The Courtside at Arapahoe Lake Condominium Association

Annual Owners Meeting

Date: Tuesday, November 15, 2016 @ 5 PM

Location: 5150 Offices

Agenda1. Call to Order

2. Establish Quorum

3. Proof of Notice

4. Board of Directors

5. Officer Reports

6. 2017 Budget

7. New Business

8. Election of 2 Directors

9. Executive Session

10.Adjournment

Board of DirectorsMeet the Team

President’s ReportCourtside At Arapahoe Lake Condominium Home Owners Association The Courtside At Arapahoe Lake Condominium Association Board is an elected body of volunteers whose purpose is to build a strong community by managing assets, ensuring compliance with covenants and by-laws, and preserving property values of owners.

Association Mission Statement: To become the most desirable residential community in the Denver Tech Center where residents enjoy safe, attractive, housing in a harmonious community that is financially secure, and socially rewarding.

President’s Report, Cont. 5150 Property Management

Susan Horton, CMCA, AMS 5150 Community Ambassador

Rich Haas Project Manager

President’s Report, Cont. Strategic Planning

The board worked to analyze improvement expenses, projected costs, and scope of work for the purposes of taking a loan.

This took over a year to scope the work, analyze needs, dig deep into the financials, and develop a plan that was financially responsible and addressed the needs of the community.

- Special Kudos to Bill, Ted (Former Residents), David, Bob, Steve, Jon, Susan, Jill, and Rich!

President’s Report, Cont. 2016 – The year of Projects!

Construction Project – Pond

Construction Project – Pool

Construction Project - Sport court refinished

Construction Project - Parking lots re-graded & paved

Dryer vent cleaning/chimney sweeping

President’s Report, Cont. Before - Pond

President’s Report, Cont.After - Pond

Kudos - David!

President’s Report, Cont. Before - Pool

President’s Report, Cont. Pool – Construction Pictures

President’s Report, Cont. Pool – Finished!

President’s Report, Cont. Pool – Sept 11th Party!

President’s Report, Cont.Parking Lots

Reconfigured to create more parking spaces.• Spaces, went from 50 to 78 – 17 total on the south

(Bldg 8 & 9), and 76 to north

President’s Report, Cont.Parking Lots

Reconfigured parking lots to create more parking spaces and improved trash/recycle vehicle flow (this will help maintain our pavement longer).

Moved fire hydrants to create more spaces.

Moved dumpsters closer to the middle of the complex - this will reduce pavement wear and tear.

The board developed a long range parking plan to create new parking spaces – Kudos Steve, David, Alicia, Bob, Jon, and Jill!

President’s Report, Cont.Before Pictures

President’s Report, Cont.Parking lot

The HOA faced challenging zoning requirements.- Thank you Rich for your calm, organized, and persistent approach!

More parking spaces will be added. Each unit will have a designated parking space.

President’s Report Cont.Parking lot

President’s Report, Cont. Sport Court Kudos - David!

President’s Report, Cont. Security

Please be vigilant when enjoying our amenities to adhere to the rules. This includes not using the amenities during the posted quiet hours. This will ensure the safety and enjoyment of all residences.

If you observe an unsafe or malicious act in our community, please do/say something.

We have contracted with a security company 24/7 who can be called to investigate.

Please don't be afraid to call Front Range Patrol (303-429-5061) and report a concern

President’s Report, Cont. Smaller projects

Tree trimming throughout property

Organized dryer vent cleaning for all the units– Kudos Jill & Susan!

Crawl space issue resolution for units 10335A & 10337A

Ordered pool chairs for the pool- Kudos to Steve, Rich, and Susan!

President’s Report, Cont. Committees

Homeowner committees to foster community involvement Think Savings (HOA savings ideas), Chair Jon Community involvement, Chair Jill Marketing – Newsletter, Chair Bob

Dryer vent and chimney cleaning project – Kudos Jill!

The board implemented newsletter to provide transparency and communication around the work being done with the loan, projects, scope of work, and timelines – Kudos Bob!

President’s Report, Cont. Committees Think Savings

Transitioning the HOA website to 5150 reduces expenses to the homeowners

Increased functionality: email blasts & online payments

Saves the HOA between $1,000 - $2,000 a year

We moved the HOA meeting time to 5:00pm, saving us 10% on our management fee!

Still can’t figure out why one building is using 2-3x more water than the others #Nevergiveup - Jon!

President’s Report, Cont. Status of the Insurance Claim

We were under compensated for the damage caused by the storm

The board is working with C3 Group, Licensed Public Adjusters, who are helping us to do document the damage done by the hail storm and counter the initial offering by our insurance carrier Lloyds of London

We have been reimbursing homeowners for damage to AC units, windows, and skylights caused by the hail with our initial insurance settlement money

Property Values

Sales 2014 & 2015

Sales 2016

Home SalesAddress Unit Type Listed Price Sold Price Date

6465 S Havana St A $149,250 5/21/2014

6439 S Havana St B $155,000 7/9/2014

6477 S Havana St B $164,000 12/22/2014

6475 S Havana St B $139,500 5/8/2015

6495 S Havana St A $176,000 11/3/2015

6443 S Havana St B $225,000 $215,000 5/18/2016

6475 S Havana St A $204,900 $225,500 6/2/2016

6453 S Havana St B $215,000 $215,000 8/2/2016

6469 S Havana St A $255,000 $255,000 8/19/2016

10343 E Peakview Ave A $195,000 $210,000 8/29/2016

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Property Values, Cont.

President’s Report, Cont. Taking Care of Our Community

We all have a vested interest in the care and upkeep of these amenities.

We have had to repair damage to the pool gate due to vandalism.

Damage such as this not only creates an inconvenience to others that want to enter the pool, but costs money to repair. These repairs are unexpected expenses that come from our monthly dues. If we don't prevent these issues, we will all be paying more in monthly fees.

Another issue we are experiencing is children under the age of 14 are using the pool without adult supervision within the fenced area.

The concern is that if a child needs assistance immediately, there is no one there to offer assistance.

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President’s Report, Cont.

In 2017, we will focus on maintaining the improved image of the community.

• This means a more active focus on covenant control and issuing fines.

• Owners, Please share with your renters the Rules & Regulations as they will be enforced.

• Issues in 2016 were: dog waste/noise, gas grills, black frame window replacements, garage doors, oversize trash dumping (furniture)

Taking Care of Our Community

Treasurer ReportFinance

HOA is in good financial condition and the loan was critical for infrastructure repair(s).

Assessment Delinquency is presently non-existent

New Business

New Business

Questions

2016 Election of Directors

Election of Directors - Bob & Jon

End of Meeting

Thank you for attending!