THE OAKSHIRE GOOD NEIGHBOR
Transcription
THE OAKSHIRE GOOD NEIGHBOR
THE OAKSHIRE GOOD NEIGHBOR March, 2016 Volume 19, Issue 3 BOOK CLUB OAKSHIRE MEETINGS Next Board Meeting: Thursday, March 24, 7:00 pm Pre-Board Meeting: Monday, March 21, 7:00 pm OAKSHIRE ACTIVITIES Book Club: First Thursday, 7:00 PM Call: Mary Kay Dillingham 677-1883 Bunko: Second Thursday, 7:00 PM Call: Suzanne George 438-3846 Dominoes: Second Monday, 7:00 PM Call: Marty Fuller 492-9008 Line Dancing: Every Friday, 10:45 – 11:30 AM Call: Suzanne George 438-3846 Water Aerobics: Every Tuesday and Thursday, 3:00 PM, June through August Call: Karen Johnson 888-8298 OAKSHIRE RESIDENT RELATIONS COMMITTEE Everyone is invited to the next meeting of the Oakshire Book Club on Thursday, March 3, 7:00 pm, in the Fireside Room at the clubhouse. We will discuss Go Set a Watchman and To Kill a Mockingbird, very timely selections with the death of author Harper Lee last week. In April, we will read Persuasion by Jane Austen; for May, The Girls of Atomic City by Denise Kieman; June is Blowback by Valerie Plame; July is All the Light We Cannot See by Anthony Doerr. QUEEN BED Chair: Marty Fuller: 492-9008 Welcoming: Marty Fuller 492-9008 Bereavement: Marty Fuller: 492-9008 Directory: Janet Huddleston 492-3545 Newsletter: Mary Kay Dillingham 677-1883 TRASH PICKUP Thursday, March 3, 10, 17, 24, 31 April 7, 14, 21, 28 Articles for the newsletter must be submitted via e-mail to Mary Kay Dillingham by the last day of the month: [email protected] Oakshire Web Site: oakshirehomesassociation.com Board President: Gary Schmidt, 888-0852 Board Secretary: Janet Huddleston, 492-3545 Board Treasurer: Karen Johnson, 888-8298 2016 year-to-date Revenue and Expenses are as follows: TOTAL REVENUE: $36,433 TOTAL EXPENSES: $31,311 SPECIAL PROJECTS RESERVE: $215,481.06 Original Oakshire resident, Don Daniels, suffered a stroke in January and has been in the hospital and rehab ever since. His wife, Joann, says he is “starting to get grumpy” and he has made a lot of progress, so she thinks he will be able to come home soon. She needs to sell the queen bed in their downstairs bedroom to better accommodate Don’s limitations. If you or anyone you know is interested in purchasing the Daniels’ bedroom furniture, please contact Joann at 913-888-1947. IN AND AROUND OAKSHIRE Well, here we are in March and don’t you agree, so far, the winter has been pretty mild. Remember the 20th is the first day of spring!!! It’s practically here! Looking around a person can already see the signs with tulip bulbs, jonquils, hyacinths, etc. showing their leaves. Probably some crocus is blooming already! It’s all good!! Our big event last month was the annual meeting. It was a very informative meeting; hopefully, you were there. This is the time when new officers are elected. We were gratified by the number of residents who chose to vote. Basically 2/3 of you voted. That set a record and shows great support to those who work hard to make Oakshire such a desirable place to live. During the meeting, new residents were introduced and the chairs of all the committees read their reports on how the year had progressed and all that was accomplished during the year. Nilla Henry and Richard Heil and his crew received rave reviews for their work and their help in Oakshire. Many people were acknowledged for their contribution to the workings of this community and appreciation was shown to all who choose to volunteer. Following the meeting, we had a fun and very social gathering with coffee made by Louise Mathis and delicious cookies made by Mary Doherty, Mary Ann Estes and Carrie Whitaker. Thanks to all of you for providing this perfect touch to a lovely evening. Be sure and check out Rita’s Corner. Hope you didn’t miss the very nice Happy Valentine’s display. Who knows what is coming next!! Last year the Easter Bunny left a lot of eggs in that very same area. Will he again?? Check it out and see. Thanks Rita Dupin, you bring a lot of happiness to that corner. Happy Spring to all of us and we hope to see all of you at the St Pat’s Party on the 19th!!! Be sure and show your green!!! OAKSHIRE HOMES ASSOCIATION FORTY-SECOND ANNUAL MEETING February 16, 2016 The Forty-second Annual meeting of the Oakshire Homes Association was held Tuesday, February 16, 2016 in the Clubhouse. The meeting was called to order at 7:00 p.m. by President Gary Schmidt who welcomed all homeowners and new residents. President Schmidt thanked Louise Mathis and the Social Committee for providing the cookies and coffee for tonight’s meeting. At the conclusion of this meeting we will adjourn to the Fireside Room for coffee and cookies. The following Board members were present: Michael Bettis, Nancy Burns, Marty Fuller, Betty Haefele, Janet Huddleston, Karen Johnson, Bill Pelkey, Gary Schmidt, and Chris Stanfield. MINUTES: The Minutes of the Forty-First Annual Meeting, held February 17, 2015, were accepted as presented. AUDITOR’S REPORT: President Schmidt asked Karen Johnson to read the financial status report prepared by Rich Bili, CPA, of Keller & Owens. This report was addressed to Karen Johnson. “Thank you for the opportunity to perform the work for Oakshire Homes Association. We wanted to give you a summary of the results of the review. If you have any questions, please let me know. “Keller & Owens performed a review of the financial statements. This is the service just below our audit services. Basically, we perform inquiry and analytical procedures to see if the financials ‘make sense’. I think this is the appropriate level of service for the organization. “The balance sheet is fairly consistent with the prior year. The cash balance increased approximately $3,000. “Assessments receivable increased by approximately $10,000. There are five residents that have balances of over $1,000. Of the five, an attorney has been involved in trying to obtain payments for four of the residents and the other one you are having a lien put against the property. The association continues to do a good job of staying on top of it and making sure assessments are being paid and following up if they are not. We do suggest that you continue to stay diligent in monitoring and collecting outstanding balances that are due to the association and consider an increase to the allowance for doubtful accounts in 2016. “On the income statement, you had a positive net income of $12,000 for the year which is down from the prior year net income of $19,000. The main reasons for the decrease in net income were an increase in some expenses that outpaced the increase in revenues of $6,000. For instance, exterior repair decreased from 2014 by $40,000; however roofs expense increased $68,000 due to a few roofs that had to be replaced this year. “Overall, I think the Association had a solid year and is in good financial shape.” Sincerely, Rich Bili, CPA QUORUM: President Schmidt announced that the Tellers (Grace Folse and Judy Auman) have advised that we have a quorum and can conduct business. ELECTION OF DIRECTORS: President Schmidt recognized the hard work of the Tellers, Grace Folse and Judy Auman. He also recognized the dedication that Chris Stanfield gave to our Board and our community as he goes off the Board. He stepped in when Phil Runyon stepped down for health reasons and Chris ran for the following term too. The following candidates running for a three-year term: Marty Fuller Janet Huddleston Steve Keegan President Schmidt said that we vote by secret ballot. Our ballot must be placed in a sealed envelope and that we write our name on the envelope as well as our address otherwise the vote cannot be counted. We do not sign the ballot due to privacy of the ballot vote. COMMITTEE REPORTS: All the following reports are on file at the Clubhouse Office and can be reviewed on Thursday Mornings when Nilla Henry, Property Manager, is in the office. ARCHITECTURE: The Oakshire Homes Architectural Committee consisted of seven members during 2015: Tom Sader, Chairman; Larry Huddleston, Vice Chairman; Bill Pelkey, Board Liaison; Aaron Auman, Lisa Montague, Terry Schoeni and Chris Stanfield. The committee was busy in 2015 with the replacement of 20 complete or partial roofs. The partial replacement was to complete the portion of roofs that had not been previously replaced. The reasons for the roof replacements was either leakage or composition shingles over shake shingles that are uninsurable. 12 units had brick replacement completed on the fronts of the units. 3 driveways, 2 stoops, and 6 sidewalks were replaced. 8 driveways were mud jacked. We continue the ongoing project to replace stucco siding and brick veneer with Hardie panel, cedar fascia and trim boards with smart trim. The Architecture Committee would like the board to consider the approval of Steve Keegan as a new member of this committee. Tom Sader, Chairperson LANDSERVICES: The Landservices Committee consists of Michael Bettis, Board Liaison, Jay Brenner, Nancy Burns, John Howard, Bill O’Neill, and Diana Tyrell. This committee is involved with the Oakshire lawn care which includes mowing, fertilizing and weed control. We also oversee the spring bush trimming/removal program and the fall tree trimming program that is completed by Chris Hoover Tree Service. As needed the committee handles the planting of trees, bushes and flowers. 2015 had 33 residents requesting bush trimming/removal and 33 residents requesting tree trimming. This past year we lost three members due to health or other age related issues. Bill O’Neill, Member CLUBHOUSE, POOLS, AND TENNIS COURTS: The Clubhouse, Pools and Tennis Courts Committee consists of Suzanne George, Chairperson; Betty Haefele, Board Liaison; Aaron Auman, Nancy Burns, Dick Fuller, Bill and Jeanne Leonard, Helen O’Dowd and Sharon O’Neill. Clubhouse: The Fireside Room was repainted by volunteers before carpet installation in March. A tweed carpet was chosen from Carpet Direct at a cost of $1, 674.33 including installation. Two chairs were repaired. New deadbolt locks were installed at the clubhouse, office, and garage doors. New pool keys were made for new residents. Replacement keys cost $20.00. The clubhouse is used for Oakshire activities: Book Club, Bridge Group, Bunko, Dominoes and Line Dancing. The Clubhouse was rented 25 times in 2015. We continue to use Keith Meyer for clubhouse custodial cleaning. Nancy Burns continues the courtyard gardening. Pools: The North pool passed inspection after four values were replaced in the pump room. The South pool boiler had a blown transformer that was replaced and a vent was installed on the gas pipe leading to the boiler before passing inspection. Constant Care replaces mulch at both pools, Chris Hoover’s crew trims trees around the pool areas before the pools are properly opened by Select Pools for the season and inspected by the city of Overland Park. The committee keeps each pool area attractively updated and secured. There was a slight problem with a waxy build-up of sunscreen in the North pool during 2015. Swimmers need to follow sunscreen directions so that the lotion is absorbed by the skin before swimming to prevent this from clogging up the pools. Water aerobics continues twice a week during the summer with Monica Brown instructing. Budget: We went over the budget by approximately $500 due to utility increases. Suzanne George, Chairperson RESIDENT RELATIONS and WELCOMING: The Resident Relations Committee consists of Marty Fuller, Chairperson and Board Liaison, Mary Kay Dillingham, Debbie Gibson and Janet Huddleston. Welcoming Committee: We had the great pleasure of welcoming 15 new residents in 2015. New Residents: Mary Arterbery; Sharol Carlson; Art and Kathie Donnelly; Christine Gladson; Ann Marie Hopkins; Michael Kleen; Judy McDonald, Glen and Jolene Payne; Margaret and Natalie Peter; Aristides (Al) and Erma Simoes; Scott, Trisha and Steve Spangler; Denise and Hannah Strader; Rhonda Voiles; Jane Wiegele; Sharon Weitzel and Dona Lambrecht; and Karen Wiseman. Each new resident was presented a new copy of the Oakshire By-Laws along with tickets to an Oakshire activity of their choice. The tickets were given in an effort to encourage them to meet their neighbors and become active in our community. Each new resident was made available a pool key. Perhaps most appreciated by the new residents was the opportunity to ask questions about maintenance, pool and clubhouse usage, snow removal, etc. We do believe they appreciated our effort to acquaint them with our Oakshire community. Bereavement Committee: Sympathy cards were sent to the families of the following residents: Sam Montague (5/13/15), Sue Roesch (5/25/15); Marilyn Casey (5/19/15), Karen Free (10/4/15), Richard Schwarz (12/6/15). In addition to these residents passing we received a notice of Carol Squires passing away on 12/19/15. Carol worked with Oakshire through The Curry Management Company. Carol trained Nilla Henry who has replaced her as our Management Company Representative with First Service (formerly Curry). Marty Fuller, Chairperson SOCIAL AND RECREATION: The Social Committee consists of Louise Mathis, Chairperson; Nancy Burns, Board Liaison; Carri Whitaker, Treasurer; Mary Ann Bettis, Cheryl Caple, Mary Doherty, Mary Ann Estes, Thais Fahy, Lora Fitzgerald, Grace Folse, Marty Fuller and Nancy Vaughn. In January all the Christmas decorations were taken down at the Clubhouse. February we provided refreshments for the Oakshire Annual Meeting. On March 15th we held a St. Patrick’s Pot Luck Party with the committee furnishing the corn beef/rye bread for 41 attending. Coffee at theClubhouse was hosted on February 21st, April 18th, August 1st, and November 14th with Special Guests Hosts assisting in welcoming the residents to the coffee. A Resident Survey was added to the July Newsletter with some good ideas being offered for future activities and programs. The Octoberfest Chili Potluck was attended by 60 residents and the committee provided various kinds of chili/cornbread. Clubhouse holiday decorations were put up after Thanksgiving. The Annual Holiday Party was held on December 18 th, catered by HyVee Prairie Village, and “On Eagles Wings” vocal ensemble entertained 53 residents. Those leaving the committee are Marty Fuller and Nancy Vaughn. Louise Mathis, Chairperson FINANCE: Cash on Hand as of December 31, 2015 Income and Expense Summary for 2015: Total Income Total Expense Net Income: $227,769 $408,581 $391,554 $16,027 Reserve Summaries as of December 31, 2015: Special Projects $212,471. Reserves 06 Undesignated $15,287.8 Reserves 5 Total Reserves $16,027 In 2015, $36,000 was collected from our monthly dues to fund the Special Projects Reserve Fund. This fund had no expenses in 2015. The monthly assessment for 2015 was $225.00 per unit per month. The monthly assessment for 2016 will be $235.00 per month. Karen Johnson, Treasurer STANDARDS: The Community Standards Committee was established by the Oakshire Board of Directors to assist the Board in maintaining the quality of our community. The committee activities during 2015 were typical, consisting primarily of minor parking violations. These issues are generally resolved with a letter or notice stating the applicable regulation. Over the years Oakshire members have conscientiously observed our standards and consequently the committee is rarely called upon to take action. Since the committee operates at the direction of the Board, and since it is rarely called upon to take action, the committee no longer needs to provide this function. Oakshire members who wish to have a possible violation of our rules investigated should submit a request to the Board of Directors and the Board will take appropriate action. All association members should have a copy of the Declarations, ByLaws, and Board Policy Manual. Copies can be obtained by contacting Nilla Henry, FirstService Residential, or stopping by the clubhouse office on Thursday Mornings (10:00 to 12:00 Noon) to pick up a copy. The governing documents are also on the Oakshire website (oakshirehomeassociation.com). A digest of the most important items is included in the Oakshire Resident Directory that is published each year. Gary Schmidt, Chairperson SNOW: The Snow Committee consists of: John Howard, Larry Huddleston, Karen Johnson, Bill Leonard, Gary Schmidt, Terry Schoeni, and Chris Stanfield. The monitors measure the snow depth in an undisturbed area after the snow has stopped. This is important to decide if plowing will be done and how much Oakshire will be billed. We believe this is a more accurate measurement for the average snow depth in Oakshire than a generic Overland Park Report. Terry Schoeni also makes an official measurement for the National Weather Service. Oakshire did not have a plowable snow event in 2015. When there is a snow event that may require plowing, measurements are taken at designated locations throughout Oakshire. An average snow depth of 3” is required before plowing is considered. Depending on the snow depth and forecast melting conditions, the committee will determine if plowing will be done. When the snowfall does not meet the plowing criteria, it is up to individual residents to shovel as desired. All Oakshire residents are requested to look out for older neighbors who may be unable to shovel. Any residents who are not able to shovel and who need to have snow cleared, may contact any committee member or Board Member for assistance. Arrangements for assistance will be made. Since our previous snow removal contractor did not respond to a request for a renewal contract, a new contractor, Tru North, has been contracted for this season. We will have to pay a retainer fee that was negotiated to equal the snow removal budget. This fee applies to the snow removal billings. Gary Schmidt, Chairperson FINANCIAL REPORT: Traditionally the Finance Committee meets once a year with the sole purpose of building a budget for the coming year. This year we met on October 5th. Present were Larry Huddleston, Terry Schoeni, Gary Schmidt, and Karen Johnson. Committee Member Chris Stanfield was unable to attend but presented three topics to be considered. These topics were read and discussed. This year we agreed to base our income on 145 units, as we have 5 units consistently not paying their monthly assessments. The last few years our income was based on 147 units, for the same reason. Our expense will continue to be based on 150 units. With that said, I want to assure you we are actively pursuing these delinquent homeowners legally. One unit was recently repossessed by the mortgage company and is now vacant. All committee chairs were asked to present their budget needs for the coming year. With two exceptions, all requested their budgets remain the same as the previous year. Janet Huddleston asked her budget for the printing of the Oakshire Directory be increased to include the expected increase in cost. Suzanne George, Chair of the Clubhouse, Pools and Tennis Courts Committee requested funding for 5 or 6 new deck chairs for the pools and funding for the re-staining of the North Pool fence and staining of the South Pool fence. The request for the new deck chairs was approved; the request for the staining and re-staining of the fences was not. It was agreed the South Pool definitely needs to be stained and it was further discussed that stain could be applied by a group of volunteers this spring. For those new to this community, many projects over the last few years have been handled by volunteers very successfully, saving this community a lot of money. The Association would, of course, pay for the stain and any supplies needed for that project. 2016 is the year when many contracts become due. As many of you know, we require at least a two-year contract with our vendors. We have some exceptions, Deffenbaugh a five-year contract and Hoover a three-year contract. After 10 years of holding their pricing, Constant Care did ask for a modest 2% increase. There are many advantages to having vendors who know the property and have worked here many years. We were happy to sign another two-year contract with Constant Care. The Land Service budget was expanded to include the increase. Gary and I began the challenge of finding a new snow removal company. The company we used previously is apparently out-of-business as we could get no response, so we started our search. The challenges did come; we found many companies who simply do not want to plow snow for Homes Associations. If they did agree to plow, very few would plow “only” after 3” had fallen, and very, very few, if any, would price the job without compounding the prices. This gets very complicated, Gary and I worked out a workable bid sheet after spending many hours in the “what if” state of mind. You know, what if we get 5”, or 7” or 9”. or more? We worked the math every way imaginable working the various percentages as most companies compound their pricing as the snow amounts increase, sometimes they do not compound consistently. Thanks to Bill and Vicki Pelkey for suggesting and getting us the name of Tru North. Tru North is the company who clears Oak Park Mall. Tru North only does Snow Removal but they have never done Homes Associations. After talking to them, they decided they may want to start doing neighborhoods like ours and our location certainly worked to everyone’s advantage. We spent 6 weeks in meetings negotiating prices and re-wording their contract. We reached the best possible agreement and have signed a 4-year contract with them. Just a point of interest, the man who started this company, Tru North, got his start with Constant Care, 10 years ago. His sister, Tracy, is one of the people we were negotiating with. We have every reason to think we will enjoy the same good working relationship with Tru North that we enjoy with our other vendors. It should be mentioned here that Oakshire is one of a very few Homes Associations that not only negotiates their own contracts, but also reviews the terms and conditions of the contracts. Most homes associations request that their management group do this on their behalf. We believe we know the needs of our Association much better and we believe we can devote more time to these negotiations. This practice has resulted in significant savings, and the elimination of contract terms that are unfavorable to Oakshire. In addition, through these processes, we have established personal relationships with our vendors which have proven very beneficial to Oakshire and our vendors as well. Brian Cyre of Keller & Owens has once again completed his yearly review of Oakshire and once again finds us to be an extremely stable, solid community in good financial shape. He typically drives through the community looking closely at all visible aspects of the neighborhood before beginning his review. He did mention that we look better and better every year. One comment he made was that we always spend our funds wisely, another is how constant and stable we are year after year. He mentioned he has come to expect that from Oakshire and is never disappointed. As you see, his comments are all very favorable. Brian has conducted our reviews since 2007. Because of increases in our expenses such as Constant Care, utilities, chemicals used not only for the pools, but also, for the common grounds, the Finance Committee recommended to the Board a $10.00 increase in our monthly assessments. The Board approved the increase. The monthly assessment for 2016 will be $235.00 per unit per month. This is the first increase since 2011. Our Special Project Reserve Account continues to grow and will continue to be funded in the amount of $36,000 a year. The Finance Committee would like to thank Nilla Henry for her hard work, her obvious interest in our community, and her quick response to all our needs and requests!! The Finance Committee also wants to offer a huge Thank You to all the Committee Chairs and to all who chose to volunteer on those committees. Your energy and efforts are easy to see as Oakshire is beautiful and continues to be a wonderful place to call home. You do make a difference!! ASS0CIATION RESOLUTION FOR REVENUE RULING 70-604 ELECTION – EXCESS INCOME APPLIED TO THE FOLLOWING YEAR’S ASSESSMENTS RESOLUTION OF THE OAKSHIRE HOMES ASSOCIATION RE: EXCESS INCOME APPLIED TO THE FOLLOWING YEAR’S ASSESSMENTS REVENUE RULING 70-604 WHEREAS, the Oakshire Homes Association is a Kansas corporation duly organized and existing under the laws of the Kansas; and WHEREAS, the members desire that the corporation shall act in full accordance with the rulings and regulations of the Internal Revenue Service; NOW, THEREFORE, the members hereby adopt the following resolution by and on behalf of the Oakshire Homes Association: RESOLVED, that any excess of membership income over membership expenses for the year ended December 31, 2015, shall be applied against the subsequent tax year member assessments as provided by IRS Revenue Ruling 70-604. The resolution is adopted and made a part of the minutes of the meeting of February 16, 2016. Signed by: Gary Schmidt, President Attested: Janet Huddleston, Secretary APPROVAL OF ANNUAL REPORTS AND RATIFICATION OF THE ACTS OF THE BOARD OF DIRECTORS DURING THE PAST YEAR MOTION: Tom Sader moved to approve the Annual Reports and to ratify the Acts of the Board of Directors during the past year. It was seconded by Betsy Edmonds. Motion carried. PROPERTY MANAGER’S REPORT: This report was read by Janet Huddleston for Nilla Henry. “FirstService Residential is proud to be managing Oakshire Homes Association. I am on my seventh year here at Oakshire and I am honored to be part of such a great community. We all owe a great big special thanks to the entire Board of Directors and Committee members for all of their personal involvement and hard work which makes Oakshire such a nice place to live.” DELINQUENCIES: As of February 10, 2015, sixteen homeowners owe dues for February dues, seven homeowners owe for January, six homeowners owe for December 2015, six homeowners owe for November 2015 and older past dues. We track the legal fees for each account and charge them back to the homeowner. Late fees have been added to the correlating accounts as well. INSURANCE: The insurance log has been updated and the notices mailed out. There are currently six homeowners who need to mail in an updated declarations page. There is one homeowner who has not turned in their insurance since moving in recently. Sincerely, Nilla Henry, Property Manager PRESIDENT’S REPORT: 2015 was a good year at Oakshire. As Karen Johnson and Bryan Cyre reported, out financial condition is strong. The Board is committed to the continued growth of our reserve funds that will be needed for major maintenance projects in the foreseeable future. In 2014 the Board agreed to meet four times a year instead of monthly. Meetings in 2016 will be held in March, June, September and November. A pre-board meeting held on the Monday preceding the Board meeting. Meeting dates are published in the Oakshire newsletter. Residents are invited to attend these meetings. In addition to the regular Board Meetings, Nilla Henry, Tom Sader, Karen Johnson and Gary Schmidt meet at 10:00 a.m. every Thursday at the Clubhouse office. Members are encouraged to stop by with any questions, and to enjoy wonderful freshly baked brownies and coffee for which we thank the “Oakshire Brownie Lady” Yvonne Webster. Oakshire welcomed 15 new neighbors during the past year. Oakshire continues to be one of the most desirable townhome communities in Johnson County with most homes selling within days of being listed, and one actually sold within 3 hours. Our new owners upgrade and renovate their homes, which elevate the quality of our entire community. Our Architectural committee continues to make progress on the Hardi-Panel project. Priority is given to roof replacements, and a large number of roofs were replaced in 2015. In 2012 it was determined that some insurance companies were unwilling to insure homes with composition roofs that had been placed over wood shingles. While this had been an accepted practice, it is no longer permitted under current building codes. Any roofs that were placed over wood shingles will be replaced. Any owner who encounters a problem insuring a unit with underlying wood shingles should contact Nilla Henry at FirstService Residential. The Nieman berm, Clubhouse plantings and the 96th Street/95th Terrace beautification projects are ongoing. Nancy Burns spends many hours watering and maintaining plants around the Clubhouse, and Karen Johnson and her assistant continue planting, mulching and watering all these common areas. Every month in the newsletter the Special Projects Reserve balance is reported. When homes associations are initially established the developer provides the declarations, by-laws, and manages the association until the project is completed. It is then turned over to the owners. Keeping dues as low as possible is in the developer’s best interest, and establishing a reserve fund would require high dues. When the owners take over, the community is new and expenses are low. As a result, dues remain low, and the Board does not consider future repair and replacement requirements. This is what happened at Oakshire. Several years ago when it was necessary to resurface our streets, the Board had to take out a loan to complete the work. The Board still did not create a Reserve Fund. Over the years more and more repairs were required resulting in continuing increases in our dues, and in 2002 a $2,500 assessment per residential unit was approved to cover painting and siding work. Still no Reserve Fund was established. The sad part of this story is that, if the original Board had dedicated only $5 of the dues to future repairs, we would probably have created a reserve of at least one million dollars. In 2007 the Board approved a $15 increase in dues that was dedicated to a Special Projects Reserve fund. Subsequently an additional $5 per month was added to the fund. Nothing can be spent out of this fund without Board approval. As reported at the end of 2015 the Special Projects Reserve Fund balance is $212,481 and it increases by $36,000 each year. Our streets will need to be resurfaced in seven or eight years. The resurfacing may cost as much as $500,000. If there are no unforeseen contingencies, the reserve fund should be adequate to cover most, if not all of the street repair expense. The Oakshire Board of Directors continues to aggressively pursue delinquent accounts. The viability of our community depends on the timely receipt of monthly dues from all of our residents. Any resident whose payment is 30 days past due receives a reminder letter from FirstService Residential. A second notice is sent after 60 days. At 90 days the resident is advised that a lien has been placed on the property. The lien includes late charges and all legal expenses incurred by the association. Delinquencies that extend beyond 90 days are turned over to the association’s attorney. The association will petition the court for a judgment. If collection of a judgment is not possible, a foreclosure action on the property will be filed. In the event that the delinquencies have not been resolved at the time that a property sells, the closing cannot be completed without satisfying the lien. In 2015 there was one bank foreclosure in Oakshire that resulted in a write-off of approximately $6,000. Unfortunately, the banking lobby has been able to secure protection under Kansas law that allows them to dismiss all secondary liens on a foreclosed property. We still have the option of pursing legal action against the property owner, and will do so if there is a reasonable chance of recovery. In this case it was determined that the estate had no known assets. Obviously uncollected assessments place a financial burden on all of our residents who pay their dues. The combined efforts of the Board of Directors and FirstService Residential have been successful in collecting past due accounts, and this will continue to be one of our highest priorities. 2015 was a great year at Oakshire, and we look forward to the same in 2016. Gary Schmidt, President OAKSHIRE COMMENDATIONS: Individual residents were recognized for their valuable contributions to Oakshire during 2015. Karen Johnson read a Letter of Appreciation for Gary Schmidt thanking him for his tireless efforts on behalf of the Oakshire community. NEW BUSINESS: The Chair moved to appoint Steve Keegan as a member of the Architectural Committee. The motion was approved. The Chair announced that Marty Fuller, Janet Huddleston and Steve Keegan were elected to the Board of Directors by acclimation. The Chair announced the following committee liaison assignments: Architectural Steve Keegan Land Services Michael Bettis Clubhouse, Pools & Tennis Courts Betty Haefele Resident Relations Marty Fuller Finance Karen Johnson Snow Removal Gary Schmidt Open Forum: Celeste Stanfield asked if the State of Kansas required a contingency fund be maintained by Home Owners Associations. Gary Schmidt indicated he believed it was by the law passed in 2007-2008. There being no further business to conduct, the meeting was adjourned at 8:00 p.m. Respectfully submitted, Janet Huddleston Board Secretary OAKSHIRE INSURANCE REQUIREMENTS When changing insurance carriers or renewing existing homeowner’s policies residents need to make sure that their agent is aware of the following provision of the Oakshire Declarations: ARTICLE IX INSURANCE Section 2. Unit Owners. All Owners shall obtain and maintain the following insurance on their respective Units: All Risk Physical Damage Coverage on the dwelling structure and Liability Coverage as provided by the broadest Home Owners policies in insurance companies authorized to do business in Kansas. Coverage on the Owners' Units shall be on a full replacement cost basis. Each such insurance policy described herein shall be endorsed to provide written notice to the Association of any cancellation of such policy or of any reduction of the limits of coverage provided therein. Each Owner shall name Oakshire Homes Association, Inc. as a Loss Payee or as an Additional Insured. Some insurance carriers offer replacement cost coverage as an option, not as a standard coverage. Residents should request that their agent send a certificate of insurance including the above requirements to Nilla Henry at FirstService Residential. OAKSHIRE MAIL DELIVERY Oakshire residents are extremely fortunate to have mail delivered to the door. Most newer residential communities have centrally located lock boxes where all neighborhood mail is placed. Unfortunately, we frequently have a substitute carrier who has a problem finding the proper address for deliveries. If you receive your neighbor’s mail, please place the mail in their mail slot rather than returning it to the post office. REST IN PEACE Former residents, Buck and Miriam Warren passed away recently, Buck on February 24 of this year and Miriam last November. They are fondly remembered at Oakshire. FIRST COFFEE AT THE CLUBHOUSE – FEBRUARY 27 Guest hosts Terry and Libby Schoeni welcomed residents to Coffee at the Clubhouse last Saturday, Feburary 27. Coffee, tea, and delicious cookies were enjoyed by all those attending. The coffees are a great way to visit with your neighbors and meet new residents in a casual setting. The next Coffee at the Clubhouse is scheduled for April 30. Hope to see you then.