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Manitoba West 8150 – 8176 Manitoba St. Playa del Rey, CA
Manitoba West 8150 8176 Manitoba St. Playa del Rey, CA 1 - - PowerPoint PPT Presentation
Manitoba West 8150 8176 Manitoba St. Playa del Rey, CA 1 INTRODUCTIONS: Board of Directors Ernesto Solis President Michael Koss Vice President Cory Brown Treasurer Kathy Le Secretary Kyle Thompson
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Manitoba West 8150 – 8176 Manitoba St. Playa del Rey, CA
Community Manager
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1100 Wilshire HOA 175 E. Wilbur 201 Ocean 431 Doheny 4501 Cedros 4644 Coldwater Canyon 611 Flower St Retail Space 611 Flower Street Daily Grill 656 West Knoll 885 Orange Grove HOA 911 Kings Road 951 Ocean Condos Adler Home·Malibu Agoura Country Townhomes Alexandria Square HOA Antonova Residence AppleTree HOA Arthur Murray Sherman Oaks Azzurra HOA Balboa Townhomes Baldwin Park Bella Vita Barker Block HOA Barrington HOA Beachport Cottages HOA Big Sky HOA Blu HOA Brent Park Townhomes Briarcliffe HOA Briarcrest HOA Broadmoor Village HOA Brookside Village Walk Burbank Village Walk Cahuenga HOA Calabasas Park Estates HOA California Place Camarillo Miramonte HOA Canoga Lakes HOA Canyon Hills Canyon View Canyon Village HOA Capri II HOA Casa de Oaks HOA Casa Pasadena Casafina Century Hill Channel Islands HOA Chapman Townhomes HOA Charing Cross HOA Charmel Villa Townhomes Chase - 30th & Rancho Vista Chase Bank, El Monte Chatsworth Village HOA Church in the Canyon Club Properties HOA Conti Residence Continental OA Cordova Park Villas Crescent Walk Cross Creek Village HOA Dankanyin Residence De Celis Court HOA De Los Amigos HOA Del Prado Del Rey Manor HOA Diplomat
Ekman Residence El Escorial HOA El Segundo Peppertree Eleven Eight 12-16, Inc. HOA Encino Oaks HOA Encino Regency HOA Essex House HOA Estates of the Oaks HOA Evergreen Development Excelsior Americana at Brand Faubourg St. Denis HOA First Western Development Friendly Valley HOA Fulton Terrace HOA Fusion HOA Gardena Village Granada Gardens HOA Gateway Walk Genesis Granite Park Hampton Court HOA Handfinger Residence Hansen Villas Harbour Vista Harris Residence Harte Terrace Harvard Townhomes HOA Hermosa Surf Hidden Canyon HOA Higgins Loft HOA Hollywood Versailles Tower Huntington Townhomes Icon Indigo Irwindale Business Park Jarin Residence Kannan Natarajan Residence Kho v Fung – Forensics Kingswood North La Mirabelle Lakeside Garden Grove HOA Lakeside Village HOA Las Palmas Las Ventanas HOA Lassen Townhomes HOA Leisure Village Leonard Residence Liberty Canyon HOA
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Oakbrook Townhomes Old Orchard Condominiums Orange Grove HOA Pacifica Park Fallbrook Palm Hancock HOA Paoletti Residence Park Place HOA Park Place Villas HOA Park Purdue HOA Pelican Heights HOA Plaza Towers HOA Premiere Condo HOA Quail Meadows HOA Quail Meadows HOA Ralphs - La Jolla Rancho Los Charcos Rancho Madera HOA Reylek v Malibu Villas San Jose Gardens HOA Santa Monica 6 Units Saugus Avenue HOA Saugus HOA Scenic Hills HOA Sea Colony II HOA Seminole Springs MHP Shadow Oaks HOA Shadow Ridge Oak Park HOA Shoreham Villas HOA Sommerset CitiHomes HOA Spanish Hills @ Golf Villas II HOA Sports Harbor Springwood Condominium Association
Stanley House Steeplechase HOA Stonecrest HOA Stratford Terrace HOA Summerplace HOA Surfside III HOA Sweasy Residence Sycamore Creek HOA Tallal Residence Tami Lynn Residence Tarzana Court HOA The Bluffs 1 HOA The Colony at Westwood HOA The Fairways HOA The Oaks of Calabasas HOA The Woodlands HOA Third Street Condominiums Topanga North HOA Tower Oncology Track 3141 HOA Tres Robles II HOA Tyler Townhomes Valencia Lakeshore HOA Valle Vista HOA Varsity Park Village HOA Varsity Park Villas HOA Ventura Seaview Hills HOA Villa Saticoy HOA Village Northridge HOA Village Palos Verdes HOA VIP Barrington HOA VIP Barrington HOA Vista del Cañon HOA Vista Valencia HOA Walski Residence Warner Woodlands HOA Warner Village HOA Warner West HOA Warner Woodlands II HOA Westlake Colony HOA Westlake Pointe Westshore HOA Westwood Glen HOA Wildwood Township I HOA Willow Creek HOA Wilmington Woodworks Wilshire Chandler HOA Winograd Residence Woodland Village HOA
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Indigo – 77 Units, Marina del Rey
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Village Palos Verdes Palos Verdes – 180 Units
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Malibu Canyon Village 5 Buildings - 104 Units
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Essex House –
Marina del Rey – 14 Units
Villa Savona Playa Vista – 39 Units
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Los Angeles Times Article from 9/24/17
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Typical building site 32
Manitoba West 8150 – 8176 Manitoba St. Playa del Rey, CA
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Manitoba West 8150 - 8176 Manitoba St. Playa del Rey, CA
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Description Cost 1. Demolition, excavation, temp shoring, grade beams, concrete, rebar, steel moment frames, wood framing, stucco, paint, asphalt repairs, gas meter relocation. $1,233,441.46 2. Permits and Fees (2%) $24,668.83 Subtotal $1,258,110.29 3. Gas Company Design and Relocation – est. $11,100.00 4. Deputy Inspection/Structural Engineer Inspection – est. $22,200.00 5. Contingency Estimate – 15% $193,711.54 TOTAL RETROFIT PROJECT BUDGET $1,485,121.83
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The Board of Directors has a legal fiduciary duty to both the Association and its Members. A fiduciary duty is the highest
A. Duty of Good Faith: to act in the best interests of the entire community B. Duty of Reasonable Care: To act as a reasonably prudent person and investigate and make reasonable decisions C. Duty to Rely on Experts (attorneys, accountants, managers)
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A.
To manage, maintain, repair, and replace Common Area B. To enforce the governing documents (CC&Rs, Bylaws, Rules and Regulations) C. To levy assessments Civil Code requires Board to levy assessments consistent with the Board’s obligation to maintain the Common Area and administer the affairs of the Association Ensure sufficient reserves
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A. Regular Assessments Monthly Assessments: Board can increase up to 20 percent per year without vote of owners Special Assessments: Board can levy up to 5 percent of Association’s budgeted gross expenses each year without homeowner vote Assessments approved by members
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Three types of emergency assessments:
court
common area if threat to personal safety
common area that could not be foreseen when budget was prepared
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C. Obtain Loan CC&Rs, Article V, Section 7, requires vote of 75% of owners to approve There are costs associated with obtaining a loan
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A. Use allocated amount in reserves for substantial portion of cost to repair B. Emergency Assessment for the remainder of the cost Owners will have option of installment payments or payment in full. Installment payments will add an interest payment of $0.00 /per month, which can be prepaid without penalty
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Sample Ballot
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(go to Client Access page)
(case sensitive)
Corporate Office | 5655 Lindero Canyon Road Suite 321 Westlake Village, CA 91362 Orange County Office | 15 Corporate Park, Irvine, CA 92606 License No.1005935
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