Hickory Creek Subdivision

Home Owners Association Annual Meeting Wednesday, April 11th, 2012, 7:00PM
(email:
hickorycreekboard@hotmail.com) (facebook: hickorycreekhoa)

Welcome!

Hickory Creek Subdivision Home Owners Association Annual Meeting

Agenda:
1. 2. 3. 4. 5. 6. 7. 8.

Introduction of Board Review of Finances Subdivision Issues Review of Upcoming Events Election for Open Seats on Board Raised Comments from Questionnaire? Question/Answer Period Close

Hickory Creek Subdivision Home Owners Association Annual Meeting

1.

Introduction of Board

Pino Mancina (seat open for election) Ralf Hiebl (seat open for election) Mark Tabacchini (seat open for election) Scott Reygaert Bill Bye

Hickory Creek Subdivision Home Owners Association Annual Meeting

2.

Review of Finances

Account Bank Balance as of April 4th, 2012:

$22,868.70 Account at Huntington Bank in Warren HOA maintains a checking and savings account. Does not include collection of all 2012 Dues Finances have been well managed. Many HOA are in critical financial condition that require increasing dues. Late fee charge for 2012 dues: 1st month late = $15, add $5 every other late month for a 12 month period: June = $15+$20, July = $15+$20+$25, August = $15+$20+$25+$30, etc.

Hickory Creek Subdivision Home Owners Association Annual Meeting

2.

Review of Finances (continued)

History of Bank Balance

Account Balance

$30,000.00 $25,000.00 $20,000.00 $15,000.00 $10,000.00 $5,000.00 $2001 2002 2003 2004 2005 2006 Year Account Balance 2007 2008 2009 2010 2011

Hickory Creek Subdivision Home Owners Association Annual Meeting

2.

Review of Finances (continued)

Income Collected in 2011:

Dues: Interest Income: Misc: Total:

$13,831.45 $10.00 $3,279.96 $17,121.41 $1,716.10 $603.20 $477.75 $46.65 $1,040.00

Expenses for 2011:

Attorney Fees: Xmas Lights: Fertilization of Grass: Garage Sale: Insurance:

Hickory Creek Subdivision Home Owners Association Annual Meeting

2.

Review of Finances (continued)

Expenses for 2011 (continued)

Lawn Cutting: $2,535.00 Landscaping: $1,629.00 New Subdivision Signs: $11,136.93 Meeting Room fees: $75.00 (Annual Mtg) Misc: Tax Filing $150.00 PO Box: $42.00 Incorp. Fees: $20.00 Snow Removal: $1,000.00 Sprinkler Maintenance: $395.50

Hickory Creek Subdivision Home Owners Association Annual Meeting

2.

Review of Finances (continued)

Expenses for 2011 (continued)

Stamps: Supplies: Transfer to savings: Electric: Water: Total Expenses:

$148.59 $0.00 $0.00 $509.10 $619.41 $22,144.23

Total Income: $17,121.41 Total Expenses: $22,144.23 Net Income/(loss) ($5,022.82)* *due to New Signs that were constructed

Net Income for 2011

Hickory Creek Subdivision Home Owners Association Annual Meeting

2.

Review of Finances (continued)

Plan for reduction of Expenses for 2012

Attempt to minimize Legal fees Plan for Community Xmas Light Install Informational letters available on new Facebook site: Hickory Creek HOA.(ask to be a friend) Email Delivery of Newsletters and Notices Attempt to reduce utility consumption

Hickory Creek Subdivision Home Owners Association Annual Meeting

Subdivision Issues

3.

Delinquent 2011 Dues from 2 Homeowners. 2 Homeownes are delinquent: One is paying monthly over a 12 month period including all legal fees and late fees. One is being pursued legally by the HOA attorneys. Will either be a forced foreclosure on their home or a possible wage garnishment. Foreclosurescurrently no known known foreclosure. Upkeep on all homes Temp. Pools: will be allowed like last year as long as a Township approved permit is submitted to the HOA Board for approval prior to pool erection. Pools in violation of this will be assessed a $5/day fine until corrected. New entrance signs completed last year!

Hickory Creek Subdivision Home Owners Association Annual Meeting

4.

Review of Upcoming Events

Subdivision Garage Sale to be scheduled for May 18th-20th, 2012. This will be advertised in the local paper, craigs list and our notice board will be placed at the front entrance. HOA continuously contacting Macomb County Road Commission (MCRC) for possible concrete slab repair at front entrance. Any volunteers to coordinate a Sub Get-Together? Main Subdivision communication to occur via mailed notices and Facebook page.

Hickory Creek Subdivision Home Owners Association Annual Meeting

5.

Election for Open Seats on Board

Open Seats for Election:

Pino Mancina Ralf Hiebl Mark Tabacchini

Nominations for Seats Voting Results

Hickory Creek Subdivision Home Owners Association Annual Meeting

6.

Raised Comments from residents?

Hickory Creek Subdivision Home Owners Association Annual Meeting

7.

Question/Answer Period

HCHOA on Facebook: Hickory Creek HOA (ask to HCHOA Email Address: hickorycreekboard@hotmail.com

be a friend to gain access to sub documents, newsletters, info, etc)

Hickory Creek Subdivision Home Owners Association Annual Meeting

8.

Close

Thank you for attending!