Westridge Estates Annual HOA Meeting Thursday, November 12 2015 Board Members: Jacque Buchanan, Gary Callahan, Joe LaGrotta, Judy McKernan, & Jack Morgan

Agenda: Westridge HOA Meeting Welcome & Approval of Last Year’s Minutes Security and Neighborhood Watch Barbara Bennett, Sheriff's Office Board Activities of Past Year Westridge Finances Covenants & Rules Current & Next Year Projects Homeowner Suggestions

Welcome to the Neighborhood John and Ferri Erickson 4807 Westridge Dr. Chuck & Missy Delruesie     2710 Westridge Ct. Robin A Dipasquale & J John Kinczewski   5115 Westridge Dr.

Agenda: Westridge HOA Meeting Welcome & Approval of Last Year’s Minutes Security and Neighborhood Watch Barbara Bennett, Sheriff's Office Board Activities of Past Year Westridge Finances Covenants & Rules Current & Next Year Projects Homeowner Suggestions

Security and Neighborhood Watch Barbara Bennett Crime Prevention Unit Larimer County Sheriff’s Office

Board Activities of Past Year 1. New property management company 2. New mailboxes. 3. Updated directory.

Board Activities of Past Year 4. Replaced/repaired neighborhood fence. 5. Neighborhood weed program (sprayers, herbicide, advice). 6. Updated Neighborhood Rules & Regulations; Developed HOA Procedures Document. 7. Property assessment (annual dues) and covenant violation issues. 8. Four quarterly board meetings. 9. New neighborhood insurance, effective July 1 (Farmers Insurance).

Board Activities of Past Year 10. Dean Schilling evaluated trash haulers, decided to stick with Waste Management. 11. Trash day for neighborhood. Collected and hauled neighbors trash to landfill. 12. Realtor Communications (covenants, county policy regarding neighborhood management and land use. Westridge Estates opposed to lot sub- division (county law prohibits). 13. Weeds in open spaces and along County Road 38E sprayed this summer. 14. New board member chosen for Architectural Control Committee.

Financial Highlights 2015 2016 Budget Income Actuals Annual HOA Dues $9,182.00 $8,550.00 Fees, Late $170.72   Other Total Operating Income $9,352.72 Other Income (Interest, Fees) $65.00 TOTAL INCOME $9,417.72 $8,615.00 Budget: Expenses Expenses Administration Expenses Mgmt Fees $2,010.00 $0.00 Insurance $917.00 $962.85 Admin Fees $240.49 Acct/Tax Prep/Professional/HOA state file $28.39 $40.00 Legal $100.00 Rough Estimate Other (Office) $34.69 $200.00 Administration Subtotal $3,230.57 $1,302.85 Maintenance Electricity $382.00 $420.00 Maintenance - Fence, Supplies $104.00 $500.00 Dumpster $136.00 Bike Path Other (Weed Ctrl) $250.00 $1,000.00 Maintenance Subtotal $872.00 $2,220.00 Special (One Time) Social Events Mailbox $1,105.00 Special Subtotal Reserves/Capital Expense - Street TOTAL $5,207.57 $4,022.85

2016 Budget Income 2015 YTD  Income (loss) Net Income (loss) $4,210.15 $4,592.15 Net Income (loss) less one time Expenses $5,315.15 $5,092.15 EOY 2015 EOY 2016 Ending Balance $7,561.23 $11,084.08 Westridge CD $11,937.76 $11,987.76 TOTAL ASSETS $19,498.99 $23,071.84

Reminder Covenants/Rules Atlas Management not monitoring for past three months. Westridge HOA will begin monitoring again shortly. Please, ensure RVs, boats, etc. are stored in ACC-approved structure or off-site. Keep garbage cans stored.

Current & Next Year Projects HOA Assume Management of Westridge Modernize Westridge Record-Keeping Develop Neighborhood Weed Program Private lots Common areas Ditches

Changes for Next Year Initially we will be a Self Managed HOA i.e. the board will do all the billing and management. The HOA address will be: Westridge Estates HOA, 4602 West Ridge Drive, Fort Collins, Colorado 80526 The HOA will have generic email addresses as follows: president@westridgeestates.net; treasurer@westridgeestates.net; secretary@westridgeestates.net

More Changes for Next Year Dues will be due February 15, 2016 and checks will be paid to the new HOA address. Invoices will be mailed before January 15, 2016. The current board will remain for 2016. However, three new board members will be elected in November 2016. Looking for new blood. Officer election will occur at the next board meeting and more details of self management will be decided. (November 24, 2015). All are welcome to attend.

Questions and Comments It is your turn to speak.