Waterford Lakes Homeowners Association

Waterford Lakes HOA Minutes

Friday, February 21, 2020

Waterford Lakes Signs & Notices Bulletin


Waterford Lakes Homeowners Association Bulletin
Signs & Notices


With the recently approved amendments to our Declaration of Covenants (Article XIV, Section (h)), many questions have been raised by homeowners about posting various types of signs and notices in our community. The Board met with Property Services Group Thursday night to clarify our Guidelines regarding signs.  This was in response to a formal letter received from a homeowner requesting clarification and interpretation.  The Board with PSG’s assistance drafted the following guidelines based upon our Covenants & Restrictions.


1.     No Pruning Signs:       Shrubs in the front of our units are trimmed once each year by Sandavol Landscaping, usually in mid-June to mid-July. If you do not want your shrubs pruned for whatever reason, you may post a temporary sign in your front window or flower bed. These signs must be removed within 72 hours of project completion.

2.     For Sale Signs:                        You are allowed one (1) sign, no larger than 4 ft. square to advertise the sale of your property.  For Sale signs maybe placed in the front window not the flower bed. Information sheets advertising the property may be placed in a special box in the front flower bed.  No For Sale signs may be placed in the Common Areas or Entrances.  Approval is not required.

3.     Small Home Security, Invisible Fence, No Soliciting, Beware of Dog Signs: Small home security signs (less than 12 inch square) may be placed on the front door, front window or front flower bed.  Approval is not necessary.

4.     Temporary Signs (i.e. yard signs, garage sale signs):  Temporary signs displayed for the specific purpose of celebrating a birthday, anniversary, sports team, or other special occasion will be allowed for a maximum of 48 hours.  These signs may only be located on the owner’s lot and should not interfere with mowing crews.  Only one professionally manufactured sign (no larger than ten (10) feet) is allowed. These temporary signs must be removed promptly after the event.  Approval is not required.

5.     Political Signs:  Signs no larger than four (4) feet square promoting a party, candidate, or public question/referendum can only be displayed 30 days prior to the voting date.  These signs must be removed within 5 days following the voting date.  No more than one (1) sign per candidate, political party, and/or public referendum may be displayed in the front flower bed or inside window. Approval is not required.

6.     Identification Signs (i.e. name and address plaques):  Homeowners are allowed a maximum of two identification signs.  These cannot be affixed to the exterior of the unit.  They maybe placed in the front flower bed.  Approval is not required.

7.     Commercial Contractor Signs:  Contractor signs can be erected during the duration of the work and removed within 48 hours of the completion of the project.  Approval is not necessary as long as in keeping with the guidelines.

8.     Other Signs:    The Declaration of Covenants does not allow for other type signs. However, you may place a sign in your front window. The approved Architecture and Landscaping Guidelines state that no exterior signs may be placed on a lot without approval of the Architecture & Landscaping Committee. When submitting your temporary sign request include: type of sign, size, where it will be located, and the limited time period it will be erected.  The Covenants do not allow for permanent signs other than name and address identification signs and home security-type signage.

9.     Legal Notices: Temporary signs or notices required by legal proceedings may be posted on the door or window without prior approval of the Architecture & Landscaping Committee.

Approved by Board of Directors
8/15/2019

Winter Bulletin January 2020


Waterford Lakes Homeowner Association
Winter Bulletin January 2020
The Board has scheduled four HOA Business Meetings during the 2020 calendar year. Our next scheduled open Board Meeting is Thursday, March 19th @ 6:30pm.  It is our hope that the open Board meetings will be informative and provide a forum for resident comments and Q&A.  Special Executive Sessions of the Board will be necessary for planning throughout the year. You will receive more specifics on the social events as we get closer to those dates. Additional opportunities to get involved are through committee work.  Association committees include:
1.     Clubhouse Committee: responsible for rental reservations & keys; upkeep & maintenance; long term planning for remodeling & clubhouse usage; ongoing review of clubhouse rules & guidelines.
2.     Communication Committee: updating community directory; website planning; minutes/bulletins/packets & distribution; maintain Association records; post signs
3.     Architectural & Landscape Control Committee:  review/approve change forms submitted; ongoing review & updating of guidelines.
4.     Common Area Maintenance Committee:   annual infrastructure assessment; communicate/coordinate services with property manager and contractors; provide labor for upkeep of entrances, shade garden & around clubhouse grounds; entrance & exterior lights; mailboxes/posts; geese control.
5.     Legal Committee:  ongoing review & updating of governing documents; covenant enforcement; conduct elections; election procedures; keep updated on Indiana HOA Law; liaison with attorney; Amendments to Covenants.
6.     Financial Committee: do preliminaries for annual budget; RFP process for service contracts; reserve fund planning short & long term; review & recommendations for large expenditures
7.     Social Committee: planning, preparation; decorations; cleanup; publicity; RSVP’s/phone calls.
Contact Anne Inman @ 317-504-9268 if you have interest in participating on a committee. We have two (2) Board positions up for election this April.  These are each 3-year terms.  If you are interested in nominating yourself or another resident to the Board, you must contact Property Services Group by Friday, March 13th. We recommend providing a brief statement of your interest and why you would be a good candidate.  You will have an opportunity to meet the candidates at the March 19th HOA Meeting.  Elections will be held April 16th at the Annual Meeting. Contact Anne Inman @ 317-504-9268 if you would like more specifics about the time commitment and duties of Board members.
2019 Year-end Financials:                     CHECKING:              $8,210.68
                                                                        RESERVES:              $102,379.73           Roofing Reserve/Money Market
                                                                                                            $ 52,734.87            Reserve Fund/Money Market
$ 50.27                     Savings
                                                                                                            $155,164.87           Total Reserves
                                                                        2019 Year-end Profit/Loss:                    -$2465.66*
                                                                        *Unexpected building maintenance & fence repairs
We have posted the Rental Ban Amendment, Revised Architecture & Landscaping Guidelines, and Clubhouse Rules & Regulations on our website: www.psgcondos.com.  An updated Community Phone Directory will be put out this Spring/Summer.  Below is our calendar of meetings, social events and activities scheduled for 2020.
HOA Meetings:
Thursday, March 19th @ 6:30pm                          Meet Board Candidates
Thursday, April 16th @ 6:30pm                              Annual Meeting & Election
Thursday, July 16th @ 6:30pm                               Guest Speaker
Thursday, November 19th @ 6:30pm                  Annual Budget Meeting
Social Events:
Saturday, March 7th                                 Soup Bar
Saturday, May 2nd                                    Taco Bar
Saturday, July 25th                                    Omelets
Saturday, November 7th                         Coney Bar
Saturday, December 5th                         Holiday Open House
Game Day:              3rd Wednesday of the Month
Wednesday, January 15th @ 1pm
Wednesday, February 19th @ 1pm
Wednesday, March 18th @ 1pm
Wednesday, April 15th @ 1pm
Wednesday, May 20th @ 1pm
Wednesday, June 17th @ 1pm
Wednesday, July 15th @ 1pm
Wednesday, August 19th @ 1pm
Wednesday, September 16th @ 1pm
Wednesday, October 21st @ 1pm
Wednesday, November 18th @ 1pm
Wednesday, December 16th @ 1pm
Respectfully submitted by Anne Inman, Board Secretary