1. Regal Manor Homeowners Association
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Regal Manor Homeowners Association
2014 Annual Meeting
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

2. Welcome Establishment of Quorum Call to order Introductions
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Welcome
Establishment of Quorum
Call to order
Introductions
Andre Barrett Kuester Property Management
Board of Directors
Housekeeping
Refreshments
Restrooms
Web attendees
Questions
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

3. What is Regal Manor HOA? Non-profit corporation
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What is Regal Manor HOA?
Non-profit corporation
Incorporated on May 5th, 2006 by Coulston Enterprises [Earl Coulston]
Deed-restricted community
10 Developments
Governing documents
Regal Manor Homeowner’s Association Covenants Conditions & Restrictions (CCRs)
Bylaws
ARC Guidelines (adopted by Board of Directors 2008)
Governing bodies
Board of Directors
Management company
ARC Committee
Nominating Committee
Amenities
Clubhouse
3 Pools
Playground
Picnic area
Common, Natural, and Open spaces
Nation Ford Greenway/Carolina Thread Trail
Not affiliated with Regent Park
Initially part of “Emerald Lakes” development plan
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

4. Regal Manor HOA continued
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Regal Manor HOA continued
Approximately 845 occupied homes
734 Single-family homes
114 Townhomes
Over 60 acres of common/natural areas
Developments
Baden Village
Balmoral
Fallbrook
Phase I/II
Phase III
Regal Manor
Stanton Heights (Builder/developer: Soni Construction)*
Wellsley Ford
Stafford Oaks
Bexley
Adler Grove
Summerlake Townhomes (Builder/developer: True Homes)*
*Still in development
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

5. Voting procedures Nominating Committee 2013-2014 2014-2015
Article V, Section 1. Nomination. Other than the initial Board of Directors which will be appointed by the Declarant as provided in Section 1 of Article IV hereof, nomination for election to the Board of Directors shall be made by a Nominating Committee. Nominations may also be made from the floor at the annual meeting. The initial Nominating Committee shall be composed of two of the initial members of the Board. Thereafter, the Nominating Committee shall consist of a Chairman, who shall be a member of the Board of Directors, and two or more members of the Association. At the first annual meeting of the members and prior to each annual meeting of the members thereafter the Nominating Committee shall be appointed by the Board of Directors to serve from the close of such annual meeting until the close of the next annual meeting and such appointment shall be announced at each annual meeting. The Nominating Committee shall make as many nominations for election to the Board of Directors as it shall in its discretion determine, but not less than the number of vacancies that are to be filled. Such nominations may be made from among members or non-members.
Brandon Vancise, Board of Directors
TBD, Board of Directors
Jemel Hatcher, Association member
Jo Winkler, Association member
Stacia Henney, Association member
Mark Keenen, Association member
Richard Sweezer, Association member

6. Voting procedures Board of Directors Nominees (2 x Two-year terms)
David Yerty—Elected 2013, expires (2018…)
Scott Rossi—Elected 2013, expires (2017…)
Carl Irish—Elected 2013, expires (2016, 2018…)
Brandon Vancise—Elected 2013, expires (2017…)
Dean Gaskins—Elected 2013, expires (2016, 2018…)
Starting in 2015, odd years will elect two members, and even years will elect three members. Terms will be for two years.
Nominees (2 x Two-year terms)
Carl Irish*
Dean Gaskins*
Nominations from the floor:
Anu Devasia
Eric Koppenhofer
Jim Lieb
*Vetted and recommended by the Nominating Committee

7. Community Growth We grew 16% from last year, adding 114 homes.
We have reached 92% of the completion target.

8. Accounts Receivable
Assessments are due quarterly: January 1, April 1, July 1, October 1
Average $55,823 (last 12 months)
January had 227 delinquent account with a balance of $76,
As of September 30th, there were 83 delinquent accounts with a balance of $31,464.30
For 2014, we’ve written off $15, in bad debt.
Amounts include delinquent assessment(s), late interest, and legal fees (lien, foreclosure)
The Association currently owns 3 properties

9. 2014 CASH ACCOUNTS
OPERATING CASH $64, PETTY CASH $6, RESERVE CASH $7, TOTAL CASH $219, RECEIVABLE BALANCE $67, *As of October 31, 2014

10. 2015 Operating Budget
ASSOCIATION ASSESSMENTS $566,440 ASSESSMENTS TO RESERVES -98,348 LATE INTEREST INCOME 1,800 LEGAL FEES INCOME 6,000 AMENITY RENTAL INCOME 12,000 TOTAL INCOME $487,892 Administrative $173,820 Building and Grounds 166,622 Community Amenities 55,550 Utilities 91,900 Total $487,892

11. Financial summary
*As of September 30, 2014
**Budgeted

12. 2014 In Review All common property now owned by the Association
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2014 In Review
All common property now owned by the Association
Resurfaced clubhouse parking lot
Added grills to the picnic area
Installed water/power at several monuments
Landscaping improvements
Updated collection policy
New vendor partners:
Landscaping: Providence Landscaping Group
Pool: Swim Club Management Group
Management: The Cusick Company
Replaced clubhouse carpet with laminate floor
Removal of builder signage
Updated clubhouse rental policy
Replaced pool deck drains and patched deck
Started the “Helping Hands” initiative
Established RFP documentation and process
Shredding event
Neighborhood Watch
Lights on Farmhouse
Fiscal: Bad debt, Accounts Receivable, Foreclosures
Approved official collection process
Full downloadable list will be available at
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

13. 2014 Challenges Accounts Receivable/Foreclosures Transition
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2014 Challenges
Accounts Receivable/Foreclosures
Transition
Clubhouse lot/taxes
Contract performance
Landscaping
Pool
Volunteers
Compliance
Trash cans/Unsightly items
Yard maintenance
Parking on the street
Pets (unleashed dogs, doody duty)
Home maintenance (siding)
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

14. 2015 Goals Complete HOA Transition Common area improvements Clubhouse
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2015 Goals
Complete HOA Transition
Common area improvements
Clubhouse
Parking
Entrance Monuments
Infrastructure
Irrigation
Lighting
Standardize
Pool
Expanded deck
Picnic area
Refurbishment
Adding amenities
Heritage Lake
New amenity center
Sidewalks
A.O. Jones
Starlight
Regent Parkway
Farmhouse
Security
Electronic access
CCTV expansion
© 2007 Microsoft Corporation. All rights reserved. Microsoft, Windows, Windows Vista and other product names are or may be registered trademarks and/or trademarks in the U.S. and/or other countries.
The information herein is for informational purposes only and represents the current view of Microsoft Corporation as of the date of this presentation. Because Microsoft must respond to changing market conditions, it should not be interpreted to be a commitment on the part of Microsoft, and Microsoft cannot guarantee the accuracy of any information provided after the date of this presentation. MICROSOFT MAKES NO WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, AS TO THE INFORMATION IN THIS PRESENTATION.

15. Amendments Proposed changes/amendments:
Changing assessment collection from yearly to quarterly
Clarifying collection procedures for fines and fees
Lowering the percentages required to meet quorum
Online voting

16. How can I be involved? Volunteer Inform others Stay alert
Time
Services
Expertise
Goods/equipment
Inform others
Stay alert
Communication
Open session
Website
Facebook us
Management company

17. Committees Regal Manor HOA Board of Directors Social Committee
ARC Committee
Pool Committee
Grounds/Maintenance Committee
Management company
Rules & Regulations Committee
Communications Committee
Sidewalk Committee
Security/Preparedness Committee

18. Contact information
Kuester Property Management
Andre Barrett
(803)
(888) hour hotline
**Effective December 1, 2014**
The Cusick Company
Brian Peterson/Rita Barrett
(704)
Regal Manor HOA website:
Facebook:

19. reminders Christmas dumpster Decorations (30 days)
No roadside leaf pick-up service
Social Committee events
January assessment changes
No Board meeting in November/December

20. Voting Results Voting procedures Carl Irish* 197 Dean Gaskins* 196
Anu Devasia 45
Eric Koppenhofer 18
Jim Lieb 22
*Elected to two-year terms

21. Questions

22. Thank you for attending the 2014 Regal manor HOA annual meeting.
The meeting has concluded.