President Presentation 25 Sep 10 Town Hall

Villages of WestcreekSan Antonio, TX 78253September 25, 2010

 Bexar County Commissioner, Precinct #1, Honorable Sergio “Chico” Rodriguez State of the Community Address, President Staff Update, Community Manager Draft 2011 Budget, Treasurer Board Members Presentations Question and Answer Session

 Late Assessments are decreasing but still impact the homeowners

$39,977.38$40,000.00 Currently carrying $69,715.88$35,000.00 outstanding debt by homeowners$30,000.00 $28,062.57$25,000.00$20,000.00$15,000.00$10,000.00 $5,000.00 $393.59 $1,282.34 $0.00 1-30 days 31-60 days 61-90 days Over 90 days

2000 188818001600 Currently 3320 homeowners in Westcreek 1402140012001000800600 395 446400 361 200 200 0 Current 1-30 days 31-60 days 61-90 days Over 90 days Total Late

800700600 2005500 2006400 2007 2008300 2009200 2010100 0 1-30 days 31-60 days 61-90 days Over 90 days

 Late Assessments are decreasing but still impact the homeowners “De-mything” foreclosures and the HOA process for collecting on delinquent assessments

November February April May SeptemberAssessment [30 days] [100 days] [155 days] [245 days]Coupons are Statement sent Lawyers office Lien is placed Judgmentsent out for to Homeowner is notified of on property takenthe following debt Decemberyear [335 days] FORECLOSURE -60 -30 30 60 90 120 150 180 210 240 270 300 330 365 January March April July November Start of Fiscal [60 days] [110 days] [200 days] [305 days] Year, Texas Property Issue Demand Lawsuit Filed, Foreclosure Assessments Code Letter Letter homeowner requested due sent via served Certified USPS mail Payment arrangements can be made with office at any time before it is sent to the lawyer and after it is sent to the lawyer COMMUNICATION IS KEY

 Late Assessments are decreasing but still impact the homeowners “De-mything” foreclosures and the HOA process for collecting on delinquent assessments Long-term projects for the future

 Online payments and account access  PayPal  Secure Access Community Bylaws Revision  Overdue amendments  Doesn’t solve CC&R issues Fence Project  More sustainable options Neighborhood Lights  Solar powered  Yard lights Use of 26-acres of undeveloped land  Self-storage  Day Care  Nature Trail

 Please help us to get everyone’s mailing address, email address, phone numbers, etc. Volunteers for Committees 2011 Election and Annual Meeting

President Presentation 25 Sep 10 Town Hall

by VWOA on Dec 27, 2010

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President Presentation 25 Sep 10 Town Hall — Presentation Transcript