emergency meeting october 2011 v4 (small)

8/3/2019 Emergency Meeting October 2011 v4 (Small)

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Ashford Lakes Residents EmergencyMeeting

October 17, 2011

Introduction 7:00

Report: current issues and

recommendations 7:05

Rebuttal from the current Board 7:50

Questions & Answers / Audience Forum 8:10Summary 8:25

Adjourn 8:30


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Ashford Lakes Facts

465 Homes 9 Sections / 4 phases (first phase 1998-

99)

Approximately 2 miles of concrete fence 6 Lakes

9 Fountains ($10,000 each)

8 Entrances (including back entrances)

13 Flower Beds at entrances

13 Ashford Lakes signs


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AnnualAssessment

Started $275Ended $414

1999 2005

Developer and TMC

3 Board MembersMonthly Deed Restriction InspectionsDeveloper left subdivision $22,000 in debt

Sequence of Events for Ashford Lakes


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AnnualAssessment


2005-2009

CIA Services

Residents take over the Board in 2005Board grows from 3 to 7 membersSemi-monthly deed restriction inspectionsincluding the lakes

Refilled lakes in 2008-2009 due to drought


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AnnualAssessment


2009-2011

Austin Properties

7 Board membersSemi-monthly deed restriction inspectionsincluding the lakes


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Annual

Assessment$360

2011-Present

Real Management

7 Board membersMonthly deed restriction inspections


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Challenges We Face as a Community

Maintenance - SecurityConcrete fence repairs

Maintenance - Appearance

Lakes (trees are dying around the lake and more willcontinue to die)

Concrete fence

SignsLandscaping

Question: Does the current condition of our community represent thevalues of our homes?


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Board decision-making and planning

2011 reduction assessment

Owners saved $8.33/month

Ashford Lakes lost $50,000 formaintenance/repairs and enhancements

Unchanged 2012 assessments

Owners save another $8.33/monthAshford Lakes loses another $50,000 formaintenance/repairs and enhancements

Question: How Does the Board decision to reduce our assessmentmaintain or enhance our property values?


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Lack of communication by the Board

Regular meetings cancelled (last Board meetingJuly 2011)

No meeting minutes posted on theAshford Lakes website or sent via email

No response (or disrespectful

responses) to requests from owners

Aging community

Requires more attention andmaintenance to community

Requires more attention to maintaining

homes


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The trees arentgetting enough waterand are dying.


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Other Lakes in Sugar Land

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Other Lakes in Sugar LandOctober 17, 2011


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October 17, 2011Other Lakes in Sugar Land

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R d i


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Recall Board members

that voted to decrease our assessmentreject raising the fee and paying maintenance

Recommendations

Voted to Reduce 2011 Assessment

Board Member VoteDavid Lee Yes

Jenny Dee Yes

Hei Cheng Yes

Julie Elliot No

Abiola Williams No

Charlie Che Did not vote

Vinod Patel Did not vote

This requiresa specialelection

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Increase the assessment to cover known repairs

Recommendations

Repair Needed Estimate

Concrete fence repairs $35,000 - $50,000

Fill lakes with water $10,000 - $20,000Power wash concrete fence $30,000

Paint fence and signs

Total $75,000 - $100,000

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Recommendations

Proposed 2012Assessment *

Monthlyadditional cost

/ resident

RevenueGain

$414(Standard 15% increase)

$8.33 $25,110

$495(2010 level)

$12.08 $62,775

$585(covers existingmaintenance needs)

$19.58 $100,000

Increase the assessment to cover known repairs

* Increases over 15% require 2/3 approval vote of homeowners.


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Expected Results

Keep Us SafeKeep Ashford Lakes Maintained / Repaired


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What Happens Next

Tell your neighbors what we talked about tonight

Sign the petition for a recall election on November14th

Attend the meeting on November 14th

Run for one of these three Board positions

emergency meeting october 2011 v4 (small)

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