1. SPRING CREEK COURT HOMEOWNERS ASSOCIATION, INC.
2018 Annual Meeting of Association Members April 19, :00 p.m.
St. Timothy’s Anglican Church 6810 Louetta Road, Spring, TX 77379

2. Agenda Election Results Community Issues Holt & Young PC Q&A
Establish Quorum; Call to Order
Reading of Minutes: 2017 Annual Meeting
Introductions
Election of Directors (2)
Financial State of the Association
Election Results
Community Issues
Holt & Young PC
Q&A
Adjournment 2

3. Establish Meeting Quorum
Call Meeting to Order 3

4. Read and Approve Minutes
2017 Annual Meeting 4

5. APC Property Management LLC
Introductions
HOA Directors:
Donavon Smith Tim Holian Stephen Saffioti
Marcellus Bolden Thomas Ta
Managing Agent:
Tara R. Fase
APC Property Management LLC
HOA Property Manager 5

6. Election of Officers – 2 Year Terms
Re-elect Stephen Saffioti !! (Served Since 2010)
Re-elect Tim Holian !!
(Served Since 2010)
Floor Nominations Invited vote to re-elect, vote for write-ins, or vote for floor nominees 6

7. Origin of the Spring Creek Court HOA
Chartered by Developer in Dec. 2004
HOA Duties, Obligations and Rules set forth in “Statutory” (legally enforceable) Governing Documents:
Articles of Incorporation Bylaws
Covenants, Conditions and (Deed) Restrictions Architectural Control Standards
Construction Damages Agreement 7

8. Purposes of the Spring Creek Court HOA
To serve as a mechanism* that consistently provides for:
Orderly, Peaceful Living;
Protection, Maintenance and Preservation of Real Estate Owned by the Association;
Effective Balance between Preferences of Individual Homeowners and Collective Rights of All
Preservation of Property Values for All Homeowners
*mechanism: “…the fundamental processes involved in or responsible for an action…” 8

9. How HOA Purposes are Achieved:
Board Commitment to:
100% Collection Rate (Annual Property Assessments)
Expense Monitoring
Effective Capital Reserve Planning
Deed Restriction Enforcement 9

10. Financial State of the Association
Summary for Fiscal Year Ending December
Revenue: $47, Expenses: $35, Income (Loss): $11,625 10

11. Financial State of the Association
2018 Operating Budget
2018 Income (Projected)
2018 Expenses (Projected)* Income (Loss) (Projected)
*Avg. Monthly Expense = $2,381/mo.
$40,290 $28,572 $11,718 11

12. Financial State of the Association
HOA Expense Trend
2016
2017
2018
$37,909
$35,518
$28,572 12

13. Expense Wild Card: LEGAL FEES
HOA must pay attorney at time legal service is performed
HOA is reimbursed only when homeowner pays attorney and attorney forwards reimbursement to HOA 13

14. Financial State of the Association
Cash Balance in Bank Accounts:
$65,507
Effective March 14

15. Financial State of the Association
Short-Term (5-Yr.) Reserve Fund Goal: $40,000
90% Funded at Year-End 2018 (projected) 15

16. Purpose of Reserve Fund Planning:
Financial State of the Association
Purpose of Reserve Fund Planning:
To meet HOA’s near- and long-term repair and replacement obligations
Enhance community appearance through beautification with available funds 16

17. Financial State of the Association
Alternative to Reserve Fund Planning: Special Assessments
(Nuclear Option)
Unpredictable and Penalizing 17

18. Financial State of the Association
Banking
Shifting Banking Business to Regions Bank 18

19. Election Results 19

20. Annual Property Assessments ACC Applications
Community Issues
Deed Restriction Violations
Annual Property Assessments
ACC Applications
Trash Cans in Front of Houses, in Streets
Street Parking Congestion 20

21. Holt & Young PC Collections Deed Restriction Enforcement
Spring Creek Court HOA Legal Representation
Collections
Deed Restriction Enforcement
Other Services, Upon Demand 21

22. SpringCreekCourtHOA.org SCC-HOA.org
INVEST 30 MINUTES OF YOUR TIME… 22

23. Contractual Extended-Payment Plan Available to All Homeowners
The Least Expensive Way to Pay the $395 Annual Property Assessment:
Pay In-Full, On-Time 23

24. Deed Restriction Enforcement
Accomplishments in 2017
No Trespassing Signs
Deed Restriction Enforcement
Collection of Delinquent Property Assessments
Website Updates 24

25. Summary Expenses Under Control Deep Cash Balance Financially Solvent
Forward-Looking Plan for Reserve Fund
Responsive, Efficient and Experienced Managing Agent and Governing Board 25

26. Questions & Answers 26

27. Location/Time: Will Be Announced
Next Annual Meeting
January 2019
Location/Time: Will Be Announced
Adjournment
Thank you for voting!
Thank you for your time! 27