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McGuffey Park Homeowners Association Meeting October 14, 2018 4:00pm

McGuffey Park Homeowners Association Meeting October 14, 2018 4:00pm. Your Board of Directors. Matt Boatright Chris Perry Benjamin Mowris. MPHOA Financial Review- 2018 Budget to Actual. 2018 Capital Improvements. Pool pump & filter replacement: $980 Toilets in Pool House: $600

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McGuffey Park Homeowners Association Meeting October 14, 2018 4:00pm

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  1. McGuffey Park Homeowners Association MeetingOctober 14, 2018 4:00pm

  2. Your Board of Directors • Matt Boatright • Chris Perry • Benjamin Mowris

  3. MPHOA Financial Review- 2018 Budget to Actual

  4. 2018 Capital Improvements • Pool pump & filter replacement: $980 • Toilets in Pool House: $600 • Pool Access Card System Motherboard: $525 • Security System Upgrade: $3,290 • Pool Lounge Chairs: $400

  5. 9/30/18 Cash Flow Analysis

  6. McGuffey Park Long Term Debt • Purpose was walking trail completed in 2016 • Original Loan Amount- $62,000 • Interest Rate 4.25% • Annual Payments Due in May • Final Payment of ~$10,850 will be made in the Spring of 2019.

  7. 2019 Budget • The Operating Expense Budget is expected to remain consistent with the 2018 and prior years at approximately $30,000 • There is no currently planned Capital Improvements in 2019. Budget of $3,000 for unexpected items • The Revenue Budget will be dependent on the amount of annual dues determined for 2019.

  8. Annual Dues and Amenities in Other Surrounding Neighborhoods

  9. McGuffey Park Pool • The McGuffey Park Pool is 20+ years old and is coming up on the end of its life • We have continued to invest to repair various issues in the pool which primarily related to pool floor • Timing? 1-5 years? • The current estimate to renovate/rebuild the pool • Collect over time or special assessment at once?

  10. Potential Long-Term Loan Options

  11. Upcoming Events • Halloween Shindig • Sunday October 28th @ 5-9pm • Walking Trail Trick or Treat • Costume Contests? • Movie at Dusk? • Other ideas? • Spring Annual HOAMeeting- • Saturday March 2nd @ 2-3pm

  12. Open MPHOA Positions • Volunteers for Committee’s: • Welcome Committee • Covenant Committee • Party Committee • Pool Maintenance Position • Adult paid position • Duties include cleaning bathrooms and pool area every evening along with various other items • If interested talk to a Board Member

  13. MPHOA Covenants & Common Complaints • Cars are not to be parked in yards or in the street overnight • Boats, trailers & trucks (larger than 1 ton), campers and RV’s are not to be parked in the driveway • Trash containers should be out of view from the street • Lawns are to be appropriately maintained, mowed and trimmed. No trash is to be left in the yard. • Usage of Common Area: No motorized vehicles are allowed in this area including four-wheelers and dirt bikes. • All outdoor building and fences must be approved by the HOA directors

  14. Potential Vote on 2019 HOA Dues • Quorum Present at Meeting?

  15. Thank You For Coming!Please stay informed: Visit our website- www.mcguffeypark.orgSignup for email communication- mcguffeypark@gmail.com Like us on Facebook

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