Woodland Park. HOA 2017 Annual Meeting

Transcription

1 Woodland Park HOA 2017 Annual Meeting

2 Meeting Agenda Opening Comments & Agenda Introduction of the HOA Board 2016 HOA Year in Review Current Financial Statement & Balance Sheet Budget 2017 & Assessment Changes Committee Reports Board of Director Elections- 5 Positions Up for Election + Nominations from the floor Introduction of candidates Voting Community Improvements/ Upcoming Initiatives in 2017 Open to the floor/q & A Election Results Announced Adjournment

3 2017 Board Members Eric Phifer Robert Mueller Steve White Sandie Griego Windell Walters Management Company: Neighborhood Management, Inc. Beth Rossi Community Association Manager

4 Woodland Park 286 Homes 2 Major Common Areas (West & South) Retention Pond (NE) Jogging Trail (E) 2 Entrances & Brick Wall

5 Highlights Managed property repairs and improvements Continued collaboration with landscaping company (Accent) for minor improvements & planting Community sponsored Yard Sales 2016 Fall Festival

6 Financial Review 286 Community Homes 2017 Assertive collection of delinquent HOA dues $9,944 in delinquencies; 85% in 10 homes Property Liens & Pre-Foreclosure Notices Containing costs & identifying additional 2017/2018 efficiencies Fiscal controls to replenish reserves for capital projects

7 WP HOA Balance Sheet

8 WP HOA 2017 Budget GL Account Code & Description Budget Assessments $71, Interest Income $ Administrative $ Postage $ Social Committee/Community Events $5, Professional Management $9, Storage $ Association Meetings $ Legal Fees $ Audit & Accounting $1, Bad Debt Expense $ Property Tax $ Corporate Income Tax $ Commercial Package Insurance $3, Directors' & Officers' Ins. $1, Umbrella Policy $ Electricity $1, Water/Sewer - Irrigation $14, Common Area Maintenance $1, Electrical Repairs & Maintenance $ Contract Landscape Maintenance $26, Holiday Lights & Decorations $ Irrigation Maintenance $1, Contingency Fund $2,804 Income Accounts Total $71,550 Expense Accounts Total $71,550 $8,434 $5,650 $9,300 $14,000 $26,142 Mowing & Landscape Maint. Water / Sewer Neighborhood Management Legal, Audit, Accounting, Tax, and Insurance Social & Holidays Infrastructure Maintenance Administrative Electricity

9 2017 Assessment Increase The board & management has evaluated current assessments, budget, savings and expenses and has determined that an assessment increase is required Impact Factors: Average 1%-3% yearly increase in water and maintenance costs Savings & contingency emergency funding impacts $360/yr. Developer set assessment at $360/yr. Board vote decrease -$100 in $250/yr $275/yr. Vote: 10% Increase in 2017 ($250 to $275 per year)

10 Architectural Committee Review process for submission Form available at -> Documents Submit form to: ALLEN WOODLAND PARK HOMEOWNERS ASSOC. P.O. Box 1567 Allen, TX Or- Form is transferred to HOA Architectural Committee and distributed to members. Within two(2) weeks, members review application, communicate over , and possible visit with the homeowner. Approval is polled and acceptance of the application is transferred to NMI and homeowner

11 Communication Formal HOA Communication Website YAHOO > transitioning to > FACEBOOK Local community homeowners have started a Facebook page: FACEBOOK GROUP : WOODLAND PARK COMMUNITY Yahoo Groups / Facebook is a community controlled discussions and is not the formal board communication forum The board will use as a cost effective means for communication. All home owners are encouraged to visit and register an at

12 Committees Architectural Committee Communications Committee [ NOT ACTIVE ] NEED VOLUNTEERS Newsletters, Directory, General Mailings Social Committee NEED VOLUNTEERS Community Yard Sales, Socials, National Night Out Welcome Committee [ NOT ACTIVE ] NEED VOLUNTEERS New home owners Meet & Greet Safety Committee [ NOT ACTIVE ] NEED VOLUNTEERS Safe Houses, Watch Program, Block Captains

13 Board of Director Election Re-electing 5 Board Members for 1 Year Term Call For Nominations Introduction of Candidates Ballots & Voting Thank you for your participation and patience

14 2017 Property Improvements Following property improvements under consideration (in order) Replanting dead plants in entry flower beds ( xeriscaping ) New soaker system for ground level flower beds Ground cover addition / expansion in muddy areas Rebuild ground level flower beds Replace front entry sign lighting New Trees in empty locations (prior tree locations)

15 Property Improvements

16 HOA Social 2017 Fall Festival 2016 Fall Festival managed by GS Troop 1746 Girl Scout - Community Service Project Past Festivals: Meals Served 300+ Attendance Food, Drinks, Entertainment, Fun

17 Allen Water Schedule

18 July 4 th Celebration (June 24 4Pm) Reminder that on June 24th the City of Allen will host their Allen USA Celebration and Allen s massive fireworks show!! Featuring Emerald City Band performing at the main stage Woodland Park Reminders The HOA and the community can not block cars from parking in public streets The HOA encourages homes to be social and invite neighbors, friends and family to their homes prior to the event to guarantee parking. Please notify the Police if you see any illegal or questionable activities in the neighborhood. To learn more about the Market Street Allen USA Celebration visit

19 2017 Board Goals Expand community participation and re-establish committees Infrastructure improvements with landscaping and repairs Plan propety and park improvements; Develop long term improvement strategy Maintain homeowner value Questions & Answers