Waterford Lakes Homeowners Association

Waterford Lakes HOA Minutes

Monday, October 28, 2013

October 2013 Board Minutes

Meeting called to order at 7 pm and Pledge of Allegiance was recited by all.
Board: Maggie Jones, , Susan Jamerson, Cathy Winterrowd, Mike Barr and Don Ulrey were present.  PSG Management: Larry Edwards and Susan Keene were present.
September Minutes were approved.  Don Ulrey, treasurer’s report:
September income:……..$13,314.24                Expenses:………… $11,966.42 
Checking account balance…..$11,019.96         Net Worth……..$142,503.42
Reserve Fund:…….. $137,085.46                                 
Architectural Report: none.
Social Committee Report: Christmas Party will be Saturday, December 14th, 2pm. – 4 pm.  .
Landscaping:   Landscape bricks around common areas are complete for this year. A few remain for next spring.   Memorial Bricks for Shade Garden are still available for $50.00.      
New Business/Old Business:   Questions concerning the budget were raised and answered. ie: Monies for mailboxes is to replace posts not mailboxes.  Monies for painting ($5000.00 more) is due to more buildings being painted next year. Monies for concrete is to repair driveways that are becoming a safety hazard.  The increased HOA fees were due to needed repairs and services and not necessarily to be added in reserve funds. Fertilizing to be done this month. (completed at time of this letter).  Seeding and aeration to be done on only front and side yards. (completed at time of this letter).  One edging of lawns was deleted to save on expenses. Weed spraying on driveways and flower beds are done by PSG on a as needed basis.  We are now scheduling $400.00 a month to go into the reserve fund. Clubhouse rental fees are reported on the financial report as income and is not a budget item. Exterior maintenance, gutter cleaning, will be completed with painting schedule. Gutter replacement would be done with roof replacement. Electrical bill for clubhouse is high due to being all electric, no gas heat. Voting for budget was approved. Bid obtained from Sandoval for individual mowing of yards was $70.00. This was rejected by the board. PSG will discuss with Sandoval the placing of snow piles in cul-de-sac center rather than front yards where possible. Tree removal and planting and bushes along boundary will be done after second hard freeze.  No aeration next year.  Citizens Energy Group, Utility Shield protection for water, sewer, gas, and electric line coverage call 1-888-544-4541 for customer service.          

 Motion made to adjourn.                     
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