1. The Courtside at Arapahoe Lake
Condominium Association
Annual Owners Meeting
Date: Tuesday, November 15, 2016 @ 5 PM
Location: 5150 Offices

2. Agenda
1. Call to Order
2. Establish Quorum
3. Proof of Notice
4. Board of Directors
5. Officer Reports
6. 2017 Budget
7. New Business
8. Election of 2 Directors
9. Executive Session
10.Adjournment

3. Board of Directors
Meet the Team

4. President’s Report
Courtside At Arapahoe Lake Condominium Home Owners
Association
The Courtside At Arapahoe Lake Condominium Association Board is
an elected body of volunteers whose purpose is to build a strong
community by managing assets, ensuring compliance with
covenants and by-laws, and preserving property values of owners.
Association Mission Statement: To become the most desirable
residential community in the Denver Tech Center where residents
enjoy safe, attractive, housing in a harmonious community that is
financially secure, and socially rewarding.

5. President’s Report, Cont.
5150 Property Management
Susan Horton, CMCA, AMS
5150 Community Ambassador
Rich Haas
Project Manager

6. President’s Report, Cont.
Strategic Planning
 The board worked to analyze improvement expenses,
projected costs, and scope of work for the purposes of
taking a loan.
 This took over a year to scope the work, analyze needs, dig
deep into the financials, and develop a plan that was
financially responsible and addressed the needs of the
community.
- Special Kudos to Bill, Ted (Former Residents), David, Bob,
Steve, Jon, Susan, Jill, and Rich!

7. President’s Report, Cont.
2016 – The year of Projects!
 Construction Project – Pond
 Construction Project – Pool
 Construction Project - Sport court refinished
 Construction Project - Parking lots re-graded &
paved
 Dryer vent cleaning/chimney sweeping

8. President’s Report, Cont.
Before - Pond

9. President’s Report, Cont.
After - Pond
Kudos - David!

10. President’s Report, Cont.
Before - Pool

11. President’s Report, Cont.
Pool – Construction Pictures

12. President’s Report, Cont.
Pool – Finished!

13. President’s Report, Cont.
Pool – Sept 11th Party!

14. President’s Report, Cont.
Parking Lots
 Reconfigured to create more parking spaces.
• Spaces, went from 50 to 78 – 17 total on the south
(Bldg 8 & 9), and 76 to north

15. President’s Report, Cont.
Parking Lots
 Reconfigured parking lots to create more parking spaces and
improved trash/recycle vehicle flow (this will help maintain
our pavement longer).
 Moved fire hydrants to create more spaces.
 Moved dumpsters closer to the middle of the complex - this
will reduce pavement wear and tear.
 The board developed a long range parking plan to create new
parking spaces – Kudos Steve, David, Alicia, Bob, Jon, and Jill!

16. President’s Report, Cont.
Before Pictures

17. President’s Report, Cont.
Parking lot
The HOA faced challenging zoning
requirements.
- Thank you Rich for your calm, organized,
and persistent approach!
More parking spaces will be added.
Each unit will have a designated
parking space.

18. President’s Report Cont.
Parking lot

19. President’s Report, Cont.
Sport Court Kudos - David!

20. President’s Report, Cont.
Security
Please be vigilant when enjoying our amenities to adhere to the rules.
 This includes not using the amenities during the posted quiet hours.
 This will ensure the safety and enjoyment of all residences.
If you observe an unsafe or malicious act in our community, please do/say
something.
We have contracted with a security company 24/7 who can be called to
investigate.
Please don't be afraid to call Front Range Patrol (303-429-5061) and report a
concern

21. President’s Report, Cont.
Smaller projects
 Tree trimming throughout property
 Organized dryer vent cleaning for all the units
– Kudos Jill & Susan!
 Crawl space issue resolution for units 10335A &
10337A
 Ordered pool chairs for the pool
- Kudos to Steve, Rich, and Susan!

22. President’s Report, Cont.
Committees
 Homeowner committees to foster community involvement
 Think Savings (HOA savings ideas), Chair Jon
 Community involvement, Chair Jill
 Marketing – Newsletter, Chair Bob
 Dryer vent and chimney cleaning project – Kudos Jill!
 The board implemented newsletter to provide transparency
and communication around the work being done with the
loan, projects, scope of work, and timelines – Kudos Bob!

23. President’s Report, Cont.
Committees Think Savings
 Transitioning the HOA website to 5150 reduces expenses
to the homeowners
 Increased functionality: email blasts & online
payments
 Saves the HOA between $1,000 - $2,000 a year
 We moved the HOA meeting time to 5:00pm, saving us 10%
on our management fee!
 Still can’t figure out why one building is using 2-3x more
water than the others #Nevergiveup - Jon!

24. President’s Report, Cont.
Status of the Insurance Claim
We were under compensated for the damage caused by the storm
The board is working with C3 Group, Licensed Public Adjusters, who
are helping us to do document the damage done by the hail storm
and counter the initial offering by our insurance carrier Lloyds of
London
We have been reimbursing homeowners for damage to AC units,
windows, and skylights caused by the hail with our initial insurance
settlement money

25. Property Values
Sales 2014 & 2015
Sales 2016

26. HomeSales
Address Unit Type Listed Price Sold Price Date
6465SHavana St A $149,250 5/21/2014
6439SHavana St B $155,000 7/9/2014
6477SHavana St B $164,000 12/22/2014
6475SHavana St B $139,500 5/8/2015
6495SHavana St A $176,000 11/3/2015
6443SHavana St B $225,000 $215,000 5/18/2016
6475SHavana St A $204,900 $225,500 6/2/2016
6453SHavana St B $215,000 $215,000 8/2/2016
6469SHavana St A $255,000 $255,000 8/19/2016
10343E PeakviewAve A $195,000 $210,000 8/29/2016
26
Property Values, Cont.

27. President’s Report, Cont.
Taking Care of Our Community
We all have a vested interest in the care and upkeep of these amenities.
 We have had to repair damage to the pool gate due to vandalism.
 Damage such as this not only creates an inconvenience to others that
want to enter the pool, but costs money to repair. These repairs are
unexpected expenses that come from our monthly dues. If we don't
prevent these issues, we will all be paying more in monthly fees.
 Another issue we are experiencing is children under the age of 14 are using
the pool without adult supervision within the fenced area.
 The concern is that if a child needs assistance immediately, there is no
one there to offer assistance.

28. 28
President’s Report, Cont.
In 2017, we will focus on maintaining the improved image of the
community.
• This means a more active focus on covenant control and issuing
fines.
• Owners, Please share with your renters the Rules & Regulations as
they will be enforced.
• Issues in 2016 were: dog waste/noise, gas grills, black frame
window replacements, garage doors, oversize trash dumping
(furniture)
Taking Care of Our Community

29. Treasurer Report
Finance
 HOA is in good financial condition and the loan was critical
for infrastructure repair(s).
 Assessment Delinquency is presently non-existent

30. New Business
 New Business

31. Questions

32. 2016 Election of Directors
 Election of Directors - Bob & Jon

33. End of Meeting
Thank you for attending!