So Solterra T Townho nhome me Me Meeti ting April 30, 2019 - - PowerPoint PPT Presentation

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So Solterra T Townho nhome me Me Meeti ting April 30, 2019 - - PowerPoint PPT Presentation

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


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So Solterra T Townho nhome me Me Meeti ting

April 30, 2019

Welcome & Please Sign In

4/30/19 Fossil Ridge Metropolitan District 1

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Me Meeting P Purp rpos

  • se

Provide information to the Townhome Owners in our Community

4/30/19 Fossil Ridge Metropolitan District 2

Me Meeting Sc Scop

  • pe

Information related to outside maintenance within your property line Questions

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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

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Qu Question

  • n 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

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Ho How S Solt lter erra is is Or Organiz anized ed

4/30/19 Fossil Ridge Metropolitan District 5

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So Solter erra Geo eogr graphical Organization Fi Filings gs

4/30/19 Fossil Ridge Metropolitan District 6

Area of Cardel Townhomes Filing 15 Cardel Townhomes Filing 16 Cardel Townhomes Brookfield Residential

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So Solter erra Geo eogr graphical Organization District cts

4/30/19 Fossil Ridge Metropolitan District 7

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

Area of Cardel Townhomes * District 1: Includes

53 residences not shown

*

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Im Impr provem emen ent t Locatio tion n Cer ertif tific icate

4/30/19 Fossil Ridge Metropolitan District 8

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

  • r beyond the deed lines.

In a moment, you will see this on the filing maps.

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Filing Filing 15 Main aintenanc enance e Map ap

4/30/19 Fossil Ridge Metropolitan District 9

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Filing Filing 16 Main aintenanc enance e Map ap (1

(1 of f 3)

4/30/19 Fossil Ridge Metropolitan District 10

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Filing Filing 16 Main aintenanc enance e Map ap (2

(2 of f 3)

4/30/19 Fossil Ridge Metropolitan District 11

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Filing Filing 16 Main aintenanc enance e Map ap (3

(3 of f 3)

4/30/19 Fossil Ridge Metropolitan District 12

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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

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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

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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

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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

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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

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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

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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

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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

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Filing Filing 15 Main aintenanc enance e Map ap

4/30/19 Fossil Ridge Metropolitan District 21

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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

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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

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Filing Filing 16 Main aintenanc enance e Map ap (1

(1 of f 3)

4/30/19 Fossil Ridge Metropolitan District 24

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Filing Filing 16 Main aintenanc enance e Map ap (2

(2 of f 3)

4/30/19 Fossil Ridge Metropolitan District 25

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Filing Filing 16 Main aintenanc enance e Map ap (3

(3 of f 3)

4/30/19 Fossil Ridge Metropolitan District 26

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District ct Maintenance ce within Property Su Summary

4/30/19 Fossil Ridge Metropolitan District 27

Filing 15 Filing 16

  • Front Walk Ups – Snow

Removal and Maintenance

  • Landscaping Maintenance

in Private Lot

  • Front Walk Ups – Snow

Removal and Maintenance

  • Landscaping Maintenance

in Private Lot

  • Rear Apron – Snow

Removal and Maintenance

  • Planter Boxes
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Fe Fees and Expenses

4/30/19 Fossil Ridge Metropolitan District 28

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Whe Where Does s My y Mone ney y Go

4/30/19 Fossil Ridge Metropolitan District 29

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).

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Ma Maintenance F Fees a and E Expenses

34,200 Fees Estimated 2019

2019 YTD Snow Removal

$46,266*

2019 Landscape Maintenance Budget

$30,150

*And we still have Fall 2019 snow season Fee and Expenses for Filing 15 and 16 Cardel Townhomes in Maintenance Fee Area 3

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Que Questi tions ns

4/30/19 Fossil Ridge Metropolitan District 31

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Th Thank k You

4/30/19 Fossil Ridge Metropolitan District 32

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4/30/19 Fossil Ridge Metropolitan District 33