2016 annual property owners’ meeting november 1, 2016 · balance sheet 9/30/2016 cash assets...

2016 Annual Property Owners’ Meeting

November 1, 2016

Six Neighborhoods – One Community

Presiding: Daniel Guy/Cliff Simpson

Governors Village POA

Special Welcome to our New Neighbors

(please stand!)

42 Purchases of Existing Homes Including 19 new homeowners in the Townes

WELCOME ALL NEW NEIGHBORS!


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Call to Order (Quorum = 10% = 51 Lots) Welcome & Introductions – Daniel Guy/Cliff Simpson Election of Directors – John Eberhard Board Updates – Wes Weaver Financial Report – John Eberhard Volunteer Recognition – Daniel Guy Questions and Answers – Daniel Guy/Cliff Simpson and Board members Adjournment – 8:45 PM Please

Questions? Please fill out a card from registration table


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2016 Governors Village POA Board Members � Daniel Guy-Co-President, Park Director & Communications Liaison

� Cliff Simpson-Co-President, At-Large Director & Social Liaison

� Ted Smith-Vice-President, At-Large Director & Grounds Liaison

� John Eberhard-Treasurer, At-Large Director& Recreation Liaison

� Wes Weaver-Secretary, Village Director & ARB Liaison

� Bill Hlavac-Lake Director & Safety Liaison

� Kalyan Ghosh-Forest Director

� Adele McLean-Townes of Governors Village Director

� LaVerne Blankenship-Manager, Camden Governors Village


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2016 Townes Board of Directors

� Peter DeStaebler-President & Townes Grounds Committee

� Bob Arutt-Vice-President

� Adele McLean-Treasurer & Liaison to the Governors Village Board

� Chris McIver-Secretary

� Pat Brooks-Co-Secretary


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Talis Management – Team Members

� Alina Cochran-Community Manager

� Danielle Flippo-Community Service Administrator

� Linda Fisher-Accounts Receivables Manager


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Treat all individuals with respect

Protect home values

Provide opportunities for residents to connect

In many dimensions, be the best place to live in the area


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The GV POA, through the oversight and authority of its Board, is responsible for:

Beautifying common areas; Providing community activities and amenities; Design and enforcement of protective covenants; And as a result of these activities -

Protecting Property Values.


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Daniel Guy-Park Seat Bill Hlavac-Lake Seat Cliff Simpson-At-Large Seat

Nomination Process – Two Ways � By Board of Directors from Applicants � By 10% Petition (none this year)

Directors chosen by the Board to fill a vacancy must stand for election at the next Annual Meeting


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Bill Hlavac Lake Seat


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Daniel Guy Park Seat

Unopposed Candidates

Cliff Simpson At-Large Seat

Unopposed - By Acclamation Daniel Guy-Park Seat Bill Hlavac-Lake Seat Cliff Simpson-At-Large Seat

• May We Have a Motion Please?


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IMPROVEMENTS

Grounds - Neighborhood Enhancements Forest: Entrance Lighting, Median Landscaping & New Plantings

Lake: Lakeside Plantings

Park: Tree Replacements & Sod Installation on Eroded Hillside

Village: Fountain Park Landscaping Installation

Townes: Common Area along Christopher


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IMPROVEMENTS

• Lighting Around the Lake Upgrade

• Outdoor Fitness Station Area Along Lake Path

• Governors Park Entrances Rejuvenation (Starting Nov.)

• Bartlett Tree contracted to address soil care and fertilization, pest management, tree and shrub work


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COMMERCIAL • The Commons Buildings 1&3 – Occupancy Rate: 100%

• Businesses include: Governors Pharmacy, inBusiness CoWorking, Allstate, Domicile Realty, Bold Construction, Casa Club, Blue Bamboo

• The Commons Building 2 – Occupancy Rate: 44% • Businesses and completion dates: Willow Oak (completed Oct. ‘16), Chatham

ABC (Nov. ‘16), Sherwood Family Chiropractic (Dec. ‘16), Last Retail (Q1 ‘17) and Second floor office (Q1 2017).

• Governors Shopping Center – Occupancy Rate: 97% • Businesses include: Food Lion, Papa Johns, Subway, Perfect Image, Nail Tek

and Chatham ABC (moving to The Commons)

• Governors Village Retail – Occupancy Rate 100% • Businesses include: Bean & Barrel, Bravo Dance Academy, Adkins Family

Dentistry, Village Vet, China Chef & Tarantini


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LOOKING FORWARD

• Sidewalk Repairs

• Conduct a due diligence fact finding on the organic lawn treatment issues by the ad-hoc Green Committee – members: Kalyan Ghosh, Daniel Guy & Cliff Simpson; and present its findings and recommendation to the Board.


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• 2% increase in assessments from $1,020 to $1,040/year • Continue to fund Capital Reserves at Reserve Study

recommended levels • Continued commitment to Neighborhood Enhancement

Program • Maintain and improve natural and physical assets of the

community


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Budget Principles for 2017

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By John Eberhard Treasurer


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INCOME STATEMENT SUMMARY

END OF 2015

2015 income = $551,995 2015 expenses = $568,373 2015 deficit = $16,378


BALANCE SHEET 9/30/2016

Cash Assets Operating (Checking) $ 28,551 Enhancement Fund $ 34,678 Reserve Money MKT $ 176,241 Reserve CDs $ 376,055 Paint Fund $ 5,470

$ 620,995 Other Assets

Prepaid Expenses $ 690 A/R Reserves from Operating $ 10,025 Accounts Receivable (Assessments) $ 14,432

$ 25,147

Total Assets $646,142


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BALANCE SHEET 9/30/2016 (CONT.)

Liabilities

Prepaid Assessments $ 8,833 A/P Accrued Expenses $ 4,732 A/P Operating to Reserves $ 10,025

Total Liabilities $ 23,590


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2017 BUDGET OVERVIEW

Income Assessments: $ 560,751

Residential $ 525,200 (Includes Townhomes Assessments)

Apartments $ 32,760 Commercial $ 791 Assessment Penalties $ 2,000

Other $ 3,800 Total All Income $ 564,551


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2017 BUDGET ASSESSMENT INCOME BY NEIGHBORHOOD


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2017 BUDGET OVERVIEW

Expenses

Utilities $ 67,452 Grounds Maintenance $ 275,517 Committees & Programs $ 7,800 Recreation $ 51,112 General Administration $ 67,519 Reserves $ 83,892 Insurance $ 7,500 Contingency $ 3,759

Total All Expenses $564,551


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2017 BUDGET EXPENSES

Utilities

12%

Grounds

49%

Committees

1%

Recreation

9%

General

Administr.

12%

Reserves

15%

Insurance

1%

Conting.

1%

By Daniel Guy


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Our Hosts at Mt. Carmel Baptist Church

Slides and Photos The Communications Committee Especially – �Ted Smith �Susie Moffat


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Architectural Review Board

Debbi Nichols, Chair

Ken Brady

Frank Ferreira

Daniel Kuntzman

Ronald Risch

Jack Sahadi

Ted Smith

Rosemary McGee

Wes Weaver, ARB Liaison


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Social – Shannon Novak Grounds –

Steve Simon & Rosemary McGee, Forest Amy Gamber, Lake Jo Watta, Park Jennifer Leonard, Village Peter DeStaebler, Townes

Communications – Susie Moffat Photography – Ted Smith New Neighbor Welcome – Terry Landers

Recreation – Trent Leonard


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We

Appreciate Your Support

and Your Efforts


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ARB Deadlines

Meeting is 2nd Tuesday of each month – Deadline is 5 PM of Wednesday before meeting – Get info from and send applications to Talis Management

Board Meetings

Held 3rd Thursday of odd # months – 6:30 PM Contact Talis to confirm time and place


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This presentation posted on GV websites

www.talismgmt.com and on

www.governorsvillage.org

For Governors Village Yahoo list-serve Email to: [email protected]

Include your name, address and phone #


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http://www.talismgmt.com/

http://www.governorsvillage.org/

mailto:[email protected]

Questions

and

Answers


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Thank You

For Attending Your 2016

Annual Meeting


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2016 annual property owners’ meeting november 1, 2016 · balance sheet 9/30/2016 cash assets...

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