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Willowbrook Crossing HOA

Willowbrook Crossing HOA. 2010 Annual Meeting November 10, 2010. Agenda. Introductions 2010 Overview Financial Review 2011 Improvements 2011 Nominations/Election. Introductions. HOA Board Members: Richard Williams – President Doug McCoy – Interim Vice President/Secretary

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Willowbrook Crossing HOA

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  1. Willowbrook Crossing HOA 2010 Annual Meeting November 10, 2010

  2. Agenda • Introductions • 2010 Overview • Financial Review • 2011 Improvements • 2011 Nominations/Election

  3. Introductions • HOA Board Members: • Richard Williams – President • Doug McCoy – Interim Vice President/Secretary • Larry Whatley – Interim Treasurer • Landscaping/Maintenance: • Mark Davis – Property Restoration Solutions

  4. 2010 Overview • Communication • Website • Facebook • Quarterly newsletters • Administrative Enhancements • Expense Management • Reduced landscaping and legal costs • Community Improvements • Sanded and repainted gazebo and arbor • Landscaping – trees, seasonal flowers, lighting, etc. • Re-graveled pathway in common area • Installed pet waste stations & trashcans in common areas • U.S. flags • Community Events • Annual Garage Sale

  5. Financial Overview • Beginning Balance – Jan. 1st, 2010 • $9,935 • Current Balance – As of Nov. 8th, 2010 • Deposits - $63,234 • Expenses - $43,774 • Balance - $29,395 • Projected Closing Balance – Dec. 31st, 2010 • $18,395 (assumes no deposits) • Outstanding HOA Dues – • Current Receivables - $29,717.48 (Does not include 2010 late fees) • 46 of 259 homes owners have a balance • Several homeowners have setup payment arrangements • Projected 2011 HOA Dues – • $235 - $240 range ($10 - $15 reduction from 2010)

  6. 2010 Expense Review

  7. 2011 Proposed Improvements • Sand and Paint Fences • Estimate - $9,000 • Sub-Division Sign • Storage Shed • Violation enforcement

  8. Nominations for 2011 HOA Board • Richard Williams – HOA President • Doug McCoy - ??? • Larry Whatley - ??? • Nominations from the floor

  9. Election • One vote per household • HOA Dues must be paid in full to cast a vote and/or hold a position • Elected board members will assume responsibilities immediately

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