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!

Governors Village POA

2

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

Governors Village POA

3

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

Governors Village POA

4

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

Governors Village POA

5

Talis Management – Team Members

� Alina Cochran-Community Manager

� Danielle Flippo-Community Service Administrator

� Linda Fisher-Accounts Receivables Manager

Governors Village POA

6

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

Governors Village POA

7

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.

Governors Village POA

8

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

Governors Village POA

9

Bill Hlavac Lake Seat

Governors Village POA

10

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?

Governors Village POA

11

Governors Village POA

12

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

Governors Village POA

13

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

Governors Village POA

14

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

Governors Village POA

15

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.

Governors Village POA

16

• 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

Governors Village POA

17

Budget Principles for 2017

18

By John Eberhard Treasurer

Governors Village POA

19

INCOME STATEMENT SUMMARY

END OF 2015

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

Governors Village POA

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

Governors Village POA

20

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

Governors Village POA

21

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

Governors Village POA

22

2017 BUDGET ASSESSMENT INCOME BY NEIGHBORHOOD

Governors Village POA

23

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

Governors Village POA

24

Governors Village POA

25

2017 BUDGET EXPENSES

Utilities

12%

Grounds

49%

Committees

1%

Recreation

9%

General

Administr.

12%

Reserves

15%

Insurance

1%

Conting.

1%

By Daniel Guy

Governors Village POA

26

Our Hosts at Mt. Carmel Baptist Church

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

Governors Village POA

27

Architectural Review Board

Debbi Nichols, Chair

Ken Brady

Frank Ferreira

Daniel Kuntzman

Ronald Risch

Jack Sahadi

Ted Smith

Rosemary McGee

Wes Weaver, ARB Liaison

Governors Village POA

28

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

Governors Village POA

29

We

Appreciate Your Support

and Your Efforts

Governors Village POA

30

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

Governors Village POA

31

This presentation posted on GV websites

www.talismgmt.com and on

www.governorsvillage.org

For Governors Village Yahoo list-serve Email to: Governors_Park-subscribe@yahoogroups.com

Include your name, address and phone #

Governors Village POA

32

Questions

and

Answers

Governors Village POA

33

Thank You

For Attending Your 2016

Annual Meeting

Governors Village POA

34