Welcome!
Hickory Creek Subdivision
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
1. Introduction of Board
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
$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
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)
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
8. Close