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LPHTA – Asphalt Survey 1 – 2009-7: vote results highlighted in yellow

http://www.surveymonkey.com/s.aspx?sm=cDwtaWmMr_2bMkge_2f_2bNOHdtQ_3d_3d

2. Based on the actual costs and long-term impact of either choice as explained above, I vote for:
1. Entire resurfacing creating a brand new lot, for $27,636. 12
2. Patching the problem areas only, for $4,418. 18 – 60%
3. If you voted for an entire new parking lot at a cost of $27,636, and that our Reserve Fund currently has
$35,505 in it, how would you prefer that we pay for this new lot?
1. We can pay for this new lot entirely out of our Reserve Fund, leaving us a Reserve Fund balance of only $7,869. 4
2. We can pay for this new lot out of our Reserve Fund, and we can increase our monthly dues by an additional $75
per month (raising them to $160 per month) for the following 12 months, beginning within 1 month, and that increase
will pay for the entire new lot, and restore the $27,636 back into our Reserve Balance. At the end of this 12 month
period, we can reduce our monthly dues back to their previous level. 2
3. We can pay for this new lot out of our Reserve Fund, and we can increase our monthly dues by an additional $75
per month (raising them to $160 per month) for the following 6 months, beginning within 1 month, and that increase will
pay for half of the new lot, and our Reserve Balance will pay for the other half of the new lot, reducing our Reserve
Fund balance to $21,687 at the end of the 6 month period. At the end of this 6 month period, we can reduce our
monthly dues back to their previous level. 2
6. We can pay for our new lot with a 50% Reserve Fund draw down, and a 50% assessment. This will reduce our
Reserve Fund balance by $13,818, from the current $35,505 to $21,687. The per-unit assessment amount of $430
would be paid in full within 6 months. 4
4. If you voted for asphalt patching only at a cost of $4,418, and that our Reserve Fund currently has $35,505
in it, how would you prefer that we pay for asphalt patching?
1. We can pay for this asphalt patching entirely out of our Reserve Fund, leaving us a Reserve Fund balance of
$31,087. 14 – 78%
4. We can pay for our new lot via 50% Reserve Fund and 50% assessment. This will reduce our Reserve Fund
balance by $2,209 to $33,296. The per-unit assessment amount of $70 would be a one-time assessment due and
payable in full within 2 months. 4
5. Our parking lots were last seal coated, crack filled, and restriped on June 2007, at a then cost of $3,500.
Would you prefer to have the asphalt seal coating redone later this summer, after the asphalt is repaired or
resurfaced, or would you prefer that we put this off until late spring or early summer of 2010?
I prefer that the asphalt is seal coated, crack filled, and restriped later this summer of 2009. 6
I prefer that we wait until late spring or early summer of 2010 to have this done. 18 – 75%
8. Decisions regarding our maintenance events and the payment methods for each of them, can be decided by
the Board without seeking owner input, beyond any input that may be solicited from and provided by any
owner who attends any Board meeting concerning any particular maintenance event. Upon these maintenance
occasions, owners can be notified by email of the costs and the payment plan that the Board had selected. These
actions are completely legitimate, and within the scope and authority of the Board, which authority is provided to the
Board by our Bylaws. My question is, would you prefer that the Board make these decisions in the future without
owner input, or do you prefer the ability to voice your opinion, such as the opportunity provided to you by this (and
future) surveys, as well as voicing opinions and concerns at periodic meetings?
2. Regardless of what authority the Board is granted by our Bylaws, since you are spending my money, I certainly
prefer and appreciate the opportunity to voice my opinion, and provide input into this process. 30 - 100%
9. How would you rate this survey?
it is very clear and understandable. it provided me all of the information I need to make an informed decision. 17 -
68%
It is somewhat clear and understandable. I could have used more information about asphalt repair or resurfacing, to
assist me in making an informed decision. 8

All vote totals can be reviewed and verified upon request by appointment at any internet terminal location with
your Board President. Individual votes will not be released to anyone. Any selections that received no votes
were removed from these results.