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Annual Homeowners Association Meeting: Agenda and Updates for October 11, 2011

Join us for the Annual Homeowners Association Meeting on October 11, 2011. Today's agenda includes meeting the directors, a president's update, project reports, and a financial overview highlighting our strong home values and recovered funds. We will discuss completed and ongoing projects, including irrigation upgrades and playground enhancements. Additionally, we will share the proposed 2012 budget, addressing dues adjustments and reserve fund updates. Participate in elections for two director positions. Engage in the Q&A session to voice your thoughts and make a difference in our community!

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Annual Homeowners Association Meeting: Agenda and Updates for October 11, 2011

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  1. Annual General Meeting Home Owners Association Tuesday , October 11th, 2011

  2. Today’s Agenda • Meet the Directors • President’s Update • Highlights for 2011 • Project Report • 2011 – Finance Report • Proposed 2012 Budget • Elections and Voting • Question and Answers

  3. Meet the Directors • Brad Halbach • Shylleza Vasisht • Chadd Merrigan • Anna Martca (Interim Director) • Ashish Arora – (Interim Director)

  4. President’s Update • Woodbridge home values strong in current market • # 12 homes sold Year to Date • Most homes are not on the market very long • Stolen Funds Recovered – Criminal Case Finalized • Amount of $54,860 on March 4th, 2011 • Director Changes • Shobhit> Anna Martca • Venkat > Ashish Arora

  5. Highlights and Updates for 2011 • 4th of July – Great turn out and great weather • More ice cream and popsicles next year Completed Projects • Irrigation Upgrades • Areas with no coverage new zones installed • Relocation of sprinklers around swings • Bench Replacement • Rubber tile installation in playground

  6. Projects In Progress • New swings in Phase 2 Park(Redmond Grant) • Drainage upgrades in Phase 3 North Park • Tree Replacement • Buffer around ponds

  7. YTD Income & Acct. Balances

  8. 2011 Expenses

  9. Annual Dues for 2012 • Reserve Funds • $70,000 reserve has been established • Current reserve is sufficient and for future emergencies • Dues to go down to $500 SF and $300 TH • We continue to reduce fees annually but want to continue to budget for projects • Projected $65,000 checking balance at EOY • We are issuing a one time credit toward 2012 dues. • $150 SF and $90 TH – Credit • Net 2012 dues: $350 SF and $210 TH

  10. 2012 Budget Income

  11. 2012 Budget Expenses

  12. Open Nominations • What are you passionate about? • Parks, Events, Administrative, Social • Your chance to make a difference! • Influence community decisions

  13. Election of Directors • 2 Director posts up for elections • Term ending 2014. • Candidates for Director’s posts • Anna Martca • Ashish Arora • Any other nominations ?

  14. Open Forum • Question and Answers

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