On October 23rd, 2014, we updated our
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Annual dues are low compared to other Associations in the area
Delinquent payments (complicated by inconsistent documentation)
Inconsistent (ad hoc) allocations to various activities
e.g., Social Events
No contingency fund for unexpected costs
Review of other Homeowner Association dues and policies
Attempts to take delinquent accounts off the books
Discussions with adjacent Associations about shared services
Executive Board formulation of a new dues structure and budget
Recommendations & Discussion
Proposed 2010 Budget 2008 Dues & Spending Dues $ 110 Total ($110 x 45) $4,590 Spending Insurance Policy $ 269 Landscaping $1,548 Snow Removal $5,500 Social Activities $ 483 Administrative $ 65 Total $7,865 Current Balance: $3,649 2010 Proposed Dues & Budget Dues $ 200 Total ($200 x 45) $9,000 Proposed Budget Insurance Policy $ 269 Landscaping $ 500 Snow Removal $5,500 Social Activities $ 500 Administrative $ 300 Total $7,069 Projected Balance: $5,618
Proposition A: Budget & Homeowner Dues
Proposition A is a proposal to approve the Board’s proposed budget and raise the annual dues from $175 (in 2009) to $200. The increase in dues is being requested to build a surplus that can be used to cover unexpected expenses .
A YES vote on Proposition A would approve the proposed budgetary spending and raise homeowner dues to $200 per year
A NO vote on Proposition A would keep homeowner dues at $175 per year The Executive Board recommends a YES vote on Proposition A
Road Committee Report
Issues facing the Association
Complaints from residents on last year’s plowing and salting
Need for Repair
Inadequate public or private funds
Disagreement on how much of the cost homeowners should bear
Confusion over final costs to homeowners
Willingness of all homeowners in the association to contribute
Ongoing appeals to Wayne County for patching
Review of Edenderry SAD
Review and Modification of Township SAD policies
Review of Federal, State & Township Funding Sources
Meeting with Township & Other Homeowner Association Officials
Survey of Homeowners
Conclusions and Recommendations
Road Survey Results Zero Under $5k Under$10k Under $15k No Price Too High Question: What is highest priced SAD proposal you would support?
Social Committee Report
Summary statement of the issues facing the Association
Partial Interest & Attendance
Requests for Self-funding
Proposition B: Road Repair
Proposition B is a proposal to allow the Executive Board to continue exploring alternative road repair options and funding sources for a period of six months; with a final report and SAD recommendation due at the November Homeowners meeting.
A YES vote on Proposition B would empower the Executive Board to explore alternatives until the November meeting; where a final repair recommendation will be made.
A NO vote on Proposition B is a mandate to immediately solicit competitive bids and form a new SAD based on the lowest cost received The Executive Board recommends a YES vote on Proposition A