So Solterra T Townho nhome me Me Meeti ting April 30, 2019 Welcome & Please Sign In 4/30/19 Fossil Ridge Metropolitan District 1
Meeting P Me Purp rpos ose Provide information to the Townhome Owners in our Community Me Meeting Sc Scop ope Information related to outside maintenance within your property line Questions 4/30/19 Fossil Ridge Metropolitan District 2
Me Meeting O Objective 1. Explain How Solterra is organized a. Filings b. Districts 2. Review the Standard Acceptance Process 3. Review the contractual agreements with Cardel and associated fees 4. Answer homeowner questions 4/30/19 Fossil Ridge Metropolitan District 3
Qu Question on G Guidelines • We will allocate specific times for questions • Indicate question by raising hand • Please indicate your name and how long you have lived in your townhome • Questions outside the meeting’s topic will be captured for a response at a later date or posted on Solterra- Connect • We may not be able to address all questions • If the meeting becomes disrespectful, the meeting will end. 4/30/19 Fossil Ridge Metropolitan District 4
Ho How S Solt lter erra is is Or Organiz anized ed 4/30/19 Fossil Ridge Metropolitan District 5
So Solter erra Geo eogr graphical Organization Fi Filings gs Filing 15 Cardel Townhomes Filing 16 Cardel Townhomes Brookfield Residential Area of Cardel Townhomes 4/30/19 Fossil Ridge Metropolitan District 6
So Solter erra Geo eogr graphical Organization District cts District 1 Board (Services) Tom Waterman Craig Brown Kim Hussey Dave McGraw Terry Larson * District 2 Board (Funding) Dave McGraw Terry Larson Andy Martin Ted Michelsen Tom Waterman District 3 Board (Funding) Craig Brown Kim Hussey Mike McCleary Libby Anglin Aaron Hochstein * District 1: Includes Area of Cardel 53 residences not Townhomes shown 4/30/19 Fossil Ridge Metropolitan District 7
Im Impr provem emen ent t Locatio tion n Cer ertif tific icate Your Property has an Improvement Location Certificate (ILC). You may have received one at closing. The ILC is used by mortgage and title companies. It offers some assurance that the improvements to a property are not encroaching into an easement or beyond the deed lines. In a moment, you will see this on the filing maps. 4/30/19 Fossil Ridge Metropolitan District 8
Filing Filing 15 Main aintenanc enance e Map ap 4/30/19 Fossil Ridge Metropolitan District 9
Filing Filing 16 Main aintenanc enance e Map ap (1 (1 of f 3) 4/30/19 Fossil Ridge Metropolitan District 10
Filing Filing 16 Main aintenanc enance e Map ap (2 (2 of f 3) 4/30/19 Fossil Ridge Metropolitan District 11
Filing Filing 16 Main aintenanc enance e Map ap (3 (3 of f 3) 4/30/19 Fossil Ridge Metropolitan District 12
Acce cceptance ce Proce cess for Public c Improvements Resolution Establishing Policies and Procedures for the Acceptance and Acquisition of Public Improvements adopted March 18, 2016. 4/30/19 Fossil Ridge Metropolitan District 13
Ac Acceptance Process – Th Three Steps Step 1 - Application Requirements for Acceptance Developer Submits: • Description of Improvements • Copies of Invoices/Statements • Convey necessary property interests • As-Built Drawings • Bill of Sale • Evidence of initial acceptance (if applicable) City Acceptance • Operation manuals • Release of liens/waiver of claims • Performance Bond/Warranty • Engineer Certification 4/30/19 Fossil Ridge Metropolitan District 14
Ac Acceptance Process – Th Three Steps Step 2 - District Review and Certification Process • Inspect/Walk Through • Punch List • Correction of Punch List Items • Recommendation for Initial Acceptance • 2 year warranty period 4/30/19 Fossil Ridge Metropolitan District 15
Ac Acceptance Process – Th Three Steps Step 3 – Final Acceptance • After 2 year warranty period • Punch List • Remedial Work • Final Inspection • Final Acceptance 4/30/19 Fossil Ridge Metropolitan District 16
Pr Private ate Lot Warranty* • Public Improvement Acceptance Does Not Extend Inside Private Lot • Homeowners: • Builder’s Warranty • 1 year on Landscaping *NO FRMD RESPONSIBILITY 4/30/19 Fossil Ridge Metropolitan District 17
Con Contractual Se Services Per r Ca Cardel Ag Agreement • Negotiated between Cardel and Brookfield (acting as FRMD 1) • Focus is inside Private Lot • Differences between Filing 15 and Filing 16 • Differences between buildings 4/30/19 Fossil Ridge Metropolitan District 18
Filing Filing 15 Car ardel del Agr greem eemen ents ts • Adopted May 16, 2014 • Provisions • Easements for Air Conditioning Units • District Maintenance • Restrictions 4/30/19 Fossil Ridge Metropolitan District 19
Filing Filing 15 Dis istr tric ict t Main aintenanc enance • Front Walk Ups – Snow Removal and Maintenance • Landscaping Maintenance in Private Lot • Fees 4/30/19 Fossil Ridge Metropolitan District 20
Filing Filing 15 Main aintenanc enance e Map ap 4/30/19 Fossil Ridge Metropolitan District 21
Filing Filing 16 Car ardel del Agr greem eemen ents ts • Adopted April 28, 2017 • Same basic provisions • Easements for Air Conditioning Units • District Maintenance • Restrictions 4/30/19 Fossil Ridge Metropolitan District 22
Filing Filing 16 Dis istr tric ict t Main aintenanc enance • Front Walk Ups – Snow Removal and Maintenance • Landscaping Maintenance in Private Lot • Rear Apron – Snow Removal and Maintenance • Planter Boxes • Fees 4/30/19 Fossil Ridge Metropolitan District 23
Filing Filing 16 Main aintenanc enance e Map ap (1 (1 of f 3) 4/30/19 Fossil Ridge Metropolitan District 24
Filing Filing 16 Main aintenanc enance e Map ap (2 (2 of f 3) 4/30/19 Fossil Ridge Metropolitan District 25
Filing Filing 16 Main aintenanc enance e Map ap (3 (3 of f 3) 4/30/19 Fossil Ridge Metropolitan District 26
District ct Maintenance ce within Property Su Summary Filing 15 Filing 16 • Front Walk Ups – Snow • Front Walk Ups – Snow Removal and Maintenance Removal and Maintenance • Landscaping Maintenance • Landscaping Maintenance in Private Lot in Private Lot • Rear Apron – Snow Removal and Maintenance • Planter Boxes 4/30/19 Fossil Ridge Metropolitan District 27
Fe Fees and Expenses 4/30/19 Fossil Ridge Metropolitan District 28
Where Does Whe s My y Mone ney y Go FRMD Quarterly Dues $265: All general maintenance, Trails, Retreat and Pool. Solterra HOA Dues $180 annually: Covenant Control and Garbage Collection FRMD Quarterly Sewer Billing (direct pass through) FRMD Maintenance Area Fees: If you live in one of three maintenance fee areas, you pay monthly fees of $20 or $25 for services that are unique to your area (ex. Snow removal and landscape maintenance). 4/30/19 Fossil Ridge Metropolitan District 29
Ma Maintenance F Fees a and E Expenses Fee and Expenses for 34,200 Fees Estimated 2019 Filing 15 and 16 Cardel Townhomes in Maintenance Fee Area 3 2019 Landscape 2019 YTD Snow Removal Maintenance Budget $46,266* $30,150 *And we still have Fall 2019 snow season
Que Questi tions ns 4/30/19 Fossil Ridge Metropolitan District 31
Th Thank k You 4/30/19 Fossil Ridge Metropolitan District 32
4/30/19 Fossil Ridge Metropolitan District 33
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