1. Northwood Lakes Condo Association
Annual Meeting “State of the Condominiums

2. 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

3. 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.

4. 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

5. 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 
          

6. 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

7. Pavement and Insurance
Driveways to be sealed
Potholes fixed
Pavement breaking
Saved $7,000, new insurance company

8. Social
Annual Meeting
Ladies’ Luncheons
Summer Picnics
Christmas Dinner Celebration

9. 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

10. 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”

11. 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

12. 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.

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