MEETING MINUTES MARCH 2019
VILLAGE TOWN HOMES HOMEOWNERS ASSOCIATION
BOARD MEETING NOTES
Tuesday, March 12th, 2019
Website: www.villiagetowns.org
**Letter regarding homeowner's inusurance requirements now posted on this website under HOA forms.
Attending: Aaron Lopez, Ron Steed, Shelley Williams, Jim Nebeker & Paul Beard
Absent: Lyle Page & Jordan Lee
BUSINESS:
Review/approval of minutes from the prior meeting. Minutes from previous meeting were approved.
Review of financial statements/cash flows. Financial statements reviewed. Board voted to move reserve cash to different financial institution to accrue higher interest rate.
Accounts receivable discussion: Accounts Receivable were reviewed. Resident that was delinquent over $500 was able to pay and fees and went on autopay.
Conduct a survey to see if the community is interested in putting a 10% cap on rentals with the stipulation to grandfather in existing rental units.
Reserve Study indicated HOA needed to have a reserve of approximately for $600K major expenses (roof, asphalt and decks). HOA currently has $200K in reserve. A suggestion was made to raise HOA fees to help supplement reserves.
Newsletter will be moving to website soon.
Put letter about insurance requirements on website.
Landscaping:
Board reviewed bids from landscaping companies. Decision was made and more information to come.
Painting:
No concerns at this time.
Decks:
No concerns at this time.
Roofs and Siding:
Please see business item #5 above..
Architecture:
Three areas of concrete replacement scheduled for work
Walks and Streets:
None at this time.
Next meeting:
Tuesday, April 9th, 2019 at 6:00pm. Location: Kneaders.
