1. Suwanee Station Master HOA
2016 Annual Meeting
5 December 2016

2. Introductions Laura Lazar, Parkside Management,
Barbara Allen, Master HOA President
Ryan Neilan, Master HOA Vice President
Anne Marie Scrudato, Secretary
Roger Luque, Master HOA Treasurer
John Maison, HOA at Large

3. More introductions Brian Robinson, Townhome President
Sally Ann Quesinberry, Townhome at Large
Michael Philips, Cove President
Kerri Rucker – Dog Stations, Thank you!!

4. Who are we 410 Total Units Retired and Empty Nesters Singles Familys
297 Townhomes
112 Single Family Homes
1 Commercial Property
Retired and Empty Nesters
Singles
Familys
Lots of kids

5. Communications 2 Annual Mailings Suwanee Station HOA Website Facebook
Suwaneestationhoa.com
Neighborhood Wide Eblasts come from this site
83 Eblasts in 2015 vs 80 in 2014
Facebook
Suwanee Station HOA – open for discussion
PACT Meetings – 3 per year

6. FINANCIAL UPDATE Treasurer – Roger Luque
Current Financials
Balance Sheet
Income Statement
2017 Budget
Homeowner Contribution - $74/month

7. 2017 Budget Overview

9. SOCIAL COMMITTEE Chair: Paul Manowski/Vicki Luque
2016 – Pool Parties, Santa Visit, Outdoor Movie, Christmas Party, Potlucks,
2017 – Budget of $12,000

10. Pool committee Chair – Open
NEEDED VOLUNTEER FOR 2017 POOL CHAIRMAN

11. Tennis committee Chair – Open
New committee to review Tennis Rules and options for on site Tennis Pro – working with Alex Calero
Sponsored Adult Drills
Held 2 Adult Mixers
Provided courts for Special Olympics Practice
Provided courts for Collins Hill High School
Tennis Income …. $2215

12. Volunteers Yes that means you!!!
All of our committees could use some extra help. Your time is really a commitment to a great neighborhood and is appreciated by the boards. So if you can’t be on a board maybe just a little of your time next year would go a long way to a continued great place to live.
Court Committee
Pool Committee
Social Committee
Clubhouse Committee
Landscape Committee – New for Master

13. What we did in 2016 Lighting Improvements Erosion Repair Upper Pond
Sidewalk Lighting from Clubhouse to Tennis Courts
Accent Lighting for Clubhouse
Erosion Repair Upper Pond
Lower Pond Inlet Channel Maintenance
Clubhouse Window Replacement
Pickle Ball Courts
Upper Pond Dredging – by Quintus Corporation
New Playground Benches Ordered

14. Lighting

15. Erosion Control

16. What can we do in 2017 Add Children’s Play Pool/Deck Expansion
Add Tennis Viewing
Reupholster Furniture/Replace Clubhouse Furniture
Lower Pond Maintenance
Upgrade Fountain area in front of Clubhouse
Irrigation Upgrade

17. Pool Deck Expansion

18. More…. Continue to accrue for future expenses HVAC – 2 units Roof
Parking Lot Replacement
Tennis Court Resurface
Pool Resurface
Clubhouse Painting - Exterior and Interior
Lower Pond Dredging

19. A Look at our Reserves Reserve Balance $466,520 December Contribution
$7,987
$474,507
Emergency Fund
-$32,000
Accrued Funds through 2016
-$167,547
Available for 1 January 2017
$274,960
2017 Contribution
Members
$86,000
Enclave
$80,000
KM Homes
$41,500
Total Available for 2017
$482,460
2017 Accrual
-$103,220
Projected Expenses
-$317,000
Projected 2017 Ending Balance
$62,240

20. 2015 Reserve Study Update
Take time to look over this reserve study. You will really begin to understand how we maintain your neighborhood.
Located on Association Website for your review
Used to plan for future financial needs
Used to plan for maintenance and repair of facilities

21. Covenant Amendment
Master Covenants allow cost sharing which we agreed to with The Providence Group and KM Homes.
Found out that since they were not members or sub association of the Master, their income would be taxable.
Initial contributions of appx $120,000 could be taxable if they did not pay direct for deck expansion improvement.
Ongoing annual fees of $98,568 would be taxable at rates up to 35% if they were not members
By annexing each parcel, the new neighborhoods would have their own association similar to the Cove and Townhomes thus making them members of Suwanee Station Association, Inc. (Master) and eliminating the potential tax liability.

22. Effect of Potential Tax
Using a 30% tax rate the cost to the Master Association would be $29,563 per year.
Once all units are sold that is $56 per year or $4.70 per month per unit.
By annexing the parcels, that $29,563 expense can now be used towards operating and capital improvements.