Waterford Lakes Board
Meeting Minutes - July 20, 2017
Attendance: 19 Residents, Board of Directors, PSG
Call To Order: 6:40pm
June Minutes: Approved
Financials: Year-To-Date Income (Loss) $10,936.68
Checking
Account Balance $23,883.22
Roofing
Reserve Fund $128,554.95
Money
Market CD Reserve Fund Balance $51,282.53
4
buildings/8 units to date received new roofs (Crystal Court)
Committee Reports:
Social Committee: Last Saturday’s Block Party/Picnic was a great success. Over 55 residents participated. Thanks to everyone for the fabulous dishes
that were brought. Many people
contributed their time and resources to make it all come together. Special thanks to: John and Joy Shew for donating the tents and
putting them up and down; William Banks for saying a wonderful prayer and
message; Nancy Fitzgerald for handling the registration table; David Jones and
Dave Miller for grilling the hamburgers/hot dogs; and the Committee (Janell
Miller, Geri Conway, Sharon Simmons, Martha Bosma, Maggie Jones) for the many
hours of planning, publicity, organizing, shopping, cooking, setting up, and
cleaning up! Tom Klein, the Avon Town
Manager, attended to recognize our 20th Anniversary. He was very complimentary of the neighborhood
and impressed with the Shade Garden.
Photos of the event are now on the website.
The next event is Saturday, September 9th from 1pm to 3pm
called “Sundae Funday”. Ice cream and
toppings will be provided. More
information is to follow.
Telephone Directory Committee: The new 2017 Directory is now being distributed to your door. Special thanks to Peggy Burke, Geri Conway,
Martha Bosma and Dawn Lowden for their contributions. Please let Anne Inman
know if there are any corrections (317-504-9268). Thank you to our advertisers John Brewer
(Airport Executive Car Service) and Dawn Lowden, Realtor. Peggy Burke provided the computer expertise
putting together the database and directory layout. Our next project is to setup texting
HOA announcements to your phone.
Election Committee: We will be
having our first meeting on Tuesday, August 8th. If you would like to take part contact Anne
Inman at 317-504-9268. So far Don Bosma,
Don Ulrey and Janell Miller have volunteered. Architecture
and Landscape Committee: The
refreshment of the entrances is completed for this year other than ongoing
watering, fertilization and maintenance.
We are receiving lots of compliments from both in and outside of the
community. First impressions are very important. Just a reminder if you choose to take your
grate off the front storm door you need to send an Architectural Change Form into PSG for their files. It is the homeowner’s
responsibility to remove old Direct TV/Dish satellite dishes from the sides of
their home. We are finding many
residents with multiple satellite dishes. The Committee will be doing a
walk-through to assess short and long term landscape/architecture projects. Our community is aging which is resulting in
more expenses.
Old Business:
1.
The geese
problem was once again discussed. If you would like to do your own research
google Indiana DNR Nuisance Canada Geese Management (in.gov/dnr/fishwildlife/3002.htm
solutions). Harassment of the geese is
the most effective solution. Susan Keene,
Marilyn Banks and Anne Inman mentioned the effectiveness of using dogs to
harass geese. Anne will be contacting
two firms, Geese Wranglers and Geese Police, to research methods, cost, timing,
guarantees, effectiveness and references.
She will bring the information to the August meeting.
2.
The question of when to use the
reserve fund came up at the June Meeting. Here is some
information that should give you a better understanding of reserve funds. Indiana
Law (Section 32-25-4-4) The annual budget must include the
establishment and maintenance of reserves.
Indiana law does not require a Reserve Study. The reserve fund may not be used for usual
and ordinary expenses. Role
of HOA Reserve Funds The
reserves are for long range, large, infrequent and unexpected projects, commonly
called a rainy day fund. The Board’s job is to evaluate how much life
all the major capital systems have left and how much they will likely cost when
they wear out. Examples of reserve fund items include roofs, driveways, sidewalks,
and damage not covered by the insurance policy.
Reserves are not to be used for “pet projects”. The goal is to avoid special assessments which would not be popular and penalize current
homeowners for the lack of long range planning.
New Business: No new business.
Adjournment: 7:05pm
Submitted By,
Anne Inman
Print this post
Anne Inman
