murray lane properties common facilities association, inc. annual meeting february 21 st, 2007
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Murray Lane Properties Common Murray Lane Properties Common Facilities Association, Inc.Facilities Association, Inc.
Annual MeetingAnnual Meeting
February 21February 21stst, 2007, 2007
AgendaAgenda
IntroductionsIntroductionsApproval of preceding meeting's minutesApproval of preceding meeting's minutesAssociation OverviewAssociation OverviewReports of OfficersReports of OfficersReports of CommitteesReports of CommitteesUnfinished BusinessUnfinished BusinessNew BusinessNew BusinessAdjournmentAdjournment
OverviewOverviewWhat Is The Murray Lane Properties What Is The Murray Lane Properties
Common Facilities Association, Inc.?Common Facilities Association, Inc.?
A Tennessee non-profit corporation A Tennessee non-profit corporation created in 1989created in 1989
Establishes certain Establishes certain sharedshared recreational facilities (i.e. the pool recreational facilities (i.e. the pool and pavilion) for the benefit of and pavilion) for the benefit of “Constituent Associations”“Constituent Associations”Originally no more than 250 lots nor Originally no more than 250 lots nor
more than 7 homeowner associationsmore than 7 homeowner associations
Overview Overview Ownership & GovernanceOwnership & Governance
Two “Constituent Associations”: Highland View and Waterford Two “Constituent Associations”: Highland View and Waterford
Owners from each neighborhood are automatically membersOwners from each neighborhood are automatically members
Each Association is entitled to appoint 1 representative Each Association is entitled to appoint 1 representative (President or equivalent officer)(President or equivalent officer)
Voting is Association’s allocated %Voting is Association’s allocated %
2006-2007 Organizational Structure2006-2007 Organizational Structure
Murray Lane Properties Murray Lane Properties
Common Facilities Association, Inc.Common Facilities Association, Inc.
2 Associations2 Associations107 homes107 homes
Board Of DirectorsBoard Of DirectorsHighland ViewHighland View
81 homes / 76%81 homes / 76%Robert CollinsRobert Collins
PresidentPresident
Board Of DirectorsBoard Of DirectorsWaterfordWaterford
26 homes / 24%26 homes / 24%Bob SchuchardBob Schuchard
PresidentPresident
CommitteeCommitteeSupportSupport
Pool CommitteePool CommitteeLane Wilson, ChairmanLane Wilson, Chairman
Grounds CommitteeGrounds CommitteeMario Crucini, ChairmanMario Crucini, Chairman
Pier de Jong Co ChairPier de Jong Co Chair
Hospitality/SocialHospitality/SocialCarol Horan, ChairmanCarol Horan, Chairman
Rohling Lawn CareRohling Lawn CareGround MaintenanceGround Maintenance
Daniel RohlingDaniel Rohling
Langley & TaylorLangley & TaylorPool MaintenancePool Maintenance
Taylor WhiteTaylor White
Westwood Property ManagementWestwood Property ManagementHoil Crowe / Steve PulkHoil Crowe / Steve Pulk
2006 Year In Review2006 Year In ReviewThe big story from 2006 were all the improvements The big story from 2006 were all the improvements made on our facilities!!made on our facilities!! New pool roofNew pool roof New eaves and fascia boardNew eaves and fascia board Exterior of pool house paintedExterior of pool house painted Wrought iron fencing repaired and repaintedWrought iron fencing repaired and repainted Lights added to improve safety around pool entranceLights added to improve safety around pool entrance New pool furniture New pool furniture
Minor vandalism for the yearMinor vandalism for the year
Added some flowers and other landscapingAdded some flowers and other landscaping
Expanded social activities with WaterfordExpanded social activities with Waterford
Treasurer’s Report- 2006 ReservesTreasurer’s Report- 2006 Reserves
-$424
$704
($600)
($400)
($200)
$0
$200
$400
$600
$800
Budget 2006 Year Ending
ReservesFavorable variance of $1,129
Treasurer’s ReportTreasurer’s Report6 Year Change In Reserves6 Year Change In Reserves
$64,131$70,586
$57,208
$44,350$38,764
$39,335
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
2001 2002 2003 2004 2005 2006
Reserves
Change from $64,131 to $39,335 As Of December 2006 ($24,796)Change from $64,131 to $39,335 As Of December 2006 ($24,796)Drawdown since 2002 relates to planned capital improvements:Drawdown since 2002 relates to planned capital improvements: Pool deck/pavilion floor resurfacingPool deck/pavilion floor resurfacing Re-plastering of pool interiorRe-plastering of pool interior Kiddie Pool resurfacingKiddie Pool resurfacing 22ndnd step added step added Fence repairs and upgradesFence repairs and upgrades Improved lightingImproved lighting New Pool roofNew Pool roof Replaced fascia board and full exterior paint job of pool houseReplaced fascia board and full exterior paint job of pool house
$6,455
-$13,379 -$12,857
-$5,587
$704
-$15,000
-$10,000
-$5,000
$0
$5,000
$10,000
2001 2002 2003 2004 2005 2006
Reserves
Treasurer’s ReportTreasurer’s ReportExpenditures Since 2000Expenditures Since 2000
$28,483 $27,688 $28,102
$34,347
$44,815$39,953
$31,556
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
2000 2001 2002 2003 2004 2005 2006
Expenditures
$233 $226 $230
$288
$419$373
$295
$197$222 $213
$288$256
$214 227
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
2000 2001 2002 2003 2004 2005 2006
Expense/Home Expense/Home (Without Repair)
Averages: $295/home
$231/home (without pool repairs)
Average: $31,540/Year
2007 Budget2007 BudgetWhat The Covenants Say
2007 – New Business2007 – New Business
Major capital projects are complete, except:Major capital projects are complete, except:Pool cover (recommended by Pool company and Pool cover (recommended by Pool company and
Pool Committee Chairman; Agreed upon by Pool Committee Chairman; Agreed upon by Waterford and Highland View Presidents)Waterford and Highland View Presidents)
Opening day preparation (painting of pool Opening day preparation (painting of pool house interior and ceiling)house interior and ceiling)
Increase volunteerism / succession planningIncrease volunteerism / succession planning
Increase social activities between Highland Increase social activities between Highland View and WaterfordView and Waterford
Have Fun!Have Fun!
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