Transcript Woodbridge Annual General Meeting

Annual
General Meeting
Home Owners Association
Tuesday , October 30th, 2012
Today’s Agenda
1.
2.
3.
4.
5.
6.
7.
8.
Meet the Directors
President’s Update
Highlights for 2012
Fedex and Neighborhood Updates
2012 – Financial Report
Proposed 2013 Budget
Nominations and Elections of Board
Positions
Question and Answers
Meet the Directors





Brad Halbach
Shylleza Vasisht
Chadd Merrigan
Anna Martca
Ashish Arora – (Interim Director)
What is the HOA?
The Woodbridge HOA is the organization joined by you as a condition of
purchasing a home in the Woodbridge neighborhood. If you are a renter, your
landlord is a member of the HOA. The HOA exists to preserve the condition
of the shared resources of the neighborhood, which include, to a limited
extent, the condition of visible items on privately-owned property.
There are other HOAs in the neighborhood as well, serving townhome
owners. The Woodbridge Homeowners Organization has no relationship with
these companies and we receive separate dues payments. The townhome
owners receive services such as landscaping and repair, which are done on
their properties, and therefore have a closer and more costly relationship with
their townhome-specific association.
What does the HOA do?
First and foremost, the HOA arranges for landscaping services, water and
electric connections, and public facility repair and upkeep such as playground
equipment and signage.
Second, the HOA enforces the limited rules regarding private property use that
are stated in the "C, C, and Rs" that you agreed to upon purchasing your
property, plus any additional rules that have been voted into existence by the
HOA through the years.
Third, the HOA often, but at their discretion, hosts social events such as the
Fourth of July event, forms action committees to tackle common challenges,
and installs new improvements on shared neighborhood property.
What do the HOA directors do?
To accomplish the above things in a fair and effective manner, and to ensure
adaptation to changing needs, the directors meet monthly to discuss
developments, vote on new actions or policies, and divide responsibilities for
needed actions among themselves.
Except in special cases when even more volunteers are needed, the directors
act as volunteers of first resort. Each winter, the directors arrange the mailing
of dues notices and follow up on payment collections. In the spring,
landscaping needs are evaluated and services negotiated with a landscaping
company. In the summer months, the Fourth of July event is arranged, and
enforcement of property upkeep is performed. In the fall, budget plans are reevaluated and presented at the Annual General Meeting. Also in the fall, the
board runs elections of new board members to replace those whose 3-year
terms have expired, as appropriate.
Where do I fit in?
We are all part of the HOA, and we all need to participate in setting a smart and
sustainable course for the neighborhood, if not by direct voting as an HOA
director, then at least by participation in board elections by voting for and
nominating candidates that you feel would pursue the right actions. All owners
are eligible to join the board if elected. In addition, volunteers are occasionally
needed for seeing the HOA activities to conclusion, and your participation is
encouraged.
What do I need to know?
Not really that much. Add a bookmark to
http://www.woodbridgeowners.com, and everything you need is right there:
announcements, community rules, a route to join the Google discussion
group, the list of current directors, meeting minutes, and other Woodbridgescoped information.
But really. What do you need to know? Know your neighbors! Keep them in
mind. Ask what's new. Invite them over for a playdate. The success of the
neighborhood will be a no-brainer if we're all keeping cohesive and sharing
what we know.
President’s Update




We are planning to finally move forward with 3rd party
company to conduct enforcement next year.
Deploying a sign at narrow circle near park
Plan on re-barking the neighborhood
next year.
Homes continue to increase in value and
over 16 homes have sold this YTD
Highlights and Updates for 2012

4th of July – Great turn out and great weather
Completed Projects
 Swing Installation in Phase 2


Received $5000 city grant funds towards project
Drainage upgrades in a few park areas
Fedex agreements:
 Fedex/SunCap





City

Cadman




Woodbridge
Traffic, parks, land
use studies
Citizens Advisory
Committee
Code enforcement
Taylor

Genie
All trucks exit to north
Sound wall, berm,
vegetation
Designated contact
In building permit
Prior notification
Community meetings
Acknowledgements

Participants



Projects team:





100 residents submitted
comments
120 residents signed
appeal
Howard Hillinger
Manish Garg
Mohit Datta
Anna Martca
Attorney: Jay Derr

Contributors:








Woodbridge HOA
Nancy Barevics
Zaffer Lalji
Changming Ma
Fuyu Liu
Howard & Pam Hillinger
Manish Garg
Mohit & Shika Datta
County
maintenance
base
Future trail
UHCC Taylor
Future
Development
Cadman
Future traffic
signal
UHCC Taylor
Future
Development
Cadman
Future
Development
Future Projects:
 Remainder of UHCC
 Residential north of
park
 Genie
redevelopment?
 South half of
Cadman
Future 73rd
street
Taylor Future
residential
Development
Genie
lease with
Taylor
expires 2016
Park
Woodbridge
SE Redmond
Neighborhood Plan
 First meeting Nov
6th
YTD Income & Acct. Balances
2012 Expenses
…Continued
Annual Dues for 2013
 Single
Family Dues $475
 Town Home Dues $285
2013 Budget Income
INCOME
Annual Dues
Town Homes
Single Family Homes
TOTAL Annual Dues
Other Inc
CD Interest
Escrow Fees
TOTAL Other Inc
TOTAL INCOME
$18,810
$133,000
$151,810
$0
$300
$2,400
$2,700
$154,510
2013 Budget Expenses
EXPENSES
Administrative
Social - Events
Bank Fees
$120
Insurance
$4,000
July 4th
$2,000
Legal Fees
$1,000
Other Events
$1,000
Postage - Mailings
TOTAL Administrative
Community Improvements
$500
$5,620
$20,000
Landscaping
Backflow Testing (Annual)
Bark
Annual Meeting
$800
$10,000
Irrigation Repairs
$8,000
Landscape Repairs
$10,000
Maintenance (Monthly)
$66,000
Playground Wood Chips
$2,000
TOTAL Landscaping
$96,800
TOTAL Social - Events
Taxes
$500
$3,500
$300
Utilities
Electric
$3,000
Water
$30,000
TOTAL Utilities
TOTAL EXPENSES
$33,000
$159,220
Open Nominations

What are you passionate about?



Parks, Events, Administrative, Social
Your chance to make a difference!
Influence community decisions
Election of Directors



2 Director posts up for elections
Term ending 2015.
Candidates for Director’s posts
Open Forum

Question and Answers