1 / 12

Murray Lane Properties Common Facilities Association, Inc.

Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 15 th , 2006. Agenda. Introductions Approval of preceding meeting's minutes Association Overview Reports of Officers Reports of Committees Unfinished Business New Business Adjournment.

fraley
Télécharger la présentation

Murray Lane Properties Common Facilities Association, Inc.

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. Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 15th, 2006

  2. Agenda • Introductions • Approval of preceding meeting's minutes • Association Overview • Reports of Officers • Reports of Committees • Unfinished Business • New Business • Adjournment

  3. OverviewWhat Is The Murray Lane Properties Common Facilities Association, Inc.? • A Tennessee non-profit corporation created in 1989 • Establishes certain shared recreational facilities (i.e. the pool and pavilion) for the benefit of “Constituent Associations” • Originally no more than 250 lots nor more than 7 homeowner associations

  4. Overview Ownership & Governance • Two “Constituent Associations”: Highland View and Waterford • Owners from each neighborhood are automatically members • Each Association is entitled to appoint 1 representative (President or equivalent officer) • Voting is Association’s allocated %

  5. 2005-2006 Organizational Structure

  6. 2005 Year In Review • The big story from 2005 is that it was a quiet year! • No major repairs! • No damage due to vandalism! • Planned renovations completed included: • Re-plastered the interior surface of the pool • Added second set of step • Added some flowers and other landscaping • Expanded social activities with Waterford

  7. Treasurer’s Report- 2005 Reserves

  8. Treasurer’s Report5 Year Change In Reserves • Change from $64,131 to $38,630 ($25,501) • Drawdown relates to planned capital improvements: • Pool deck/pavilion floor resurfacing • Re-plastering of interior • Kiddie Pool resurfacing • 2nd step added • Fence repairs and upgrades • Improved lighting

  9. Treasurer’s ReportExpenditures Since 2000 Average: $31,538/home Averages: $295/home $232/home (without pool repairs)

  10. 2006 – New Business • Major capital projects are complete, except: • Roof (Should have at least another year) • Projects already in progress (lights and some landscaping) • Opening day preparation (painting of doors and ceiling) • Increase volunteerism / succession planning • Increase social activities between Highland View and Waterford And.....

  11. Have Fun!

More Related