Here we are starting the New Year with a new budget and we are doing so much better than last year at this time. Minimal snow removal expense, mainly ice maintenance. This is not great for skiers but is great for our new 2012 budget! This is the first time in a long time that I was happy that we did not have a White Christmas.
Our first Board of Directors meeting started with a filling two vacancies. We had 5 candidates this year that wanted to help make decisions with us. We appreciate all those who applied and their desire to serve on the board. It is not always a pleasant experience and decisions are not always popular, but everyone on the Board is dedicated to making the right decision for the future of the Association.
Our Board for 2012 is:
Michele Hodgkins, President
Joni Lusty, TreasurerRhett Larsen, Secretary
Rulon Dutson, Member at Large
Mark Hanson, Member at Large
Joshua Massey, Member at Large
Our Board Meeting in February will be an Open Meeting and hopefully you will mark February 29 at 6:00 PM on your calendar. It will be held on the second floor of the Community Center.
At this meeting, we will discuss the Reserve Study completed on our homes the end of last year. This study is mandated by the state and is to be updated every two years. It is designed to project how much and when large maintenance items will be needed on our buildings. Find out how much we have in our reserves now. Are we ready for painting, roof repairs, concrete repairs, and approximately when do we project we will need to spend the money? How do our reserves compare to other Associations in the State? How might our reserve balance affect us when we are ready to sell or refinance our homes? Do we need to start saving more and if so how much? Many questions for the Board to discuss and we need you to be aware of the questions we are addressing as the answers will not only affect you now but in the coming years.
This year, we will be asking residents to turn in questions that they want to have answered at the meeting by the morning of February 28. The Board needs time to research the correct and best answer to your question. Those who are in attendance are welcome to ask questions as well, but we may need to defer your answer for a day or two for research. We are also going to be handing out some information for you on who to call and their phone numbers-in the Association as well as at South Jordan. When we have a problem between meetings, we want to be able to avoid frustration by contacting the right person.
Michele Hodgkins, President
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