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Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 15 th, 2006.

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Presentation on theme: "Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 15 th, 2006."— Presentation transcript:

1 Murray Lane Properties Common Facilities Association, Inc. Annual Meeting February 15 th, 2006

2 Agenda Introductions Approval of preceding meeting's minutes Association Overview Reports of Officers Reports of Committees Unfinished Business New Business Adjournment

3 Overview What Is The Murray Lane Properties Common Facilities Association, Inc.? A Tennessee non-profit corporation created in 1989 Establishes certain shared recreational facilities (i.e. the pool and pavilion) for the benefit of “Constituent Associations”  Originally no more than 250 lots nor more than 7 homeowner associations

4 Overview Ownership & Governance Two “Constituent Associations”: Highland View and Waterford Owners from each neighborhood are automatically members Each Association is entitled to appoint 1 representative (President or equivalent officer) Voting is Association’s allocated %

5 Organizational Structure Murray Lane Properties Common Facilities Association, Inc. 2 Associations 107 homes Board Of Directors Highland View 81 homes / 76% Gil Hutchinson President Board Of Directors Waterford 26 homes / 24% Wayne Stephens President CommitteeSupport Pool Committee Lane Wilson, Chairman Langley & Taylor Pool Maintenance Taylor White Grounds Committee Pier deJong, Chairman Orange Appeal Grounds Maintenance Sean Orange Hospitality/Social Carol Horan, Chairman Westwood Property Management Hoil Crowe / Steve Pulk

6 2005 Year In Review The big story from 2005 is that it was a quiet year!  No major repairs!  No damage due to vandalism! Planned renovations completed included:  Re-plastered the interior surface of the pool  Added second set of step Added some flowers and other landscaping Expanded social activities with Waterford

7 Treasurer’s Report Reserves

8 Treasurer’s Report 5 Year Change In Reserves Change from $64,131 to $38,630 ($25,501) Drawdown relates to planned capital improvements:  Pool deck/pavilion floor resurfacing  Re-plastering of interior  Kiddie Pool resurfacing  2 nd step added  Fence repairs and upgrades  Improved lighting

9 Treasurer’s Report Expenditures Since 2000 Averages: $295/home $232/home (without pool repairs) Average: $31,538/home

10

11 2006 – New Business Major capital projects are complete, except:  Roof (Should have at least another year)  Projects already in progress (lights and some landscaping) Opening day preparation (painting of doors and ceiling) Increase volunteerism / succession planning Increase social activities between Highland View and Waterford

12 Have Fun!


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