2 0 1 5 Annual Hom eow ners Meeting Welcome Introductions 2014 - PDF document

2 0 1 5 Annual Hom eow ner’s Meeting

 Welcome  Introductions  2014 Year in Review  2015 Potential Projects  Property Maintenance  Review Financials  Q & A  Board Elections Agenda

 Sherri Handcock – President  Keith Jones – Vice President  John Hudson – Secretary/Treasurer  Carter Low – Association Manager Meet the Board

 Doris Hedblom  Tom Shepherd  Johnny Spann ARC Mem bers

 Cherry Carter  Sue Grigsby  Jill Rueda  Mark Short Landscape Com m ittee Mem bers

 Terra Coyle  Donna Spann Social Com m ittee Mem bers

Do we want a Fall Garage Sale? Neighborhood Garage Sale

HOA Holiday Lights

 End of School Party– ◦ Movie Night ◦ Halloween Party  National Night Out  Ladies Ornament Exchange  Front Yard Fun  Facebook  Poker Night?  Ladies Night Out? “Know Your Neighbors” I deas

 Improvements? ◦ Contact Carter Low, CMG ◦ P.O. Box 104,Argyle, Texas 76226 ◦ (940) 464-1107 Phone ◦ (940) 464-4502 Fax ◦ Carter.Low@DentonCMG.com  Neighborhood Appeal ◦ Lawn Maintenance ◦ Fences In Good Repair ◦ Maintain Property Value Housekeeping

 Drainage/Creek Clean-Up ◦ Removed dead trees/brush ◦ Worked with ATMOS on replacing vegetation ◦ Worked with FM to rebuild Drainage entrance  Landscape Maintenance ◦ Changed Landscape Service Vendor ◦ Numerous Irrigation Repairs ◦ Replaced Bushes  Brick Wall Repairs ◦ Panels replaced  Amended the Governing Documents ◦ Allow 8 foot fences ◦ Reduced quorum requirement to 25% ◦ Reduced approval for rule changes to 51%  Neighborhood Directory ◦ Thank you to Donna Spann  Worked with ATMOS to minimize tree removal in the gas easement 2 0 1 4 / 2 0 1 5 Projects

 Brick Wall Mortar Repairs in August  Replace Missing Wrought Iron Panel  Replace Missing Wrought Iron Finials  Repair Detached Wrought Iron Fences  Replace Entrance Lighting  Add Wrought Iron Fence at Drainage/Creek Entrance  Additional Plant/Tree Replacements in the Fall including replacing Hawthorns destroyed by the brick wall. 2 0 1 4 / 2 0 1 5 Planned Projects

Brick W all Mortar Repair

Brick W all Mortar Repair

Replace Missing W rought I ron Fence Panel

Replaced Fallen Brick Panels

Repair W rought I ron Fence Attachm ents

I ncom e Actual Budget Assessments $36,000 $36,000 Delinquent Interest $136 $0 Interest $3 $0 Total I ncom e $ 3 6 ,1 3 9 $ 3 6 ,0 0 0 2 0 1 4 I ncom e

Expense Actual Budget Administrative $5,783 $6,390 Insurance $1,762 $1,881 Landscape Maintenance $11,140 $12,000 Landscape Improvements $432 $500 Irrigation Repairs $1,056 $1,000 Water $7,796 $13,629 Electric $541 $600 Total Expense $ 2 8 ,5 1 0 $ 3 6 ,0 0 0 2 0 1 4 Expenses

I tem Actual Budget Income $36,139 $36,000 Expense $28,510 $36,000 Net Profit/ < Loss> $ 7 ,6 2 9 $ 0 2 0 1 4 Net

4% 2% 2% Landscape 6% Maintenance Water Administrative 39% 20% Insurance Irrigation Repairs Electric 27% Landscape Improvements 2 0 1 4 HOA Operating Expenses

Wrought Iron High Water Bills & Painted Street Brick Wall Repairs Fence Painting & Lights & Electrical Irrigation Repairs & Wrought Iron Mortar Repairs & Landscape Repairs Fence Improvements 60000 50000 40000 30000 20000 10000 0 2011 2012 2013 2014 2015 (Est) HOA Expenses

10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 2011 2012 2013 2014 HOA Reserve Balance ( S/ B $ 1 0 ,8 0 0 )

2 0 1 5 Project Am ount Rebuild Fallen Brick Panels (3) $9,905 Mortar Repairs $5,250 Drainage/Creek Tree/Brush Removal $2,544 Landscaping Improvements $3,540 Replace Missing Wrought Iron Fence $500 Wrought Iron Fence @ Drainage/Creek $2,500 TOTAL: $ 2 4 ,2 3 9 2 0 1 5 Special Assessm ent $ 1 8 ,0 0 0 Reserve Fund < Reduction> < $ 6 ,2 3 9 > 2 0 1 5 Projects

 Q & A Q & A

 Board of Directors Nominations (2) ◦ Sherri Hancock ◦ Others?  Committee Positions ◦ Landscape ◦ Social Board Elections

Thank you for Attending Meeting Adjourned…