Northwood Lakes Condo Association Annual Meeting “State of the Condominiums””

What do you get for your money? Lawn Mowing Trash pickup Lawn fertilizing Gutter cleaning Mulching of common areas Street and driveway maintenance Yearly grub control Full replacement value condo insurance Thrice yearly leaf cleanup Snow removal Twice yearly shrub trimming Free fishing     Tree trimming 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 Chimney Repair Condo exterior repainting

Treasurer’s Report 2009 budget - $134,169 Ever increasing costs Working hard to keep costs down Fee increase minimal $18 to $20 approx 4.6%

Yearly Per dwelling costs? Lawn - $249 - $13/ea, mowing Snow - $94 - $16/ea. plowing Mulch - $18 per unit Roads and driveways - $60 Tree/Bush, trim/ - $170 Roofs - $477 Siding/Gutters - $97 Chimneys - $27 Ponds - $29 Trash - $77 Paint - $65 Insurance - $134 Fertilize/Weed/Grub - $72 - $14/ea. application   Leaf Removal - $48 Total = $1617 per unit            

Pond Maintenance - $2354 last year Ponds and Fences Pond Maintenance - $2354 last year Fence rails and posts replaced - $165 Fish in ponds – Adding carp to keep ponds clean

Pavement and Insurance Driveways need sealing Potholes fixed Pavement breaking Cost to replace $????

Insurance covered 25 total and 4 partial roof replacements Cost of Maintenance New Roofs –$400,000 this year Insurance covered 25 total and 4 partial roof replacements Association paid for 4 partial and 4 overlays New Siding- $2,000 per unit New Chimney Surrounds - $700 Unit painting – 7 units per year - $764

Social Annual Meeting Men's Breakfasts Ladies’ Luncheons Ice Cream Social Summer Picnics Christmas Open House

Siding needs replacing Increasing grounds costs Dying trees/shrubs Areas of concern! Units are older Needed maintenance Siding needs replacing Increasing grounds costs Dying trees/shrubs Driveway/road sealing/replacement

More concerns Everyone should have a copy Need for Condo philosophy adherence Reason for Rules/Regulations, Bylaws and Declaration Protect condo values Maintain appearance of community For Variations….request board approval Everyone should have a copy Available on website

Goals for 2009 Maintain community appearance Finish roof replacement – early summer 2009 Plan for driveway/road replacement Spfld Condo Network (12 associations) Maintain quality contractors Increase senior safety Greater flow of information

Come visit our web site northwood-lakes-condos.com