Transcript 2008 Annual Homeowners Meeting

Persimmon Creek
Annual Meeting
August 26, 2014
www.PersimmonCreekHOA.com
Volunteer Board Members
Term Expires
Andrew Yonce
President & CEO
August 2015
Marlin McCoy
Vice President
August 2014
John Stocker
Treasurer
August 2014
Pete Dickinson
Secretary
August 2014
Jessica Stauffer
Member at large
August 2014
Derek Minker
Member at large
August 2014
Derek Edwards
Member at large
August 2015
Dan Hall
Member at large
August 2015
Board of Directors Standing for
Election
Term Expires
Marlin McCoy
Vice President
August 2014
John Stocker
Treasurer
August 2014
Pete Dickinson
Secretary
August 2014
Jessica Stauffer
Member at large
August 2014
Derek Minker
Member at large
August 2014
Board Achievements 2013-2014
Maintained a Balanced Budget
 Continued to Aggressively pursue Delinquent Accounts
 Established a Reserve Account for Reserve Expenditures
 Maintained Community Common Areas
 Monitored and Partnered with Blenheim Builder
 Saved $1200.00 on Annual Insurance Premium
 Enhanced post snowstorm clean up services

2013 -2014 Year in Review

Continued Strong Financial Position

Delinquencies are down again 5th year running

Section 5 of Persimmon Creek is almost completed by
Blenheim

Landscaping in Section 5 of Persimmon Creek completed
by Blenheim
2014 -2015 Focus

Enhance community common areas
◦ Playground mulch refresh
◦ Partner with county to repaint curbs
◦ Partner with county to mark fire hydrants


Publish master color pallet
Homeowner property community rule enforcement
(to increase home values)


4th dog station installation on Persimmon Way
Transfer of Phase 5 common area to HOA from Builder
FY 2013-2014 Financial Report
Current Cash Position
Ending Balance (7/31)
$ 63,772.38
Back Dues owed to the community was $7378.30
Fiscal Year 2014-2015 Dues
No Increase in dues. They will remain the same at
$239 for Fiscal Year 2014-2015
Things to keep in mind:
•
Dues notices will be mailed Sept 1st
•
Dues are due Sept 30th
•
All reasonable payment plans accepted, Contact Aspen
•
Failure to pay will result in account being sent to collections
FY2014 - 2015 Budget
Dues for 2014-2015 will be $239 per home
2014/15 Budget
Income
06310 - Association Fees
$
46,844
Expense
07010 - Management Fees
12,160
400
07020 - Accounting & Audit Fees
07160 - Legal Fees
500
07280 – Insurance
1344.00
07300 – Website
250
07320 - Office Expense
2,000
07410 – Community Expense
150
07990 - Bad Debt Expense
5,000
08910 – Electricity
5,000
09020 - Grounds Maintenance
9,300
09110 - Repair and Maintenance
500
09140 – Janitorial
End of Expense
09910 - Reserves - Saving Contribution
3,200
$
$
39804
7040
Welcome Lorraine Brady
Aspen Property Manager
200 East Main Street
Elkton, MD 21921
Phone: (410) 620-2598
Fax: (443)303-8890
General Email: [email protected]
Lorraine Brady, Property Manager
Email: [email protected]
Brad Carrillo, President/Property Manager
Email: [email protected]
Website: http://www.aspenpropertymgmt.com
Aspen Management Report

Aspen Visits the Community Every Other Week

Typical Enforcement Procedure
◦
◦
◦
◦
Initial warning
Second Warning
Final Warning
Advise the Board to make a determination to send to legal for
enforcement or attempt to resolve with an alternative method.
Aspen Focus for 2014-2015
Manage 2014-2015 HOA Billing / Processing
 Collect on Past Due Accounts
 Manage Finances to the Board’s Budget
 Focused Enforcement of the following:

◦ Exterior Home Maintenance (i.e. missing shutters, missing shingles, etc.)
◦ Homeowner Landscaping Maintenance (i.e. over grown lawns, bushes, etc.)
◦ Use current HOA fine structure when there is non-compliance with HOA standards
put in place to keep the community nice
◦ Manage transition of new Blenheim Homes joining our community
◦ Parking

Other Tasks as Assigned
Questions
Please feel free to speak with
Lorraine Brady, Aspen Property
Manager or a Volunteer Board
Member with any additional
Questions?