Waterford Lakes
HOA Meeting Minutes 17 November 2016
Meeting was called to order.
Board members present were Maggie Jones, Don Ulrey, Caroline King and Jo
Grimes. Present from PSG Management were
Larry Edwards and Susan Keene.
Secretarial report: October meeting
minutes were approved as written.
Treasurer’s report for October activity:
Income $13,460.89
Expenses 15,001.82
Net Income (1,540.93)
YTD Profit/Loss 15,214.41
Checking Acct Bal 31,982.21
Roofing Reserve $179,789.32
·
Financial: Although we had a loss in
October, we are still ahead of budget.
We had unexpected expenses for tree removal and the fertilization which
was approved by the Board during the budget meeting.
·
Architectural: New
architectural guidelines will be ready for distribution in advance of our
January meeting. The Board thanked the
committee for all their hard work.
·
Social: Don’t forget to volunteer to go
caroling on 16 December. You may contact
either Geri Conway 317.506.9344 or Janell Miller 317.506.0758. We received a nice thank you note for our
business from Sandoval.
·
Old Business: There continues to be
conversation about geese control. The
difficulty arises as the geese get used to scare tactics and they have been
very clever about getting around our attempts to block their access to the
ponds.
·
New Business: Gutters will be cleaned again
once the leaves have fallen. There were
many questions about the roofing project.
The Board advised that the cost to roof each building will be
approximately $12,000 and we will roof eight buildings per year and three the
last year. The clubhouse will also be
re-roofed. Old shingles will be torn
off, substructure inspected and repaired, as necessary, and new 40-year
shingles installed. We expect to
complete the project in less than eight years. We expect an increase in the
cost to mow in 2017 but have not yet seen the contract. We have not signed a new contract for lawn
service and snow removal and we increased the budget by 15% to make sure it was
covered. After a good discussion of the
items in the proposed 2017 budget, it was accepted by a show of hands.
The meeting was adjourned. There
will not be a meeting in December. Our next meeting will be 19 January at 6:30 PM
Reminder:
Effective 1 Jan 2017, HOA fees will increase to $150.00 a month.
