Timberidge T Townhomes Homeowners A Association Annual Meeting 4 - PowerPoint PPT Presentation

Timberidge T Townhomes Homeowners A Association Annual Meeting 4 February 2018

Your Manager: John Mackenzie Cell Phone: 940-595-0584

Timb mberidge T Townhome mes Home meowners A Association 2018 Annual Meeting AGENDA I. CALL TO ORDER II. ESTABLISH QUORUM/PROOF OF NOTICE III. WELCOME & INTRODUCTIONS IV. APPROVAL OF MINUTES V. FINANCIAL REPORT VI. ELECTION OF DIRECTORS VII. ASSOCIATION UPDATE VIII. NEW BUSINESS IX. ANNOUNCMENT OF ELECTION RESULTS VIII. ADJOURN

Annual Meeting Notice Thank you for your presence this evening! • Notice mailed on 01/19/2018 • Establish Quorum (67% of total votes/29 votes represented either in person or by proxy)

Your Board Members • Robin Montgomery • David Tercero • Yuliya Summers • Judith Merriam-Ream

What does the Management company do and what is their authority? Answer: The management company is contracted by the Board of Directors to handle the day to day operations of the Association and to provide guidance to the Board. The Board of Directors make the final decisions regarding the Association and the management company is tasked with implementing the Board's decisions and/or instructions.

Approval of 2017 Annual Meeting Minutes • 2017 Annual Meeting was held Sunday, February 26, 2017. • Robin Tercero Montgomery, President of the THOA Board read the Minutes. • See 2017 Documents page on the Timberidge HOA website for more detailed Annual Minutes.

ELECTION OF DIRECTORS Each nominee will have a limit of 2-minutes to present a personal statement, relevant background experience, outline their goals and objectives if elected to the board of directors

2017 HOA FINANCIAL STATEMENTS

2017 Operating Budget - $61,438 Landscape & Irrigation Taxes & Administration $5,820 (Promissory Note) 10% $10,923 18% Utilities $12,400 Administrative 20% $23,754 39% Common Area $5,040 8% Transfer to Reserve Maintenance Professional Fees Account $0 $850 $2,650 0% 1% 4%

2017 Actual Expenses - $68,643 Administrative Maintenance ($103,750) $146,547 -38% 53% Landscape & Irrigation $11,130 Transfer to Reseve Account 4% $0 0% Taxes & Administration Professional Fees Common Area Utilities $240 $325 $4,870 $9,281 0% 0% 2% 3%

2018 HOA BUDGET

Your HOA Website www.Timberidge.Wordpress.com

Association Update • Completed the payments for the retaining wall loan in February. • Removing and replacing roof shingles for all six- buildings. • Irrigation repaired and in working order. • Beginning fence and balcony replacements on the east side. • For a detailed list of all 25 important accomplishments please go to your association website

Board Reserve Fund Recommendation • 2017 Existing Levels: $105,840 – $210/unit/month – Operating: $42,200.64 • $83.73/unit/month – Reserve: $15,883.42 • $31.51/unit/month – 2018 Projected Income: $105,840 – 2018 Special Assessment: $45,150 • $1,075/unit due on or before Monday, April 2, 2018. – 2020 Projected Reserve Fund Balance: $202.00

Timberidge Townhomes Homeowners Association When is an Architectural Application needed? An Architectural Application is required for any exterior modification, and/or improvement to the exterior of your townhome. Before you add window solar screens or install a Satellite Dish please contact your management company. Applications are available on Timberidge Townhomes HOA website (www.Timberidge.Wordpress.com).

Communication: Quarterly Board Meetings • Dates: – May 2018 – August 2018 – November 2018 • Timberidge Townhomes HOA website: http://Timberidge.Wordpress.com/ – Meeting dates – Meeting minutes – Other important community information

Neighborly Reminders • Please observe speed limit (10 mph) • Avoid parking in another owners parking spot • Please observe if your dog is constantly barking • Please pick up after your dog • ALL Trash goes into the dumpster

Questions and Answers Your HOA website: www.Timberidge.Wordpress.com

Timberidge Townhomes Homeowners Association We Want Your Email Address! To send you: • Meeting notices • Important announcements • Updates on activities and events Your Email address will NEVER be shared with any one outside of the Association. • Management Company: Secure Association Management - John Mackenzie • john@secure-mgmt.com or • Cell phone 940-595-0584 / fax 940-497-SECURE(7328) or • 1440 Robinson Rd., #440, Corinth, TX 76210

References • Anderson Construction – Fences & Roof Repairs • Criterium Dotson Engineers – Reserve Study • Oscar Orduno – Retaining Walls • Jon Wright Industries – Roof Repairs • Environmental Maintenance – Landscaping • Quality Electric – Electrical Repairs

Timberidge T Townhomes Homeowners A Association Annual Meeting 4 February 2018 Thank you for Attending!