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Parker Ranch Homeowners Meeting Welcome September 14, 2008

Parker Ranch Homeowners Meeting Welcome September 14, 2008. Agenda - Introduction - 2007-08 Board Goals and Accomplishments - End of Summer Picnic - Financial Report - 2008 Election for Board of Directors - Q & A - Open Forum

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Parker Ranch Homeowners Meeting Welcome September 14, 2008

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  1. Parker Ranch Homeowners Meeting Welcome September 14, 2008

  2. Agenda - Introduction - 2007-08 Board Goals and Accomplishments - End of Summer Picnic - Financial Report - 2008 Election for Board of Directors - Q & A - Open Forum - Vote Counting (Optional to stay)

  3. Introduction Board Of Directors: Pam East – President Shawn Mawla – Vice President Hank Lawson – Secretary Ajit Goel – Treasurer Drew Perkins – Member at Large Architectural Control Committee: Ken Sternberg – Chairperson Members: Missy Coy and Gloria Janac CC&R Committee: Shawn Mawla – Chairperson Members: Pam East, Ajit Goel, John Greenleaf and John Heindel Nominating Committee: Shawn Mawla – Chairperson Members: Carol Greenleaf and Leslie Hay Picnic Committee: Shawn Mawla – Chairperson Members: Missy Coy and Judy Hart

  4. 2007-2008 Board Goals & Accomplishments: - Organize files and update financial records of PRHOA. - Maintenance of PR (remove debris, retaining wall painting). - Maintenance & Security of the Open Space. - Apply CCR's to all homeowners fairly and evenly. - Improve communication with our members, develop a website. - Update the CCR's to be in compliance with Davis-Stirling Act.

  5. The Davis Stirling Act: Initiated by Gray Davis and Larry Stirling The Davis-Stirling Common Interest Development Act is the common name of the California Civil Codes 1350 - 1376 which govern Associations and other common interest developments in California. This act supercedes the CC&Rs, the Bylaws, the Articles of Incorporation, Rules and Regulations, and any other actions taken by the Board State Law overrides CC&Rs, which are specific to each property. Likewise both State Law and CC&Rs override rules that an Association has enacted. That is why it is so important to update our CC&Rs and the Bylawsto bring them into compliance with the state laws.

  6. CC&R and Bylaws Proposal: The board is reviewing a proposal from Dave Van Atta (CC&R Attorney) to prepare amendments to the existing CC&R and bylaws which will update the CC&R and bylaws for the legal requirement under the Davis Stirling Common Interest Development Act and other matters that need to be revised to comply with current laws. The goal is to use the existing documents as the base documents and prepare amendments which will address these legal issues that need updating. We do not want an entirely new document that depart extensively from the framework of our existing documents. Proposed fees would not exceed $3,500.

  7. At 12:00 PM on Sunday, September 21st. At Drew and Ellen Perkins -12329 Vista Arroyo Ct. GREEK Menu Mediterranean theme It will be a lot of Fun

  8. Parker Ranch HOA Meeting Treasurer’s Report September 14, 2008

  9. Parker Ranch HOA Financial Review September ‘08 • Outline • 1. Income and Expense, Profit and Loss (2002-2007) • 2. Year End Cash Balance (2002-2007) • Annual Dues History (2000 – 2008) • Income and Expense (2007-2008) & Proposed Budget (2009) • Expenses as % of Yearly Income (2007-2009) • Summary

  10. Parker Ranch Homeowners Meeting September 2008

  11. Parker Ranch Homeowners Meeting September 2008 $

  12. Parker Ranch HOA Financial Review September 2008 $ Increased 16.6% over last 8 years Average: 2.1% annual increase

  13. Parker Ranch HOA Financial Review September 2008

  14. Parker Ranch HOA Financial Review September ‘08 Other expenses include postage, bank fee, property taxes and misc charges

  15. Parker Ranch HOA Financial Review September ‘08 Summary • Gradual erosion in cash position – borrowing from savings every year • Deficit in 2009 projected to be $7.5K • Monthly security expenses increased by 30% starting August 08 • Cleaning of dry brush and fallen trees etc in open spaces requires attention and expense • Dues for 2009 to increase by 5% to $386

  16. Election of Directors: • There are two (2) vacancies on the Board of Directors at this time and each Homeowner gets two (2) votes. As specified in the Parker Ranch CC&Rs, cumulative voting may be used in the election. You may allocate your two (2) votes among the candidates as you wish. • Ajit Goel • Shawn Mawla • (Name of Write-In Director 1) • 4. • (Name of Write-In Director 2) • I abstain from voting - You ca abstain on one or both of your votes • (Many Thanks to Pat Weber of The League of Women voters. Pat will count our Ballots for us).

  17. Parker Ranch Homeowners Meeting Q & A Open Form September 14, 2008

  18. Parker Ranch Homeowners Meeting Thank You Meeting Adjourn September 14, 2008

  19. Vote Count (Optional to stay)

  20. Back Up

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