Minutes of the 8/9/2018

Board of Directors Meeting 8:00 am @ River Woods Office

Townhouse Villages at River Woods HOA

Members present: Marilyn Jenkins, President; Anna Goyette, Treasurer; Ray Mincer; Don Picard, Secretary; April Bowen Vice-President; Eric Tester and  Valerie Impagliazzo

Members absent: Kevin Kresh and Dave Wahlstrom,

Others: Kimberly G. (GM-Office), Julie Ertz KA Insurance

Call to order: President Marilyn called meeting to order at 7:30 am at the River Woods Office.

Agenda:  Motion Ray, Anna seconded to approve Agenda meeting.  Approved

Insurance:  

Julie from KA insurance covered details of renewal.

·         Values raised were kept the same

·         Kept $5,000 deductible with $15,000 water deductible

·         10% increase in the package policy, markets are out of control right now many floods hurricanes and events causing a huge increase

·         Increased crime coverage to accommodate new mortgage company requirements

·         Motion April, Val seconded to accept Illinois Union, Homeland Ins. Comp., Lloyd London cover property

 Cincinnati Ins Comp (equip liability and auto and umbrella and work comp), Continental casualty (crime), Hartford Steam Boiler (pool), United states Liability Ins (Directors and officers) – all rated A to A++. Approved

·         Invoices will go out by end of next week and Due date is 9/16/19

Motion Anna, Don seconded to decline terrorism coverage. Approved

Board Positions: Unanimous motion to approve the following positions: Marilyn Jenkins, President - Anna Goyette, Treasurer - April Bowen Vice-President - Don Picard, Secretary

Other Business: N/A

Next Board Meeting Date: at the River Woods Office

Adjourn: Motion seconded to adjourn meeting at 8:00 am. Approved

Minutes respectfully submitted by Kimberly G. HOA GM

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Minutes of the July 29, 2019

Board of Directors Meeting 5:30pm @ River Woods Office

Townhouse Villages at River Woods HOA

Members Present: Marilyn Jenkins, President; April Bowen, Ray Mincer, Valerie Impagliazzo and David Wahlstrom Anna Goyette, Secretary/Treasurer and Eric Tester

Members Absent: Vice-President; Don Picard

Others: Kimberly G. (GM-Office)

Call to order: President Marilyn called meeting to order at 5:30 pm at the River Woods office.

Agenda:  Motion Ray, Anna seconded to approve Agenda for tonight’s meeting as submitted.  Approved

Minutes:

·         Motion Ray, Eric seconded to approve Minutes for 05/13/19 meeting as Amended.  Approved

·         Motion Dave. Eric seconded to approve Minutes for 06/24/2019 Annual meeting as submitted.  Approved

Business from the floor: N/A

Maintenance:

·         Major Asphalt Replacement – Area 162-213 has been completed. Driving on it is allowed but no parking. Weather will have to cool down in order to have parking on the new asphalt. Any damages to tar from improper use will be assessed to the unit involved.

·         Sidewalk Replacement Projects – This is starting later this week or beginning of next week. The crew got all small projects mostly completed.

·         Fertilizing- This will be completed this week.

·         Irrigation- The system has not been used this year due to heavy rainfall, Billing will be adjusted in the next budget for water, city had an error in billing. There is a servere break in the system we will begin to investigate in August.

Financials: Review of June Financial Reports: Motion April, Anna seconded to approve April financials as presented. Approved

·         Budgeting review and fee increase- Discussion on the projections for 2019/2020 budget. The replacement for the blacktopping had to take place 3 years early. The project was scheduled to be completed after roof completion. This will greatly impact the increase for the next fiscal year. The project in total is well over $200,000. The budget final will be reviewed upon completion.

Other Business:

·         Insurance Renewal meeting- The Board will be notified a few days prior. Meeting will be held at 8am.

Next Board Meeting Date:  Annual Meeting reserved at Mary Mother of the Church for Monday, 6/24/19 at 5:30pm

Legal: Late and Legal fee updates reviewed by the Board

Next Meeting Date: TBD based on insurance

Adjourn:

Motion Dave, Val seconded to adjourn meeting at 5:48 pm. Approved

Minutes respectfully submitted by Kimberly G. HOA GM

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Minutes of the Townhouse Villages at River Woods HOA

Annual Meeting

Monday, June 24, 2019 – 6:00 pm – Mary, Mother of the Church, Burnsville

Call to Order: By Marilyn Jenkins, Board President at 6:00 pm. Board members introduced themselves by name and unit number.

Quorum: (10%=33 units) we have reached a quorum with more than 33 units by proxy or in person at the start of the meeting.

President: Thank you for taking the time to come to the 2019 Annual Meeting.

Units represented in Person: 10, 19, 20, 23, 25, 49, 59, 70, 71, 90, 96, 126, 135, 149, 150, 156, 166, 174, 183, 196, 201, 203, 210, 222, 230, 240, 245, 250, 262, 263, 264, 266, 267, 270, 275, 277, 278, 282, 285, 286, 291, 308, 311 and 321

Units represented by Proxy: 322, 333, 276, 225, 226, 254, 200, 209, 218, 219, 220, 142, 173, 109, 116, 128, 54, 72, 79, 81, 93, 14, 17, 29 and 47

Others Present: Loren P., Grounds Manager; Kimberly G., GM; Sarah M. Assistant and Julie E. and Holly S. from Kraus Anderson Insurance

Election of Board of Directors: KG/Committee

• Call for nominations from the floor.
• There are no nominations from the floor.
• Kimberly called to close nominations from the floor.  Motion 263 Alice, 285 Betsy seconded to close nominations from the floor. Approved
• Kimberly called for collection of Ballots.
• Election Results:    April Bowen, Kevin Krech and Don Picard are elected  for a 3-year term. Congratulations!

• Insurance was sent for bidding in May. We are expecting proposals in beginning of August. The market is currently running with a 12-18% increase. There will be a letter going to all owners shortly that will ask you to provide the most current mortgage information on your townhouse.

Insurance coverage currently is:

Agent -Kraus Anderson – “All In” coverage $5000 Deductible $15,000 water/sewer deductible

In need of Certificates - call Elysia 952-707-8220

Claims - call Lori 952-707-8218 – For all claims, call the River Woods office first.

For dissatisfaction with claim response or service, call the HOA office. Each homeowner should carry an HO6 for contents/upgrades/deductible of $15,000.

 Julie discussed what the master policy covers property value, liability for common areas, pool, automobiles, additional equipment, workman’s comp, crime (association theft), directors/officers and umbrella liability. Julie explained that River Woods has a very limited market for their type of risk due to such cost factors as: age of structures, density of units, vast acreage and pool. As there have been minimal claims at the present time, Julie estimated an increase high single digit for next year. She reviewed HO6 policies, which cover owner’s belongings, owner’s liability, improvements and betterment's vs standard grade construction and should have loss assessment endorsement (gap between HO6 and master policy deductibles). Current deductibles: $5,000.00 per occurrence, except for water damage, for which the deductible is $15,000.00. Each homeowner is responsible for purchasing their own HO6 policy. The HO6 policy should include the contents you move in with as well as the cost of improvements you have made to the unit beyond contractor grade material. October 1^st renewal of the master policy, invoicing to be sent first week of August. Letters to homeowners to verify information for insurance purposes will be mailed out next week. The Board has a policy in place that the master insurance policy is not provided to owners, rather a Certificate of Policy Insurance will be sent to each homeowner. Please retain it for your own records. Any questions regarding our master insurance coverage should be directed to the HOA office and the Kraus Anderson agent as needed.

 Maintenance Overview: Loren P

• Pool – how did start up go
• Asphalt – Big project in 162-213, it will be done ½ in 2019 and the other half in 2020.
• Sport Court rejuvenation – completion by the end of this week.
• Roof replacement - we completed 4 buildings this spring. Next round will be next spring.
• Pond treatment plan- Once level lowers, they will be treating.
• Painting and power washing- Review the facts and how it is going. Power washing does not destroy wood siding. Rotted wood break ups when power washed. If the wood is that rotted it is way past the time to repair. Many comments of “look what the power washers did”  – however it should be “look at all of that rotted siding.” This process will hopefully lead to buildings that hold their paint and repairs made timelier by owners.
• Recycling guidelines reviewed.

 GM Report: By Kimberly G

• Legal- There is no pending litigation for or against the association currently other than the collection of fees.
• Delinquencies- Past-due assessments (fees-late charges-fines-legal-court ordered) past due - effective 6/24/2019 3pm of business day. Include the following units past due more than current months assessments: 12, 71, 86, 102, 110, 112, 118, 129 and 265

1.      Total money owed as of today is $12,991.99 which is #9 units with a balance beyond this month’s assessments. LY same time $ 33,593 which is # 21 units

2.      Monthly assessment currently is $299.00 per month per unit. Our fiscal year runs from November 1^st to October 31^st.

• Night to Unite Volunteers Needed – will be not be held -we had 1 email and three who called but never sent the email. 2020 we would like to do this for owners – however we need people on it early. We would like volunteers for a committee 10 plus people dividing up responsibilities and this should begin in March. Volunteers are to send an email by January 31^st, 2020 and the committee will have first meeting in March.

 Q&A – Questions were asked throughout the meeting during agenda topics.

 A HUGE thank you goes out to the Board and the committees for their service, time and dedication to the Association and to continually make decisions based on the WHOLE Association and not just one unit or area!

 Board positions will remain the same until the next Board meeting.

 Adjourn: Motion 263 Alice, 25 Sarah seconded to adjourn the 2019 Annual Meeting at 7:40 pm. Approved

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