Hello Home and Lot owners,

The Directors feel we should share our progress with you on potential changes to our HOA covenants. We have selected a lawyer who is an HOA specialist to assist us in formulating our potential covenants into proper language. Our plan is to have the covenants ready for you to vote on in our annual meeting in January. As expected, there were certain issues that were soundly rejected by a majority of the participants, other issues that were evenly divided and others that received strong endorsements. Those issues that were soundly rejected are as follows:

1. Would you prefer to pay assessments on a quarterly basis in lieu of semi-annually?

2. Would you prefer that a builder deposit 10% of the home selling price with our Management Company? This deposit would be used to cover damages to the common areas or neighboring properties and refundable upon completion of the home.

3. Would you prefer that a homeowner deposit 10% of the estimated project cost with our Management Company for projects exceeding $5,000. Projects would be the construction of a swimming pool, separate garage, adding on to the existing house structure, and storage sheds? This deposit would be used to cover damages to the common areas or neighboring properties and refundable upon completion of the project.

As a next step, the Board will send the proposed covenants listed below to our attorney for review to help better determine their viability as possible changes and to help create the proper language for their consideration. In addition, the attorney will help us determine which points would be considered changes to the covenants (requiring 75% approval) or by-laws (requiring 50% approval).

 

The goal is to have the attorney’s input by late September and then revisit these at our October Board meeting. Once we have the date, we encourage all of you to attend this meeting, so you can continue to provide input into the process. The ultimate goal is to present these as possible changes at the next annual meeting in late January.

 

We want to make this process as transparent as possible and inclusive as possible. We realize that some of you have strong opinions about changes to the covenants but we encourage you to be patient and allow for everyone’s input. These changes will impact all of you, so we appreciate any thoughtful and helpful input along the way.

 

 

 

Quarterly Director’s Meeting-August 5th

 

Our discussions centered around the following topics:

• Financials- We’ve identified that Drees and Sawyer Ranch Ltd have not been paying assessments to the HOA. We asked both parties to go back and pay their assessments beginning when our residents took over control of the HOA. They agreed to do that and because of this, we’ve collected an additional $8,000 this year. We’re behind transferring money to our Reserve Account by $4,000 but our Capital Projects are completed and any extra money we have for the remainder of the year will be going to the Reserve Account.

 

• Assessments-We have filed liens on four properties. These four properties account for $4,000 of the $5,000 that is owed the HOA in back payments.