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Reserve of Turpin Annual Membership Meeting April 18, 2018

Published byFanny Brodbeck Modified over 5 years ago

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Presentation on theme: "Reserve of Turpin Annual Membership Meeting April 18, 2018"— Presentation transcript:

1 Reserve of Turpin Annual Membership Meeting April 18, 2018

2 Agenda Call Meeting to Order Roll call/Establishment of a Quorum
Election Managers Report Key Board Reports Community Questions/Comments Election Results Clough Crossings Drawings Adjournment

3 Manager’s Report Patrick Rakes of Towne Properties
Manager’s Comments Election

4 Towne Properties Manager’s Comments Patrick Rakes
Extended record of fiscal stability Long range financial planning Fiscally responsible board Community is 24 years young – 1994 to 2018 Repair and replacement programs Entrances Rec Facilities Crest Building repairs Communications with residents

5 President’s Report Rob Smith
Introductions and Comments Association Fee History

6 Playground Ready for Kids!! Tom Hodges

7 Fee History 2011-2018 Rob Smith Crest 147 156 159 165 180 188 194 194
Crest Rec 4.0% % % % % % 2.7% %

8 2018 Fee Structure Rob Smith
Operating Expenses - Grounds/Maintenance Payroll, Repairs, Supplies, Snow Removal, Insurance, etc. Replacement Reserves Crest Rec. Maintenance & Repairs $118 $ 33 Replacement Reserves $194 $ 37 Replacement Reserves Fund Tracking with our Long Range Plan

9 Treasurers Report Margo Macon
THE CREST - RESERVE OF TURPIN BALANCE SHEET December 31, 2017 December 31, 2016 ASSETS Total Cash For Operations 82,514.20 60,606.62 Total Cash For Reserves 526,230.01 476,653.86 Net Fixed Assets / Other Assets - Total Current Assets 608,744.21 537,260.48 LIABILITIES EQUITY Total Equity Total Liabilities and Owners Equity

10 Treasurers Report Margo Macon
REC. FACILITY - RESERVE OF TURPIN BALANCE SHEET December 31, 2017 December 31, 2016 ASSETS Total Cash For Operations 37,651.94 15,395.79 Total Cash For Reserves 119,588.45 106,049.66 Net Fixed Assets / Other Assets 3,438.06 Total Assets 160,678.45 124,883.51 LIABILITIES - EQUITY Total Equity Total Liabilities and Owners Equity

11 Grounds/Buildings Report Tim Stallsworth
Mulching Moles Austrian pine disease Spring walk-through Focus on preservation of green & common areas

12 Grounds/Buildings Report - 2017 Projects Tim Stallsworth
Crest Buildings Crest annual trim and deck painting New painting company Schedule posted on the Reserve of Turpin website Concrete and asphalt repairs Painting schedule posted on RoT website. Just completed 3 buildings on Walnutview – Deb will provide more details. Repairs of concrete & asphalt deterioration will demand more of our future reserve spending.

13 Crest Roofing Project Update
Buildings Deb Caley Crest Roofing Project Update Started in 2013 with completion scheduled for 2022/23 36 Buildings with 25 completed to date 3 Buildings on Walnutview just completed for 2018 3 Buildings on Silverfox to be scheduled for 2019 Expenditures to date = $607,662 Estimated total cost $1.2M - $1.4M from long range reserves On schedule/ below budget

14 Buildings/Grounds Rob Smith
Crest Replacement Exterior Lights New Rule Outside Light Replacement for Crest Homes Standardize replacements – antiqued brass Contact Patrick Rakes before purchase Purchase recommended fixtures at Central Light – Keidel or online Specifications on the ROT website Homeowners responsibility per HOA docs. New rule based on Bylaws: Article XI, Section 4. The board may adapt such rules and regulations to enhance or beautify the community.

15 Buildings/Grounds Rob Smith Crest Exterior Replacement Lights
Homeowners responsibility per HOA docs.

16 Housekeeping Committee Report Patrick Rakes – Towne Properties
Signs Trash Cans/Pods Dog Clean-up/Leash Control Wooded Common Areas Feeding of Animals Satellite Dishes

17 Recreation Area Bill Wolf
Projects Club House Mulched landscape and replaced bushes Cracks in parking lot repaired Pool Purchased new furniture Tennis Court Repair of large surface crack and drainage issue

18 Recreation Bill Wolf Recreation Guideline Reminders
Pool Association members and guests Pool hours 10:00 am - 9:30 PM Pool opening Sat., May 19, 2018 Tennis Court Hours 9:00 am - 9:00 pm 1 Hour of play if other members are waiting No pets, or uses other than tennis Association members and guests only Club House Please reference the HOA’s Homeowners Handbook or for rental information Basketball/Playground Hours 9:00 am - 9:00 pm

19 Capital Improvements Committee Richard Jefferys
Purpose of the committee Accomplishments during the past year Items currently being considered Request for input for new items to be considered by the Board of Trustees

20 Agenda Call Meeting to Order Roll Call/Establishment of a Quorum
Election Managers Report Key Board Reports Community Questions/Comments Election Results Clough Crossings Drawings Adjournment

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