Approve Meeting Minutes Landscaping. Architecture. Finance / Vote on 2019 Dues. NUGA and City of Duvall Updates

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2 Introductions Approve Meeting Minutes 2018 Landscaping Architecture Finance / Vote on 2019 Dues Vote for Open / Term Completion Board Positions NUGA and City of Duvall Updates

3 President Brett Newell (Jan 2018 to Jan 2021) Treasurer Karen Hausrath (Jan 2017 to Jan 2020) Secretary Rob Parnell (Jan 2018 to Jan 2021) Landscape Open (Jan 2019 to Jan 2022) Architectural Dorothy Lengyel (Jan 2018 to Jan 2021) Member at Large Open (Jan 2019 Jan 2021) Member at Large Carly Boudreau (Jan 2017-Jan 2019) Term expiration dates are in parentheses. Terms are 3 years except for Member-at-Large which is 2

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5 Washington Landscape Hired 2017 Good work and lower cost (increase of less than $1000 for 2019) $9, / yr

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13 Roofing Homes added new roofs Homes added new roofs New Roof Installed - In % (129 / 141)

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16 Kathleen Kapla, Of Counsel, Keyes Fox & Wiedman LLP 16

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21 Review the Budget

22 2018 Budget 2018 TOTAL Actual Expenses % Budget Used Landscape Maintenance $13, $9, % $3, Repair & Maintenance $7, $ % $6, Power $ $ % $ Water $6, $5, % $1, Legal $1, $ % $ General Liability Insurance $2, $2, % $25.00 Directors & Officers Insurance $2, $2, % $80.00 Commercial Crime Liability Insurance $50.00 $ % $40.00 Taxes $75.00 $ % ($81.87) Miscellaneous/Office Supplies $ $ % $0.76 TOTALS $33, $20, % $12, Diff Recommend increasing to $200 Year End 2018 (Checking) Surplus $25, Current Balance Year End 2018 (Savings) Capital Reserves $25, Current Balance $50, Total Est. to carry over Recommend transferring $5K - $10K to Capital Reserves (Savings)

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24 Vote on 2019 HOA Dues

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33 Annual HOA Meeting 1 ST Week in Nov Assessment Mailed previous year Due Date for Year Being Assessed December 31 January 31 Late Fee Notice Sent First Week in Feb and each month following if not paid $20 Late Fee Due along with Annual Assessment + 12% interest per annum Due in Feb, Mar, April, May if not paid At 4 th Month (120 days) Statement Mailed to Home Owner if not paid by 15 th of 5 th month a lien will be filed for total amount

34 Actual Schedule Annual HOA Meeting Assessment Mailed Due Date for Year Being Assessed FEB/MAR April May 8 Late Fee Notice Sent June, July, Aug, Sept, Oct $20 Late Fee Due along with Annual Assessment + 12% interest per annum Total Cost of Dues + Late Fees At 4 th Month (120 days) Statement Mailed to Home Owner if not paid by 15 th of 5 th month a lien will be filed for total amount Not Enforced, lien process is difficult to manage, not clear how, research online does not give much info

35 Schedule Annual HOA Meeting Assessment Mailed Due Date for Year Being Assessed FEB March 1 March 31

36 Date Late Notice will be Sent Cost April 1 May 1 (30 days late) June 1 (60 days late) July 1 (90 days late) August 1 (120 days late) Courtesy Notice will be sent to all delinquent home owners If not paid in full by May 1, delinquent home owner will start to accrue a $20 late fee plus annual assessment. Interest 12% interest per annum will be charged monthly Notice sent to delinquent owner including late fees, interest, assessment will need to be paid in full Notification to the delinquent owner, that the Taylors Ridge Association will send a notification to attorney to file the lien Referral to Attorney - notification sent to delinquent owner all communication will Home owners will receive a notice as a reminder if annual assessment is not paid in full by April 30, a late fee charge of $20 will be applied and will accrue on the 1 st of each month that an account remains delinquent plus 12% interest Delinquent Home Owner will owe (example) $200 for annual assessment $20 late fee %12 interest (principal amount of delinquent assessment) $200 x.12 = $24 + $20 Total = $ Delinquent Home Owner voting rights suspended Matter can be turned over to attorney for collections, that will include attorney fees, and accrued late fee, interest, and assessment dues will be included Lien can be filed against the Lot in the amount owed, including assessment, late fees, cost of collection, including cost to prepare and record the lien Attorney Fees, attorney to file the Lien, including assessment, late fees, cost of collection, including cost to

37 Violation Warning Notice Sent Cost Date of Violation / Infraction Notice of Violation 30 days Notice of Violation may request a Hearing Taylors Ridge will draft a warning letter of infraction. Some situations might require immediate action, unless otherwise stated in warning letter. 30 days to correct the action Violation of Governing Documents will result in a written Notice of Violation stating that a $50 fine will be imposed and payment due in 30 days. Within 20 days of warning notice, the Lot in violation will send a written request to the Board for the Hearing. 60 days Voters rights suspended No Cost $ days Fine increases to $100 $100 Fine increases by $50/mo every 3 months $50 Exceeding 6 months Increases $150/mo and $200/mo exceeding 9 months, max $500/mo