1. Summerlane at the District HOA
Includes 274 Townhomes
Not Over Clubhouse – (Recreation/Amenities HOA is; it is currently Garbett, however in the future Summerlane at the District will have 1 of 3 positions)
Reminder, please follow clubhouse rules (no alcohol, unattended children, or vehicle storage)
Summerlane Board is currently Garbett & 3 Home Owners

2. Financial Situation of HOA
Accounting Firm Audited
Reserve Fund Analysis Performed
Budget & Financial Plan Created
Expenses have Increased
Reserve Fund – Not Enough Money
Garbett – Should Have Increased Rates Sooner
Garbett - Failed to Create a Reserve Fund When it Should Have
As of Dec Past Due HOA Fees $25,903.39

3. HOA Monthly Rates Currently $125
Increase Mainly Due to Reserve Fund Short
Also Maintenance Cost More than Double Treo/Garbett Budget
Also Water Over Budget by $14K
Estimate need to increase to $150 in 2020
Estimate need to increase by $25 every 5 yrs

5. Turnover Checklist Review governing documents
Learn about common areas & maintenance responsibilities
Review plats, plans, engineering drawings, guarantees, warranties, bonds, & contracts that involve common areas & maintenance
Inspect common areas & association maintained items
Delineate association maintained items vs. home owner maintained items

6. Turnover Checklist
Review operational policies/schedules Garbett formulated for maintenance
Review insurance policy determine if it is adequate
Inform owners of association’s coverage & what coverage owners should carry
Review process for assessment collection & enforcement
Review budget & gain understanding of how it is being recorded & tracked

7. Turnover Checklist Review procedures for expense approval
Conduct an Audit of financial records
Review Reserve Fund Analysis & current funds in reserve
Review governing documents for architectural review
Review governing documents & existing policies, procedures, rules & regulations
Review procedures for notice of violation, hearing, & appeal

8. Turnover Checklist To Do
Investigate Options for HOA Management
Review Contracts & Contractor Performance
Hold a Turnover Meeting

9. Current Status of Turnover
Simplifying CC&R’s
HOA Lawyer Meeting with Garbett
Requesting Money for Common Area Repairs
Requesting $100,000 for Reserve Fund

10. Who Pays Building Burns Down You/Your Insurance pay up to $10,000
HOA Insurance Pays Rest
Windstorm Damages Roof
Exterior Maintenance
HOA Reserve
Minor Exterior Repair (gutter leak)
HOA Maintenance Fund

11. What Insurance Do You Need
HO6 Insurance
$10,000 Dwelling Coverage (Coverage A)
The Community Does NOT Have Earthquake Coverage

12. COMCAST CABLE SERVICE
Despite the 10 year Contract Garbett Signed, our HOA Lawyer Assures us that we can have Comcast come in as soon as Turnover is Completed

13. Scheduled HOA Items Painting Flowerbeds Shrub Replacement/Trimming
Tree Replacement/Trimming

14. Other Snow Removal Dog Poop Reminders
HOA only provides snow removal on private roads
If you have a concern regarding public roads contact South Jordan City at
Dog Poop
Please be responsible pet owners
Reminders
Professional tree trimming was scheduled, but had to have expensive emergency clean up instead
Someone left “free” furniture HOA had to pay to remove

15. Don’t Forget Provide an E-mail Address
If you would like a copy of this presentation
If you would like newsletters that we may begin to send
If you would like to participate in HOA surveys (first up – garbage cans, next – fountain replacement)

16. SummerlaneHOA@googlegroups
Treo is First Point of Contact After Turnover – Start Holding Regular Monthly Meetings with ½ Hour Set Aside for Home Owner Concerns