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Hickory Creek Subdivision

Home Owners Association Annual Meeting


Wednesday, April, 13th, 2011, 7:00PM
(email: hickorycreekboard@hotmail.com)
(facebook: hickorycreekhoa)

Welcome!
Hickory Creek Subdivision

Home Owners Association Annual Meeting

 Agenda:
1. Introduction of Board
2. Review of Finances
3. Subdivision Issues
4. Review of Upcoming Events
5. Election for Open Seats on Board
6. Raised Comments from Questionnaire?
7. Question/Answer Period
8. Close
Hickory Creek Subdivision

Home Owners Association Annual Meeting

1. Introduction of Board

 Pino Mancina (seat open for election)


 Mark Saunders (seat open for election)
 Ralf Hiebl
 Mark Tabacchini
 Open Position (seat open for election)
Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances
 Account Bank Balance as of April 11th, 2011:
 $28,985.29
 Account at Huntington Bank in Warren
 HOA maintains a checking and savings account.
 Does not include collection of 2011 Dues
 Finances have been well managed. Many HOA are in
critical financial condition that require increasing dues.
 Late fee change for 2011 dues: 1st month late = $15,
add $5 every other late month for a 12 month period:
June = $15+$20, July = $15+$20+$25, August =
$15+$20+$25+$30, etc.
Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)


 History of Bank Balance
Account Balance

$30,000.00

$25,000.00

$20,000.00

$15,000.00

$10,000.00

$5,000.00

$-
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Year

Account Balance
Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)


 Income Collected in 2010:
 Dues: $13,220.50
 Interest Income: $18.73
 Small Claims Court Rec: $1,039.00
 Misc: $1,767.72
 Total: $16,045.95

 Expenses for 2010:


 Attorney Fees: $1,659.07
 Xmas Lights: $604.82
 Fertilization of Grass: $500.00
 Garage Sale: $50.50
 Insurance: $1,039.00
Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)


 Expenses for 2010 (continued)
 Lawn Cutting: $2,520.00
 Entrance Lights: $0.00
 Bank Fees: $5.00
 Meeting Room fees: $75.00 (Annual Mtg)
 Misc: Tax Filing $150.00
 PO Box: $40.00
 Incorp. Fees: $20.00
 Snow Removal: $800.00
 Sprinkler Maintenance: $180.00
Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)


 Expenses for 2010 (continued)
 Stamps: $76.00
 Supplies: $48.51
 Transfer to savings: $675.50
 Gas and Electric: $675.66
 Water: $618.54
 Total Expenses: $9,737.60

 Net Income for 2010


 Total Income: $16,045.95
 Total Expenses: $9,737.60
 Net Income/(loss) $6,308.35
Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)


 Plan for reduction of Expenses for 2011
 Attempt to minimize Legal fees
 Plan for Community Xmas Light Install
 Informational letters available on new Facebook site:
“Hickory Creek HOA”….(ask to be a friend)
 Email Delivery of Newsletters and Notices
 Attempt to reduce utility consumption
Hickory Creek Subdivision

Home Owners Association Annual Meeting

3. Subdivision Issues
 Delinquent Dues from 2 Homeowners.
 Foreclosure proceedings were filed and garnishment of wages granted
granted by the
courts. Thus 4 years of dues totaling $600 has now become over $5,000 with
late fees and legal fees. As of March 31st, 2011, $5,048 has been collected.
 Foreclosure on Primm: Bank has paid portion of 2010 dues and HOA HOA to pursue
former homeowner via small claims court if new address is known.

 Foreclosures…
Foreclosures…currently 2 known foreclosure. Board in contact with Mortgage holder
holder
to press continual maintenance.
 47573 Primm (CSB Bank)
 47413 Scottsdale Ave (US Bank) (sold mid March)

 Upkeep on all homes

 Temp. Pools: will be allowed like last year as long as a Township


Township approved permit is
submitted to the HOA Board for approval prior to pool erection. Pools in violation of
this will be assessed a $5/day fine until corrected.

 Proposed new Entrance Sign


Hickory Creek Subdivision

Home Owners Association Annual Meeting

4. Review of Upcoming Events


 Subdivision Garage Sale to be scheduled for May, 2011.
This will be advertised in the local paper and our notice
board will be placed at the front entrance.
 HOA to contact Macomb County Road Commission (MCRC)
for possible concrete slab repair at front entrance.
 Plan for Halloween Hayride and Sub Get-Together for
October
 Continuation of Subdivision Newsletter twice annually via
email and facebook.
Hickory Creek Subdivision

Home Owners Association Annual Meeting

5. Election for Open Seats on Board


 Open Seats for Election:
 Pino Mancina
 Mark Saunders
 Joe Stuglin (no longer a resident)
 Nominations for Seats
 Voting
 Results
Hickory Creek Subdivision

Home Owners Association Annual Meeting

6. Raised Comments from residents?

 Xmas lights – can we light up the large pine


trees in addition to the shrubs?
Hickory Creek Subdivision

Home Owners Association Annual Meeting

7. Question/Answer Period
 HCHOA now on Facebook: Hickory Creek HOA
(ask to “be a friend” to gain access to sub documents,
newsletters, info, etc)
 HCHOA Email Address:
hickorycreekboard@hotmail.com
Hickory Creek Subdivision

Home Owners Association Annual Meeting

8. Close

Thank you for attending!