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Timberidge T Townhomes Homeowners A Association Annual Meeting 4 - - PowerPoint PPT Presentation
Timberidge T Townhomes Homeowners A Association Annual Meeting 4 - - PowerPoint PPT Presentation
Timberidge T Townhomes Homeowners A Association Annual Meeting 4 February 2018 Your Manager: John Mackenzie Cell Phone: 940-595-0584 Timb mberidge T Townhome mes Home meowners A Association 2018 Annual Meeting AGENDA I. CALL
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Timb mberidge T Townhome mes Home meowners A Association
2018 Annual Meeting
AGENDA
- I. CALL TO ORDER
- II. ESTABLISH QUORUM/PROOF OF NOTICE
- III. WELCOME & INTRODUCTIONS
- IV. APPROVAL OF MINUTES
- V. FINANCIAL REPORT
- VI. ELECTION OF DIRECTORS
- VII. ASSOCIATION UPDATE
- VIII. NEW BUSINESS
- IX. ANNOUNCMENT OF ELECTION RESULTS
- VIII. ADJOURN
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Annual Meeting Notice
Thank you for your presence this evening!
- Notice mailed on 01/19/2018
- Establish Quorum (67% of total votes/29 votes
represented either in person or by proxy)
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Your Board Members
- Robin Montgomery
- David Tercero
- Yuliya Summers
- Judith Merriam-Ream
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What does the Management company do and what is their authority?
Answer: The management company is contracted by the Board of Directors to handle the day to day
- perations of the Association and to provide guidance
to the Board. The Board of Directors make the final decisions regarding the Association and the management company is tasked with implementing the Board's decisions and/or instructions.
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Approval of 2017 Annual Meeting Minutes
- 2017 Annual Meeting was held Sunday, February 26, 2017.
- Robin Tercero Montgomery, President of the THOA Board
read the Minutes.
- See 2017 Documents page on the Timberidge HOA website
for more detailed Annual Minutes.
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ELECTION OF DIRECTORS
Each nominee will have a limit of 2-minutes to present a personal statement, relevant background experience, outline their goals and
- bjectives if elected to the board of directors
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2017 HOA FINANCIAL STATEMENTS
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2017 Operating Budget - $61,438
Maintenance $0 0% Administrative $23,754 39% Landscape & Irrigation $5,820 10% Taxes & Administration (Promissory Note) $10,923 18% Utilities $12,400 20% Common Area $5,040 8% Professional Fees $850 1% Transfer to Reserve Account $2,650 4%
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2017 Actual Expenses - $68,643
Maintenance $146,547 53% Administrative ($103,750)
- 38%
Landscape & Irrigation $11,130 4% Taxes & Administration $240 0% Utilities $9,281 3% Common Area $4,870 2% Professional Fees $325 0% Transfer to Reseve Account $0 0%
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2018 HOA BUDGET
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Your HOA Website
www.Timberidge.Wordpress.com
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Association Update
- Completed the payments for the retaining wall
loan in February.
- Removing and replacing roof shingles for all six-
buildings.
- Irrigation repaired and in working order.
- Beginning fence and balcony replacements on the
east side.
- For a detailed list of all 25 important
accomplishments please go to your association website
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Board Reserve Fund Recommendation
- 2017 Existing Levels: $105,840 – $210/unit/month
– Operating: $42,200.64
- $83.73/unit/month
– Reserve: $15,883.42
- $31.51/unit/month
– 2018 Projected Income: $105,840 – 2018 Special Assessment: $45,150
- $1,075/unit due on or before Monday, April 2, 2018.
– 2020 Projected Reserve Fund Balance: $202.00
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Timberidge Townhomes Homeowners Association
When is an Architectural Application needed?
An Architectural Application is required for any exterior modification, and/or improvement to the exterior of your townhome. Before you add window solar screens or install a Satellite Dish please contact your management company.
Applications are available on Timberidge Townhomes HOA website (www.Timberidge.Wordpress.com).
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Communication: Quarterly Board Meetings
- Dates:
– May 2018 – August 2018 – November 2018
- Timberidge Townhomes HOA website:
http://Timberidge.Wordpress.com/
– Meeting dates – Meeting minutes – Other important community information
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Neighborly Reminders
- Please observe speed limit (10 mph)
- Avoid parking in another owners parking spot
- Please observe if your dog is constantly
barking
- Please pick up after your dog
- ALL Trash goes into the dumpster
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Questions and Answers Your HOA website: www.Timberidge.Wordpress.com
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To send you:
- Meeting notices
- Important announcements
- Updates on activities and events
Your Email address will NEVER be shared with any one outside of the Association.
We Want Your Email Address!
Timberidge Townhomes Homeowners Association
- Management Company: Secure Association Management - John Mackenzie
- john@secure-mgmt.com or
- Cell phone 940-595-0584 / fax 940-497-SECURE(7328) or
- 1440 Robinson Rd., #440, Corinth, TX 76210
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References
- Anderson Construction – Fences & Roof
Repairs
- Criterium Dotson Engineers – Reserve Study
- Oscar Orduno – Retaining Walls
- Jon Wright Industries – Roof Repairs
- Environmental Maintenance – Landscaping
- Quality Electric – Electrical Repairs
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