Northwood Lakes Condo Association Annual Meeting “State of the Condominiums - 2016
What do you get for your money? Lawn Mowing Lawn fertilizing Trash pickup Mulching of common areas Gutter cleaning Yearly grub control Street and driveway maintenance Weeding around unit Full replacement value condo insurance Thrice yearly leaf cleanup Snow removal Twice yearly shrub trimming Free fishing Tree trimming from units/streets Foundation repair Community entrance lighting Gutter and downspout repair Entrance and common area landscaping Roof repair and replacement Pond maintenance Condo siding replacement Pond bubblers and fountain External chimney repair Pest control, ants/spiders etc. Condo exterior repainting
Association and Owner Responsibilities Association Owner Dwelling Exterior Dwelling Interior Garage Exteriors, Except Doors Garage Doors, Floors & Threshold * Front Porch Patios & Rear Porches Border Fencing Patio & Privacy Fencing Window Framing & Trim Windows * Door Framing & Trim Doors, Storm Doors * Vinyl Chimney Surround Chimney & Metal Chimney Caps Brick & Wood Siding Fireplace Flues & Chimney Flues Attic Framing Skylights * Attic Insulation Interior Drywall Cracks Attic Soffit & Roof Vents Furnace, A/C & Water Heater Systems Unit Firewalls Interior Fixtures Unit Foundation Telephone & Security Systems Sidewalks & Exterior Steps Irrigation Systems Retaining Walls Awnings Roof, Gutter & Downspout Repair Street Lights Ponds & Bubblers & Fountains Exterior Water Faucets Community Signs Roads, Driveways & Sealing * Owners are responsible for all parts that normally come with window, door & skylight kits.
Treasurer’s Report 2016 budget - $228,342 Includes Reserves Ever increasing expenses Working hard to cut costs Fee increase necessary Recover from $100,000 in unexpected expenditures Catch up Reserve Fund
Yearly Per dwelling costs? Lawn - $265 Snow - $67 Mulch - $18 Tree/Bush trim - $203 Tree Removal/Replacement - $176 Leaf Removal - $39 Fertilize/Weed/Grub - $89 Landscaping - $15 Ponds - $29 Maintenance - $194 Trash/Recycle - $95 Insurance - $312 Utilities - $25 Legal - $20 Treasurer Salary - $37 Postage & Printing + One Call Now - $8 Federal Tax & Prep - $4
Pond Maintenance - $2354 last year Ponds and Fences Pond Maintenance - $2354 last year Fence rails and posts replaced - $165 Fish in ponds – Largest number ever
Pavement and Insurance Driveways to be sealed Potholes fixed Pavement breaking Saved $7,000, new insurance company
Social Annual Meeting Ladies’ Luncheons Summer Picnics Christmas Dinner Celebration
Siding needs replacing Units need staining Finish ash tree removal Areas of concern! Units are older, 1989 Much needed maintenance Siding needs replacing Units need staining Finish ash tree removal Driveway/road sealing/replacement
More concerns Need for Condo philosophy adherence Some owners willing to lessen maintenance to save fee costs Fewer owners willing to serve community All owners need to print association documentation for own records Available on website – “About us”
Goals for 2016 Maintain community appearance Major maintenance on aging units Driveway/road sealing/repair Increase property management role Maintain quality contractors Greater flow of information
Northwood Lakes Condominium Board Achievements for 2016 Hired Property management firm Completed financial audit - $5,000 Financial audit, excellent financial outcome Ash Tree Removal – 12 trees Tree Replacement – 28 trees Attic Drywall Improvements completed Property boundary survey completed Snow removal minimal, little snow, little cost Gillam has Improved Service and not raised prices Reserve Study Updated Saved $7,000 on insurance premiums Will save $3,000 by not paying secretary/treasurer Low ratio of empty to full condos compared to other associations Offered numerous social functions (luncheons/picnics/dinner) throughout the year Added new nails to gutters and lawn popups to downspouts Revised the Rules and Regulations for 2016 Painted entrance letterings white.
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