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