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2010 SPV HOA Meeting

2010 SPV HOA Meeting. Reserves (the HOA is required to provide funds on an annual basis for large expenditures that will be necessary sometime in the future) Investments (checking account, 6 month, 12 month, 24 month certificates of deposit)

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2010 SPV HOA Meeting

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  1. 2010 SPV HOA Meeting • Reserves (the HOA is required to provide funds on an annual basis for large expenditures that will be necessary sometime in the future) • Investments (checking account, 6 month, 12 month, 24 month certificates of deposit) • Operating Expense (funds provided for the current year to sustain the HOA annual operations)

  2. Reserves • Common Area (all owners are responsible to support this reserve) • Townhomes (townhome owners are responsible to support this reserve, this includes those houses that are built on lots originally plotted for townhomes)

  3. Common Area Reserves • Dune Ramp – major refurbishing, total rebuild • Streets and paths – patching and rebuilding asphalt surfaces • Covered Bridges and wooden walkways, wash & oil bridges, rebuild • Clubhouse – wash & oil, roof replacement, siding replacement, replacement and major maintenance of equipment, furnishings, and fixtures • Entrance signs

  4. Townhome Reserves • Wash & Oil • Gutter replacement • Roof replacement & maintenance • Siding replacement

  5. Investments(Currently all with Oregon Coast Bank) • Operating Account – checking account • Money market accounts • Certificates of Deposit – 6 month, 12 month, and 24 month

  6. Operating Expense • Expenses allocated to both Townhome owners and Non-Townhome owners ( Insurance and Landscaping) • Expenses not allocated but shared by all owners (clubhouse upkeep & utilities, common area repair & maintenance, taxes, bookkeeping, other)

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