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Published byDustin Warren Modified over 9 years ago
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Welcome 2010 Members Meeting
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Agenda Annual Membership Agenda Time: 7:00 PM Who: All Woodstream Falls Condominium Owners and Representatives When: Wednesday October 27, 2010 Where: DoubleTree Hotel I-225 and Iliff Avenue WOODSTREAM FALLS CONDOMINIUM ASSOCIATION BOARD OF DIRECTORS SPECIAL MEETING AGENDA October 27, 2010 1.CALL TO ORDER 2. PROOF OF NOTICE OF MEETING
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Agenda Continued 3.READING AND APPROVAL OF MINUTES NOVEMBER 12, 2009 ANNUAL MEETING Residents were notified by September 20, 2010 mailing. 4.RESULTS OF ACTION BY WRITTEN BALLOT: a. RECALL OF DIRECTOR LIPKIND b. ELECTION OF DIRECTORS (MANGERS) c. AMENDMENTS TO WFCA BYLAWS 5.PRESENTATION OF 2011 BUDGET 6.UNFINISHED BUSINESS AND NEW BUSINESS 7.ADJOURNMENT
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Election Results
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Election Choices The Board of Directors has made the decision to fill the current vacant positions with the two candidates who received the highest votes. David Frazier will be appointed for the term ending 2013 formerly held by Barry McConnell Joyce Taylor will be appointed for the term ending 2011 formerly held by Pansy E. Moore
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Election Choices The quorum requirements (157) for the ballot process were not achieved. We received 144 ballots by October 15, 2010. The Association must schedule a re-ballot (election) to elect a candidate to fill the expired term of incumbent Juanita Rucker, and to address the By Laws and Recall of Director Lipkind issues. The quorum requirements for these issues is 236.
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2011 Operating Budget- No Increase in HOA FEES Unit Size 2BR 2BA 2BR 1BA1BR 1 BA Administrative11% $ 48.40 $ 41.14 $ 30.36 Bank loan6% $ 26.40 $ 22.44 $ 16.56 Maintenance28% $ 123.20 $ 104.72 $ 77.28 Utilities42% $ 184.80 $ 157.08 $ 115.92 Reserves13% $ 57.20 $ 48.62 $ 35.88 2011 HOA Fees 100% $ 440.00 $ 374.00 $ 276.00
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Revitalization Plan 2011-2015 Goals Increase homeowner value by continuing to Invest in both infrastructure and curb appeal elements on an ongoing basis. Ongoing roofing replacement HVAC system upgrades/replacement Landscape, Xeriscape, and hardscape replacement Exterior building appearance (Painting & stucco repair)) Increase the focus on both energy and water conservation initiatives to reduce operating cost. Avoid the need for large special assessments & HOA fee increases by working on projects in “stages” Increase the number of Owner/Occupants by a minimum of 10 % during the plan period (2011-2015)
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2011 Finalize and adopt a methodology for replacing the HVAC system and begin phase 1 of implementation (buildings J, K, L, M, N,O) Continue replacement of highest priority roofs (Bldg T-1,3, 5 Bldg Z-4,5,6,7) Develop a new security/camera recommendation. Continue wooden step replacement (Entrance 1 & 4) Re-line stream and falls at main entrance (Water conservation) Begin phase 1 of asphalt replacement at main entrance Replace selected retaining walls Repair/Recover Balcony Rooftops “Dog Houses” Resurface Swimming Pool Develop comprehensive /landscape plan. (water conservation)
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A few 2011 Projects
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2012 Continue replacement of highest priority roofs Continue wooden step replacement (Entrance 1 & 4) Replace selected retaining walls Replace selected sidewalk trip hazards Phase 1 entrance light replacement with photocell fixtures (Conserve electricity) Improve property drainage as needed. Install security cameras based on recommendation Begin Phase 1 landscape/xeriscape recommendation.
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2013 Begin phase 2 of HVAC replacement strategy (Buildings P,Q,R,S G,H,I) Continue replacement of highest priority roofs (K- 4,5,L-1 H-2, 3, I-1,2) Begin Phase 2 asphalt replacement Entrance 1 (south and east of parking structure) Continue wooden step replacement (Entrance 1 & 4) Replace selected retaining walls Replace selected sidewalk trip hazards Begin phase 2 of landscape/xeriscape plan.
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2014 Continue replacement of highest priority roofs (buildings O-1,3,5, C-2,3,5) Begin Phase 2 asphalt replacement Entrance 1 (south and east of parking structure) Replace selected retaining walls Begin PHASE 1 exterior painting (buildings A, B, C, AA, W, X, Y, Z) Begin phase 2 of landscape/xeriscape plan.
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2015 Begin phase 3 of HVAC replacement strategy Buildings T,U,V,W,X,Y Continue replacement of highest priority roofs BB - 1,3,4,6, N-2,3 Replace selected retaining walls Begin phase 3 of Landscape/xeriscape plan. Begin phase 2 exterior painting buildings K, L, M, N, O, P Resurface upper deck parking garage
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