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Annual General Meeting

Annual General Meeting. Home Owners Association Tuesday , October 11 th , 2011. Today’s Agenda. Meet the Directors President’s Update Highlights for 2011 Project Report 2011 – Finance Report Proposed 2012 Budget Elections and Voting Question and Answers. Meet the Directors.

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Annual General Meeting

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  1. Annual General Meeting Home Owners Association Tuesday , October 11th, 2011

  2. Today’s Agenda • Meet the Directors • President’s Update • Highlights for 2011 • Project Report • 2011 – Finance Report • Proposed 2012 Budget • Elections and Voting • Question and Answers

  3. Meet the Directors • Brad Halbach • Shelyza Vasisht • Chadd Merrigan • Anna Martca (Interim Director) • Ashish Arora – (Interim Director)

  4. President’s Update • Woodbridge home values strong in current market • # 12 homes sold Year to Date • Most homes are not on the market very long • Stolen Funds Recovered – Criminal Case Finalized • Amount of $54,860 on March 4th, 2011 • Director Changes • Shobit > Anna Martca • Venkat > Ashish Arora

  5. Highlights and Updates for 2011 • 4th of July – Great turn out and great weather • More ice cream and popsicles next year Completed Projects • Irrigation Upgrades • Areas with no coverage new zones installed • Relocation of sprinklers around swings • Bench Replacement • Rubber tile installation in playground

  6. Projects In Progress • New swings in Phase 2 Park(Redmond Grant) • Drainage upgrades in Phase 3 North Park • Tree Replacement • Buffer around ponds

  7. YTD Income & Acct. Balances

  8. 2011 Expenses

  9. Annual Dues for 2012 • Dues to go down to $500 SF and $300 TH • We continue to reduce fees annually but want to continue to budget for projects • Projected $65,000 checking balance at EOY • We are issuing a one time credit toward 2012 dues. • $150 SF and $90 TH – Credit • Net 2012 dues: $350 SF and $210 TH • Reserve Funds • $70,000 reserve has been established • Current reserve is sufficient and for future emergencies

  10. 2012 Budget Income

  11. 2012 Budget Expenses

  12. Open Nominations • What are you passionate about? • Parks, Events, Administrative, Social • Your chance to make a difference! • Influence community decisions

  13. Election of Directors • 2 Director posts up for elections • Term ending 2014. • Canidates for Director’s posts • Anna Martca • Ashish Arora • Any other nominations ???

  14. Open Forum • Question and Answers

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