Hunter’s Cove Home Owner’s Association (HCHOA)

1. Hunter’s Cove Home Owner’s Association (HCHOA) Annual Meeting 21 Sept 2013

2. Agenda • Association Structure • Management Strategy • C&R Enforcement Process • Budget • Code of Ethics • Elections • Police Presentation

3. ElectionsTo Be Held at End of Meeting Board Member Position Available

4. Association Structure

5. HCHOA Leadership BOARD • Erica Davies • Rhonda Holsonback • Vacant Seat OFFICERS • Brandy Goleman – Pres. • Chris Haas – V.P. • Kimela Avery – Treas. • Amy Delcambre – Sec.

6. Organization Chart

7. Committees • Architectural Committee • Home Improvement Review/Approval • Common Area Planning • Safety & Security • Community Committee • Neighborhood Yard Sale • Event Planning, Festivals, Cookouts • Vendor power • Decorations • Covenants & Restrictions Committee (C&R) • Enforcement • C&R Development and Revision • Welcoming Committee • New Residents • New Arrivals (Babies)

8. Management Strategy

9. HCHOA Management Strategy • Mission and Vision • Preserve & Enhance Property and Community • Pillars of Association • Community • Security (Safety) • Maintenance • Enrichment

10. HCHOA Management Strategy Mission Our mission is to enhance the quality of life in our neighborhood through management of common areas, enforcement of covenants and restrictions, support of initiatives that strengthen bonds among residents, and investment in capital improvements that benefit the greater good. Vision To cultivate a safe, enjoyable and family orientated community dedicated to the enhancement of the neighborhood's common good and appeal while respecting and preserving the collective rights and interests of homeowners through sound financial decision making and administration of HOA covenants and restrictions.

11. HCHOA Management Strategy Preserve & Enhance Property and Community • Enhance beauty • Preserve/improve common area curb appeal • Maintain or increase property values • Safety and security of common areas • Proper Lighting • Clean and Safe structures • Minimize risk • Association between the above goals

12. Pillars of Association HUNTER’S COVE COMMUNITY SECURITY MAINTENANCE ENRICHMENT

13. Community • Enhancement of Community Relations • Communication • Events • Neighbor Effects • Positive (Increase) • Negative (Decrease) • Leveraging Economies of Scale • Communication among homeowners

14. Security • Neighborhood Safety • Personal/Home Security • Common areas safety and security • Lighting • Drainage Security/Safety • External influence • Insurance

15. Maintenance • Common Areas • Lawn Care • Cleanliness • Fences • Gazebo • Entrances • Retention Ponds • Signs • Covenants & Restrictions • Financials

16. Enrichment • Neighborhood Events • Common Area Curb Appeal • Capital Improvements

17. Covenants & Restrictions EnforcementProcesses

18. ViolationProcess • A list is compiled from the Board, Officers, Committees and Home Owners complaints and notifications • Violations are notated 2-3 times prior to notification letter being sent out • A deadline to correct the violation is addressed in the letter • If the violation is not corrected within specified time frame a fine is applied to the Home Owner's account • Additional fines are applied for continuous violations • If the fines are not paid, the same rule applies as HOA dues, interest accrues and Lien is placed on property

19. Fees/Assessessments • Bylaw • Article II, Section 9

20. Notice Process • Bylaws, Article II, Sec. 10

21. Budget

22. FY13 Budget Actual Expenses = $46,402 • Electrical Repairs $3,970 • Insurance = $6,993 • Alabama Power = $20,754 • Water = $201 • Lawn Care = $9,900 • Maintenance = $1825 • Income tax = $200 • Property Tax = $1,165 • Admin = $600 • Website = $115 • HOA Sign $679 Current Balance = $71,264.32 Fenced Allocations = $68,500 Operating Balance = $2764.32

23. Fenced (Capital) Allocations • $5,000 Common Area Beautification • $2,500 to Community Committee • $1,000 Welcoming Committee • $35,000 Community Center • $15,000 Rainy Day Fund • $4,000 Electrical • $4,000 Retention Pond • $2,000 Gazebo Repairs/Stain

24. FY13 Projects • Front Entrance Electrical Repairs/Upgrades • HOA Sign (Purchased) • Website Purchased (In Development) • Hired Commercial Lawn Care Service & Commercial Maintenance Company • Retention Pond Clean up (In-works) • Community Beautification Planning • Storage Unit (Rented) • Drainage safety items (Ongoing)

25. Projected FY14 Budget Proj. FY13 Operating Carryover = $2,614 Projected Income = $57,515 Projected Expenses =$56,015 • Electrical = $5,000 • Insurance = $7,200 • Retention Ponds = $3,500 • Alabama Power = $22,000 • Water = $700 • Lawn Care = $12,000 • Maintenance = $2,500 • Income Tax = $500 • Property Tax = $2,500 • Website = $615 • Admin = $1,000 Proj Remaining Oper. Budget = $3,899

26. Capital Improvement Planning • Community Center • Permanent clean up of retention ponds • Connecting all sidewalks • Continued improvement of drainage gutters • Speed bumps/humps on straight away roads • Traffic flow enhancements in roundabout • Additional signage at other entrances • Improved street lighting

27. Codeof Ethics

28. Board/Officers/CommitteeEthics • All decision making will be made in the best interest of the Community as a whole, not the individual decision maker • No Board Member, Officer, Committee Person shall gain from decision making unless it is collectively for the community • Financial or Incentive Compensation will never be considered for any position • The Board, Officers and Committees will welcome any suggestions and comments from all Home/Lot Owners

29. Elections

30. PolicePresentation

31. HCHOA Hunterscovehoa@gmail.com www.hunterscovehoa.com