Thank you to all who attended the Annual HOA meeting on Tuesday, December 11th. Key points from the meeting:
2019 Dues and Operating Budget - The Treasurer reported that we are in a sound financial position. The annual due increase last year was applied to our reserve fund to ensure that we have ample funding for future needs. The dues for 2019 will remain at $485. Payment information will be forthcoming. The operating budget includes $4,000 for community signage (at entrance off of 35th at 128th and 129th) and $10,000 for overall community landscaping improvements.
Community Management Company - The board has signed a one year contract with Port Gardner Property Management based in Everett. PGPM will replace Real Manage as our community management company starting January 1, 2019. Contact details will be coming soon.
Rental Cap - It was discussed and approved by members in attendance that we will establish a 10% (8 homes) rental cap within our community. There will be exceptions for owners who are facing financial hardship. We currently have 6 rental properties within our community.
Landscaping Improvements - The board president has been working tirelessly to secure a bid that is competitive and comprehensive to address the landscaping needs of our community. The scope and cost of the project is significant. More details will be coming regarding the projects included and the cost. The goal is to have our common grounds reflect the quality of our neighborhood and be a point of pride for our residents.
Newsletters - Quarterly Newsletters will be initiated in January 2018 and will include an HOA meeting schedule for 2019.