Welcome 2010 Members Meeting

AgendaAnnual Membership AgendaTime: 7:00 PMWho: All Woodstream Falls Condominium Owners and

RepresentativesWhen: Wednesday October 27, 2010Where: DoubleTree Hotel I-225 and Iliff AvenueWOODSTREAM FALLS CONDOMINIUM

ASSOCIATIONBOARD OF DIRECTORS SPECIAL MEETING AGENDAOctober 27, 20101. CALL TO ORDER2. PROOF OF NOTICE OF MEETING

Agenda Continued

3. READING AND APPROVAL OF MINUTES NOVEMBER 12, 2009 ANNUAL MEETING

Residents were notified by September 20, 2010 mailing.

4. RESULTS OF ACTION BY WRITTEN BALLOT: a. RECALL OF DIRECTOR LIPKIND b. ELECTION OF DIRECTORS (MANGERS) c. AMENDMENTS TO WFCA BYLAWS5. PRESENTATION OF 2011 BUDGET6. UNFINISHED BUSINESS AND NEW BUSINESS7. ADJOURNMENT

Election Results

Election Results

Election ChoicesThe Board of Directors has made the decision

to fill the current vacant positions with the two candidates who received the highest votes.

David Frazier will be appointed for the term ending 2013 formerly held by Barry McConnell

Joyce Taylor will be appointed for the term ending 2011 formerly held by Pansy E. Moore

Election ChoicesThe quorum requirements (157) for the ballot

process were not achieved. We received 144 ballots by October 15, 2010.

The Association must schedule a re-ballot (election) to elect a candidate to fill the expired term of incumbent Juanita Rucker, and to address the By Laws and Recall of Director Lipkind issues. The quorum requirements for these issues is 236.

2011 Operating Budget-No Increase in HOA FEES

         

      Unit Size    

    2BR 2BA 2BR 1BA 1BR 1 BA  

Administrative 11% $ 48.40 $ 41.14 $ 30.36  

Bank loan 6% $ 26.40 $ 22.44 $ 16.56  

Maintenance 28% $ 123.20 $ 104.72 $ 77.28  

Utilities 42% $ 184.80 $ 157.08 $ 115.92  

Reserves 13% $ 57.20 $ 48.62 $ 35.88  

2011 HOA Fees 100% $ 440.00 $ 374.00 $ 276.00  

           

Revitalization Plan 2011-2015GoalsIncrease homeowner value by continuing to Invest in

both infrastructure and curb appeal elements on an ongoing basis.

Ongoing roofing replacement HVAC system upgrades/replacement Landscape, Xeriscape, and hardscape replacement Exterior building appearance (Painting & stucco

repair))Increase the focus on both energy and water

conservation initiatives to reduce operating cost. Avoid the need for large special assessments & HOA

fee increases by working on projects in “stages”Increase the number of Owner/Occupants by a

minimum of 10 % during the plan period (2011-2015)

2011

Finalize and adopt a methodology for replacing the HVAC system and begin phase 1 of implementation (buildings J, K, L, M , N ,O)

Continue replacement of highest priority roofs (Bldg T-1,3, 5 Bldg Z-4,5,6,7)

Develop a new security/camera recommendation.Continue wooden step replacement (Entrance 1 & 4)Re-line stream and falls at main entrance (Water

conservation)Begin phase 1 of asphalt replacement at main entranceReplace selected retaining walls Repair/Recover Balcony Rooftops “Dog Houses” Resurface Swimming Pool Develop comprehensive /landscape plan. (water

conservation)

A few 2011 Projects

2012Continue replacement of highest priority roofsContinue wooden step replacement (Entrance 1 & 4)Replace selected retaining walls Replace selected sidewalk trip hazardsPhase 1 entrance light replacement with photocell

fixtures (Conserve electricity)Improve property drainage as needed. Install security cameras based on recommendationBegin Phase 1 landscape/xeriscape recommendation.

2013

Begin phase 2 of HVAC replacement strategy (Buildings P,Q,R,S G,H,I)

Continue replacement of highest priority roofs (K-4,5,L-1 H-2, 3, I-1,2)

Begin Phase 2 asphalt replacement Entrance 1 (south and east of parking structure)

Continue wooden step replacement (Entrance 1 & 4)

Replace selected retaining wallsReplace selected sidewalk trip hazardsBegin phase 2 of landscape/xeriscape plan.

2014Continue replacement of highest priority

roofs (buildings O-1,3,5, C-2,3,5)Begin Phase 2 asphalt replacement Entrance

1 (south and east of parking structure)Replace selected retaining walls Begin PHASE 1 exterior painting (buildings

A, B, C, AA, W, X, Y, Z)Begin phase 2 of landscape/xeriscape plan.

2015Begin phase 3 of HVAC replacement strategy

Buildings T,U,V,W,X,YContinue replacement of highest priority

roofs BB -1,3,4,6, N-2,3Replace selected retaining walls Begin phase 3 of Landscape/xeriscape plan.Begin phase 2 exterior painting buildings K,

L, M, N, O, PResurface upper deck parking garage