Members Volunteer for Officer Positions

  30. Adjourn • Thank you!

  31. Thank YOU!!!

More Related