1 / 21

2018 Wachusett Shores and PPOA Meeting

2018 Wachusett Shores and PPOA Meeting. Sunday July 15 , 201 8. Agenda. Minutes of 2017 PPOA Annual Meeting (Posted in Lodge & on PPOA.info ) Treasure’s Report Old Business Lodge Well Property Liens on past due assessments with compounded interest New Business

mariasellers
Download Presentation

2018 Wachusett Shores and PPOA Meeting

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. 2018 Wachusett Shores and PPOA Meeting Sunday July 15, 2018

  2. Agenda • Minutes of 2017 PPOA Annual Meeting (Posted in Lodge & on PPOA.info) • Treasure’s Report • Old Business • Lodge Well • Property Liens on past due assessments with compounded interest • New Business • Suggested changes to Covenants • Lot sales and advertisement by Caldwell Bankers • Boy Scouts • Fall clean up September 15th, 9:00 am at the Beach • August 26th Annual Summer Beach BBQ • Boats left at the beach • Vote & Set the 2018/2019 Mandatory Maintenance fee • Vote and Set the Annual Pinecrest Property Owners Association membership fee 2019/2020 • Board Positions / Elections • Questions & Answers • Adjournment

  3. Thanks for the few who volunteer to help run PPOA PPOA Board of Directors and Associates Jim Ellis for goose abatement and trail maintenance Gail Orciuch for treasure’s duty and database Bob and Sherry Brooks for Lodge rentals Bill Holmans for plowing Jay Began for mowing Eric and Carol Goodhart and for entry board decorating Brendan Toupense for being Webmaster Everyone who helps at the cleanups Betty Ann Sharp for presentations slides

  4. Old Business • Lodge Well • Property Liens on past due assessments with compounded interest

  5. TOTAL NET WORTH as of 3/31/2018

  6. Total Portfolio (Investments & Cash)

  7. ACCOUNT SUMMARY AS OF MARCH 31, 2018

  8. Performance SummaryEdward Jones

  9. Summary of Costs Paid to Edward Jones

  10. Operating Budget

  11. Operating Expenses

  12. FY 2018 Budget

  13. FY 2018 Budget

  14. Year End Accounts

  15. New Business • Suggested changes to Covenants • Lot sales and advertisement by Caldwell Bankers • Boy Scouts • Fall clean up September 15th 9:00 am Beach. • August 26th Annual Summer Beach BBQ • Boats left at the beach

  16. Amendment of Covenants and Restrictions Amend covenants and restrictions by adding to Paragraph 1: All lots in this subdivision shall be used for residential purposes. No structure or building shall be erected, altered, placed or permitted to remain in any lot, other than one single family dwelling together with an appurtenant private garage, car shelter, boat house and wharf or pier. No lot which sits unimproved by a single family dwelling as set forth above may be used as a campground, or as a base camp for hunting, fishing, swimming, hiking or other recreational or outdoor activity. No tents or recreational vehicles may be erected or kept on an unimproved lot.

  17. Amendment of Covenants and Restrictions Amend paragraph 6: Substituting for the second sentence, at line 6 as follows: Annual payments plus accrued interest at the rate of 14% per annum, shall be a lien on each lot if not paid by June 15 of each calendar year. The Pinecrest Property Owners Association, Inc., its designated successors and assigns, may enforce said lien as provided by law for sales under mortgages, or as provided by Section 5 of Chapter 254 of the General Laws of Massachusetts, as the lienor shall elect. Lot owners shall be liable for administrative charges, legal costs and attorney fees incurred in any collection action or lien enforcement action and these charges shall be added to the lien as set forth above.

  18. See Proposed Maintenance Fee Spreadsheet

  19. VotingBoard Of Directors • Bill Homans President (2019), Treasurer Gail Orciuch (2019), Directors Dave Bladd (2019), Bob Brooks (2019), Dennis Majikas (2019), John Day (2019), Bill Poudrier (2019). • Clerk Eric Goodhart (2018) • Associate: Jim Ellis • Webmaster Brendon Toupense • Volunteers are needed!

  20. Thank You

More Related