ANNUAL GENERAL MEMBERSHIP MEETING JANUARY 9, 2018 MARTINEZ ELEMENTARY
ANNUAL MEMBERSHIP MEETING AGENDA I. II. III. IV.
Call to Order Verification of Quorum President’s Introductions Approval of January 11th 2017 Annual General Membership Meeting Minutes (Derika Hacker) V. Reports of Officers • President – Derika Hacker • Treasurer – Norm Wakerley VI. 2018 Board Of Directors (BODs) Elections VII. Resident’s Open Forum (3-5 minutes/topic) IX. Adjournment
ANNUAL GENERAL MEMBERSHIP MEETING I. Call to Order- President Derika Hacker II. Verification of Quorum/Proxies • Ask for total count of proxies and members present in-person • The total count will be announced to determine if quorum requirement of 10% has been met.
2017 BOARD OF DIRECTORS INTRODUCTIONS III. 2017 Board Of Directors (BODs) Introductions-President • President- Derika Hacker • Vice President- Jim Beckham • Secretary – Candy Brooks • Treasurer- Norm Wakerley • Director- Katie Kennedy • Director-Amy Ellison • Director- Terry Knoke
ASSOCIA COLORADO INTRODUCTIONS • 2017 Nor’wood Recreation Association #1 • Management Company: Associa Colorado • Community Manager: Kimber Solberg Ksolberg@associacolorado.com
• Office Manager: Diane Hampson Dhampson@associacolorado.com
• Office Ph #: (719) 473-5000 • Address: 5225 N Academy Blvd #200
IV. Secretary’s Report- Candy Brooks •
Motion to approve the 2017 Annual Meeting Minutes • Included in the Meeting Mailer
2017 NORWOOD PRESIDENT’S REPORT Board Mission Statement: "To enhance the quality of life and promote the wellbeing of the Association community via efficient and effective Association management.”
**Please hold all questions until the Membership’s
2016 NORWOOD PRESIDENT’S REPORT STATISTICS ➢ We currently have 506 homes in a neighborhood.
➢ The Recreation Association of Nor’wood #1 is responsible for park, pool, tennis courts, volleyball courts. ➢ As an added bonus, we have added community events: ➢ Easter Egg Hunt (152 kids) ➢ Opening Pool Picnic/End of Season Picnic (140) ➢ Kids Carnival (156 kids) ➢ Movie in the Park Nights ➢ July 4th BBQ (565 fed, 310 households)
2016 NORWOOD PRESIDENT’S REPORT
➢ 3 Most Important Factors to Home Buyers when choosing a neighborhood: ➢ Quality (60 percent) ➢ Convenience to job/schools (43 percent) ➢ Affordability (40 percent)
(Home Buyer and Seller Generational Trends Report 2017 by National Assoc. of Realtors)
FACILITY UPDATES • Purchased & installed an outdoor bulletin board* • Painted fence around the pool* • Repaired fence posts • Removed horse-shoe pits • Purchased pop-up tents for our summer events • Replaced pump attached to boiler* • Purchase Life Guard chairs*
*Reserved money used for these items.
POOL MANAGEMENT SERVICES The 2017 board contracted pool management services with Mountain Shadow Management (MSM) for the second year. MSM directly handled contract employee staffing, payroll and pool and facility management, etc. at a cost reduction to the Association.
The addition of an onsite Nor’wood Pool Manager greatly helped with the consistency and overall running of the pool this summer. The 2017 board renewed the MSM contract for 2018 pool season.
**Please hold all questions until the Membership’s open forum.**
THANK YOU 2017 VOLUNTEERS • Anna Seder • Ginny Hall • Erin Beth Ponsor
• Mel & Darlene Cramm • Dave & Charlyn Smith
• Gil & Susan Bierman
2017 NORWOOD PRESIDENT’S REPORT “THANK YOU” • Norwood Board of Directors Team • Association Membership • Associa Team • 2017 Facility/Pool Managers • Mountain Shadow Management • 2017 Pool Staff/Lifeguards
2017 NORWOOD TREASURER’S REPORT Norm Wakerley January thru December 31, 2017 Operating Balance:
$33,459
Reserve Balance:
$99,642
Total Assets: ($550,000.00 for property and equipment)
$683,100
YTD Total Income: YTD Total Expenses: YTD Budget Variance
$171,719 $167,047 $4672
YTD Reserve Expenses: $7,331
$1440 $618 $2286 $2987
Life Guard Chairs Bulletin Board Replace Boiler Pump Paint Pool Fence
2017 NORWOOD TREASURER’S REPORT 2018 BUDGET AND ASSESSMENTS
➢ The summary of the 2018 budget was included in the annual mailer to all owners. ➢ The Annual Assessments have increased to $360/yr. Assessments are due by Feb 15th 2018. The assessment invoice was included in the annual meeting mailer packet.
➢ Motion to approve the 2018 Annual Budget
2017 NORWOOD TREASURER’S REPORT Norm Wakerley Reserve Summary January 1, 2017
$80,586
Spent in 2017
$7331
Added in 2017 @ $1300 per month (interest - $145)
$15,745
Transferred from Ops in December 2017
$10,000
Expected December 31, 2017 Balance
$99,000
To Be Added @ $2500 per month in 2018
$30,000
Expected 2018 Expenses (partial pool chair replacement)
$5,000
Projected December 2018 Reserve Total
$124,000
NORWOOD RESERVE STUDY In October 2015, the NW Board commissioned Aspen Reserve Specialties to complete a comprehensive 30 year facilities infrastructure study. The study provides a ‘road map’ for future capital expenses and serves as a guide for funding needs for all future board members.
The full detailed report is available on the website for review.
FUTURE POOL RESURFACING PROJECT
2018 BOD ELECTIONS VI. Election of Board Members • All 7 Board Members terms are 1 year • 4 current Board Members are seeking reelection to provide “continuity” • Norm Wakerley, Derika Hacker and Candy Brooks and Terry Knoke are nominees • 1 new candidate: Matt Waddell
2018 BOD ELECTIONS New candidates: • Board member must be willing and able to meet at minimum every month and also available by email between board meetings. •President will call for nominations from the floor
COMMUNITY DISCUSSION/ OPEN FORUM
VII. Membership Open Forum • Please state your name and address • 3-5 minutes per topic •Next Board Meeting is February 8th 2018
ADJOURNMENT VIII. Adjournment- President • As the 2017 President, I propose a motion to adjourn this General Membership Meeting
Thank You For Attending!