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Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
WELCOME GRAND OAKS HOMEOWNERS
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
AGENDA
• Report on Quorum• Introductions• Background• Goals and Results• Budget Overview• Volunteers Needed• Looking Forward• Election of Board Members• Questions / Discussion• Adjourn
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
BOARD OF DIRECTORS
• Rolland Baxter, President
• Aly Welkley, Secretary
• Paul Sanchez, Treasurer
• John Clark
• Vacant
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
LANDSCAPE COMMITTEE
• Renee Brooks, Chair• Leigh Stoller, Vice Chair• Ron Sims, Secretary• Corinne Sims, Secretary• Ron Prevost
NEWSLETTER COMMITTEE• Denise Limon, Chair• Chris McDonald, Vice Chair• Sandi Morris, Secretary• Karen Crist, Editor• Payton James-Amberg, Webmaster
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
RECREATION COMMITTEE• Kelly Manhard, Chair• Randy Joss• Ed Crist• Liz Doyle• Tracy Elmshaeuser
ARCHITECTURAL REVIEW COMMITTEE • Barry Vanhoff• Leigh Stoller• Al Blase
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
BACKGROUND• Development started in 1999
• Initial Board represented Developers
• Legend Homes took over from Pahlisch Homes in September, 2002
• Transitional Advisory Committee (TAC) formed July, 2005
• Committees appointed and became active
• New owner-represented Board elected June, 2006 (Turnover)
• New Architectural Review Committee established
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
GOALS AND RESULTSGOALS:• Form and strengthen committees• Increase communications• Focus attention on budgetRESULTS:• Committees functioning well• Need additional volunteers• Quarterly newsletter published• Website established• 2007 budgets adopted• No increase in fee for either Summit or Grove
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
OPERATING BUDGET OVERVIEWTotal Summit Budget = $240,937 (293 properties)
$30,658
$85,619
$22,080
$49,415
$10,000
$43,165 Clubhouse
Landscape
Pool
Mgt & Admin
Contingencies
Reserves
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
OPERATING BUDGET OVERVIEW continuedTotal Grove Budget = $40,653 (78 properties)
$2,970.00
$5,000.00
$32,683.00
Landscape
Contingencies
Reserves
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
WHAT THE OPERATING BUDGETS INCLUDE
• Continued operation at historic levels
• Possible part-time pool attendant
• Update of reserve study
• Review of clubhouse storage and access needs
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
RESERVES
• Reserve Balance is $141,622 (Dec 2006)
• Reserves are required by State Law
• Reserves fund replacement or major repair of:
Pool Pumps / filters Clubhouse
Weight room equipment Sprinkler systems Furniture
Walking paths Landscaping Entry signs
And much, much more
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
RESERVES continued
• Expenditures for 2007 include:
Paint clubhouse Pool furniture
Vinyl & carpeting Tables and chairs
Bark Dust
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
VOLUNTEERS NEEDED
• Board of Directors - 3 positions
• Committees:
Recreation Committee
Landscape Committee
Newsletter Committee
Architectural Review Committee (ARC)
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
LOOKING FORWARD
• New Community Manager
• Continued attention to cost - value for dollar
• Restroom in park
• Monthly payment option
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
ELECTION PROCESS
• Nominations from mail-ins and floor
• Brief statements by nominees
• Election of directors
• Announce election results
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
QUESTIONS AND DISCUSSION
Grand Oaks Homeowners AssociationAll Community Meeting, February 7th, 2007
THANK YOUVOLUNTEERS AND HOMEOWNERS