Waterford Lakes
HOA Meeting Minutes 16 February 2017
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: January meeting
minutes were approved as written.
Treasurer’s
report for January
Income $15,961.97
Expenses 3,151.37
Monthly Profit Loss 12,810.60
YTD Profit/Loss 12,810.60
Checking Acct Bal 36,718.72
Roofing Reserve $192,174.19
·
Financial: We are starting the year in a
strong financial position and put an additional $6K in the Roofing Reserve.
·
Architectural: Reminder that any changes to
the front doors must be approved by the Board. Please refer to the new
Guidelines.
·
Social: The pancake breakfast was a
success and we thank everyone who came and all those who helped prepare and
clean up. We will have a garage sale
later this year and will provide more details when available. Jean Phillips is now living at Sugar Grove.
·
Old Business: There was nothing to address.
·
New Business: The insurance premium on our
master policy will increase 1% this year. The pond treatment, fountain
maintenance and storage, and fertilization.
We anticipate that all costs for these services will be within budget. PSG is preparing a roofing schedule which
they hope to mail with the annual meeting notice. We’ve have several residents express concern
about the wind blowing leaves and we encourage residents to rake their yards to
help keep them under control. We do a
late Fall mowing to mulch them but that sometimes occurs too early in the
season to be sufficient.
On 1 April and 7 October, Avon will do heavy trash disposal and
shredding from 9:00AM to 1:00PM, at Avon’s salt barn behind Ashley
Furniture.
In April, we will be electing three
homeowners to serve on the Board. If you are interested, please contact PSG to
have your name placed on the ballot. We would like to send out the ballots, annual meeting notice and
proxies in one mailing.
·
The meeting was
adjourned. . Our next meeting will be 16
March at 6:30 PM.
