L E G A C Y R E S I D E N T S A S S O C I A T I O N A N N U A L G - - PowerPoint PPT Presentation
L E G A C Y R E S I D E N T S A S S O C I A T I O N A N N U A L G E N E R A L M E E T I N G WELCOME The Legacy Residents Association was created for the homeowners of Legacy, with the intent of augmenting the lifestyle in Legacy. The goal
The Legacy Residents Association was created for the homeowners of Legacy, with the intent of augmenting the lifestyle in Legacy. The goal is to create a home base for living rather than only owning a home, through creating an attractive atmosphere and increasing the community interaction.
A RESIDENTS ASSOCIATION CREATES A SENSE OF COMMUNITY AND OPPORTUNITIES TO COME TOGETHER AND MAINTAIN THE COMMUNITY THE LEGACY RESIDENTS ASSOCIATION IS AN AUDITED NON- PROFIT ORGANIZATION
A RESIDENTS ASSOCIATION HANDLES THE ENHANCED MAINTENANCE OF COMMUNITY AMENITIES HOLDING THE COMMUNITY TO A HIGHER STANDARD A COMMUNITY ASSOCIATION’S PURPOSE IS TO GIVE A COMMUNITY A VOICE AND IS OPEN AND VOLUNTARY TO ANYONE
Every Legacy Resident is part of the Residents Association and each household has one vote for any issue put forward at the Legacy Residents Association Annual Meeting This includes all homes in Legacy including single family and multifamily homes
The Volunteer Board will have between 5 and 7 members Currently the board is made up of Bravin Goldade Duncan Smaill Jared Goldade ______________ ______________ These positions are decided by way of nominations, two Residents are needed to Join the Board As more and more of Legacy is built the Board of Directors will be transitioned into more resident seats. West Pine Creek Developments reserves the right to appoint a certain number of Directors to the Residents Association, based on the remaining inventory.
the community in mind
cover letter to info@legacyresdients.ca
applicants as decided by the existing Board of Directors will be posted
Currently West Pine Creek Developments will contribute the resources and facilitation/ planning for any organization of community activities and facilitated land maintenance for the Residents Association after the FAC is completed. In the future a staff member may potentially be hired by the Legacy Residents Association to manage it’s day to day operations through the decision of the Board of Directors
ASSOCIATION
LANDSCAPING FEATURES
community garden will rented as individual plots to residents. The Garden will be managed by the Residents Association.
and the ongoing maintenance to the garden will be paid for via the plot rental rates.
program, the timing is so we coincide with a growing season and have all approvals in place with the City.
Plots will be available for a single year with the chance to renew one additional year After this, your plot will be filled by the next person on the waiting list in order to ensure that the entire community may enjoy the Garden If you are interested in having a plot please visit the Legacy Residents Association Website in January 2017 for more details of how to join
Within Legacy, a 4 acre site has been dedicated for a future community association. This site is dedicated as City of Calgary park space This site is available to a future community association through the City of Calgary
The Residents Association with the developer is exploring mechanisms for the establishment of potential future amenities within this site Prior to construction of any future amenities, the Residents Association would consult it’s members on what those amenities would be i.e. Tennis Courts, Hockey Rinks etc. Unfortunately more information is not available at this time however will be distributed as it comes available.
developers maintenance responsibilities have been met.
to the City of Calgary
Fees are due on an annual basis, June 1st each year You will receive mailed notice thirty days prior to payment each year. In addition, fourteen days prior to payment you will receive an email reminder through the Legacy newsletter If fees are not paid you will be charged interest. For any delinquent accounts you will be subject to interest and an encumbrance on your title
Operation and maintenance of certain recreation facilities and amenities within Legacy (Entry Features, Traffic Circles, Fountains and Enhanced Landscaping) Christmas Lights Skating Rink Maintenance Maintenance of Community Garden
Potential Options for the future Community Newsletters Movies in the Park Stampede Breakfasts Programming and Lessons Potential building/ maintenance of a Community Centre and Amenity
2016/2017 LEGACY RESIDENTS ASSOCIATION BUDGET
Expenses Year Landscape and Operating Costs Electricity (Includes Fountains, Pumphouse & Christmas Lights) $30,000 Phase 1 Enhanced Maintenance $30,000 Phase 2 Enhanced Maintenance $20,000 Phase 3 Enhanced Maintenance $ - Subtotal $ 80,000 Repairs & Maintenance Reserve Fund $11,000 Events Community Event $10,000 Christmas Lights & Winter Event $40,000 Temporary Outdoor Rink Maintenance $30,000 Subtotal $80,000 General & Administrative $57,000 Total Cost $ 228,500 Revenue Single Family Residents Contribution (957 x $5) $57,420 Multi Family Residents Contribution (238 x $3) $ 8568 Total Residents Contribution $65,988 West Pine Creek Developments Contribution $162,512 Total Revenue $ 228,500 Net Income/ Reserve Fund Contribution
WESTCREEK DEVELOPMENTS LEGACY RESIDENTS ASSOCIATION CITY OF CALGARY
Y C A G E CITY OF CALGARY LEGACY RESIDENTS ASSOCIATION
With the increase of residents through build out we have attached a proposed a budget that makes it that fees can stay at the current rate Fee Rates are Your Decision
ability to decide what the rates are and what they would like to spend it
BUILDOUT LEGACY RESIDENTS ASSOCIATION BUDGET
Expenses Year Landscape and Operating Costs Electricity (Includes Fountains, Pumphouse & Christmas Lights) $30,000 Phase 1 Enhanced Maintenance $30,000 Phase 2 Enhanced Maintenance $20,000 Phase Remainder Enhanced Maintenance $ 70,000 Subtotal $ 150,000 Repairs & Maintenance Reserve Fund $11,000 Events 5 Community Events $50,000 Christmas Lights & Winter Event $40,000 Temporary Outdoor Rink Maintenance $24,000 Subtotal $114,000 General & Administrative including Staff Member and reserve Fund $82,346 Total Cost $ 352,500 Revenue Community Garden Revenue (58 Plots) $2,146 Single Family Residents Contribution (4000 x $5) $240,000 Multi Family Residents Contribution (3200 x $3) $ 115,200 Total Residents Contribution $355,200 Total Revenue $ 357,346 Net Income/ Reserve Fund Contribution $ -