hickory creek subdivision hoa 2012 mtg presentation

8/2/2019 Hickory Creek Subdivision HOA 2012 Mtg Presentation

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Hickory Creek SubdivisionHickory Creek Subdivision

Home Ow ners Associat ion Annual Meet ingHome Ow ners Associat ion Annual Meet ing

Agenda:Agenda:1.1. Introduction of BoardIntroduction of Board

2.2. Review of FinancesReview of Finances

3.3. Subdivision IssuesSubdivision Issues4.4. Review of Upcoming EventsReview of Upcoming Events

5.5. Election for Open Seats on BoardElection for Open Seats on Board

6.6. Raised Comments from Questionnaire?Raised Comments from Questionnaire?7.7. Question/Answer PeriodQuestion/Answer Period

8.8. CloseClose


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1.1. Introduction of BoardIntroduction of Board

Pino Mancina (seat open for election)Pino Mancina (seat open for election)

Ralf Hiebl (seat open for election) Mark Tabacchini (seat open for election)

Scott Reygaert

Bill Bye


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2.2. Review of FinancesReview of Finances Account Bank Balance as of April 4Account Bank Balance as of April 4thth, 2012:, 2012:

$22,868.70$22,868.70

Account at Huntington Bank in WarrenAccount at Huntington Bank in Warren

HOA maintains a checking and savings account.HOA maintains a checking and savings account. Does not include collection of all 2012 DuesDoes not include collection of all 2012 Dues

Finances have been well managed. Many HOA are inFinances have been well managed. Many HOA are incritical financial condition that require increasing dues.critical financial condition that require increasing dues.

Late fee charge for 2012 dues: 1Late fee charge for 2012 dues: 1stst

month late = $15,month late = $15,add $5 every other late month for a 12 month period:add $5 every other late month for a 12 month period:June = $15+$20, July = $15+$20+$25, August =$15+$20+$25+$30, etc.


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2.2. Review of Finances (continued)Review of Finances (continued) History of Bank BalanceHistory of Bank Balance

Account Balance

$-

$5,000.00

$10,000.00

$15,000.00

$20,000.00

$25,000.00

$30,000.00

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Year

Account Balance


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2.2. Review of Finances (continued)Review of Finances (continued) Income Collected in 2011:Income Collected in 2011:

Dues:Dues: $13,831.45$13,831.45

Interest Income:Interest Income: $10.00$10.00

Misc:Misc: $3,279.96$3,279.96

Total:Total: $17,121.41$17,121.41

Expenses for 2011:Expenses for 2011: Attorney Fees:Attorney Fees: $1,716.10$1,716.10

Xmas Lights:Xmas Lights: $603.20$603.20

Fertilization of Grass:Fertilization of Grass: $477.75$477.75 Garage Sale:Garage Sale: $46.65$46.65

Insurance:Insurance: $1,040.00$1,040.00


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2.2. Review of Finances (continued)Review of Finances (continued) Expenses for 2011 (continued)Expenses for 2011 (continued)

Stamps:Stamps: $148.59$148.59

Supplies:Supplies: $0.00$0.00

Transfer to savings:Transfer to savings: $0.00$0.00

Electric:Electric: $509.10$509.10 Water:Water: $619.41$619.41

Total Expenses:Total Expenses: $22,144.23$22,144.23

Net Income for 2011Net Income for 2011

Total Income:Total Income: $17,121.41$17,121.41 Total Expenses:Total Expenses: $22,144.23$22,144.23

Net Income/(loss)Net Income/(loss) ($5,022.82)*($5,022.82)*

*due to New Signs that were constructed*due to New Signs that were constructed


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2.2. Review of Finances (continued)Review of Finances (continued) Plan for reduction of Expenses for 2012Plan for reduction of Expenses for 2012

Attempt to minimize Legal feesAttempt to minimize Legal fees

Plan for Community Xmas Light InstallPlan for Community Xmas Light Install

Informational letters available on new Facebook site:Informational letters available on new Facebook site:

Hickory Creek HOAHickory Creek HOA.(ask to be a friend).(ask to be a friend)

Email Delivery of Newsletters and NoticesEmail Delivery of Newsletters and Notices

Attempt to reduce utility consumptionAttempt to reduce utility consumption


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3.3. Subdivision IssuesSubdivision Issues Delinquent 2011 Dues from 2 Homeowners.Delinquent 2011 Dues from 2 Homeowners.

2 Homeownes are delinquent:2 Homeownes are delinquent: One is paying monthly over a 12 month period including all legalOne is paying monthly over a 12 month period including all legal fees andfees and

late fees.late fees. One is being pursued legally by the HOA attorneys. Will eitherOne is being pursued legally by the HOA attorneys. Will either be abe a

forced foreclosure on their home or a possible wage garnishment.forced foreclosure on their home or a possible wage garnishment.

ForeclosuresForeclosurescurrently no known known foreclosure.currently no known known foreclosure.

Upkeep on all homesUpkeep on all homes

Temp. Pools: will be allowed like last year as long as a TownshTemp. Pools: will be allowed like last year as long as a Township approved permit isip approved permit issubmitted to the HOA Board for approval prior to pool erection.submitted to the HOA Board for approval prior to pool erection. Pools in violation ofPools in violation of

this will be assessed a $5/day fine until corrected.this will be assessed a $5/day fine until corrected.

New entrance signs completed last year!New entrance signs completed last year!


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4.4. Review of Upcoming EventsReview of Upcoming Events Subdivision Garage Sale to be scheduled for May 18Subdivision Garage Sale to be scheduled for May 18thth--2020thth,,

2012. This will be advertised in the local paper, craig2012. This will be advertised in the local paper, craigs lists list

and our notice board will be placed at the front entrance.and our notice board will be placed at the front entrance.

HOA continuously contacting Macomb County RoadHOA continuously contacting Macomb County RoadCommission (MCRC) for possible concrete slab repair atCommission (MCRC) for possible concrete slab repair at

front entrance.front entrance.

Any volunteers to coordinate a Sub GetAny volunteers to coordinate a Sub Get--Together?Together?

Main Subdivision communication to occur via mailedMain Subdivision communication to occur via mailednotices and Facebook page.notices and Facebook page.


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5.5. Election for Open Seats on BoardElection for Open Seats on Board Open Seats for Election:Open Seats for Election:

Pino MancinaPino Mancina

Ralf HieblRalf Hiebl

Mark TabacchiniMark Tabacchini

Nominations for SeatsNominations for Seats

VotingVoting

ResultsResults


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6.6. Raised Comments from residents?Raised Comments from residents?


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7.7. Question/Answer PeriodQuestion/Answer Period HCHOA on Facebook:HCHOA on Facebook: Hickory Creek HOAHickory Creek HOA(ask to(ask to

be a friendbe a friendto gain access to sub documents, newsletters,to gain access to sub documents, newsletters,

info, etc)info, etc)

HCHOA Email Address:HCHOA Email Address:[email protected]@hotmail.com


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8.8. CloseClose

Thank you for attending!Thank you for attending!

hickory creek subdivision hoa 2012 mtg presentation

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