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

2 0 1 5 Annual Hom eow ner’s Meeting

Agenda

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

Meet the Board

 Sherri Handcock – President  Keith Jones – Vice President  John Hudson – Secretary/Treasurer

 Carter Low – Association Manager

ARC Mem bers

 Doris Hedblom  Tom Shepherd  Johnny Spann

Landscape Com m ittee Mem bers

 Cherry Carter  Sue Grigsby  Jill Rueda  Mark Short

Social Com m ittee Mem bers

 Terra Coyle  Donna Spann

Neighborhood Garage Sale

Do we want a Fall Garage Sale?

HOA Holiday Lights

“Know Your Neighbors” I deas

 End of School Party–

• Movie Night
• Halloween Party

 National Night Out  Ladies Ornament Exchange  Front Yard Fun  Facebook  Poker Night?  Ladies Night Out?

Housekeeping

 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

2 0 1 4 / 2 0 1 5 Projects

 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 Planned 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.

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

2 0 1 4 I ncom e

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 Expenses

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 Net

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 HOA Operating Expenses

39% 27% 20% 6% 4% 2% 2% Landscape Maintenance Water Administrative Insurance Irrigation Repairs Electric Landscape Improvements

HOA Expenses

10000 20000 30000 40000 50000 60000 2011 2012 2013 2014 2015 (Est)

Painted Street Lights & Electrical Repairs Wrought Iron Fence Painting & Mortar Repairs High Water Bills & Irrigation Repairs & Landscape Improvements Brick Wall Repairs & Wrought Iron Fence

HOA Reserve Balance ( S/ B $ 1 0 ,8 0 0 )

1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 2011 2012 2013 2014

2 0 1 5 Projects

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 >

Q & A

 Q & A

Board Elections

 Board of Directors Nominations (2)

• Sherri Hancock
• Others?

 Committee Positions

• Landscape
• Social

Thank you for Attending Meeting Adjourned…