Wednesday, November 24, 2010

DRAFT FY 2011 GREENS BUDGET


Please find the proposed FY2011 budget for The Greens. The proposed monthly common charge is $437.84/mo per unit (not including those units which remain on the roof loan program).

Should you have any comments or suggestions, please provide them in writing via e-mail to thegreensnewsletter@gmail.com before close of business Monday November 29, 2010.

The Board will review any comments, make changes, if necessary, and present a final FY2011 Budget for discussion and adoption at the Budget Meeting scheduled for December 2, 2010.

Thank you.


Tuesday, November 23, 2010

Parking Policy, Alarm Monitoring, Pool Area Re-Key and 2011 Budget Meeting Date



MEMORANDUM
To: Residents of The Greens
From: The Board of Directors
Date: November 17, 2010
Re: Parking Policy, Alarm Monitoring, Pool Area Re-Key and 2011 Budget Meeting Date

Dear Residents of the Greens,

Please be advised that the following notice contains information regarding important policy alterations and two notices that you should be aware of:

1. Parking Policy and Enforcement

Due to various infractions occurring on a regular basis in the Community, including overnight on-street parking, unregistered vehicles and persons parking in other Residents’ driveways, effective December 1, 2010 the Association will begin a strict towing policy for vehicles in violation.

Signs have been posted at the entrance of the community with the required retrieval contact information. Towing will be at the vehicle owner’s expense.

The parking policy can be found in Section 8.08 of your Association Declaration Covenants and Restrictions (DCR’s), as well in related sections in the Master HOA DCR’s and the Greens Rules & Regulations booklet and states in sum and substance:

Only private passenger vehicles may be parked overnight in The Greens (and the Boca Country Club). No vehicles can be parked on any roadway between 2:00am-6:00am. Trucks, pickup trucks, commercial vans, boats, campers and recreational vehicles may not be parked within the confines of The Greens (and the Boca Country Club) between 6:00pm and 8:00am. Motorcycles are not permitted in the Boca Country Club unless approved by your HOA and the Master Association. No parking on the grass is permitted at anytime.


2. Alarm Monitoring by the Master Association

As discussed at prior meetings and correspondence:

a. The Master Association will no longer be providing security monitoring as of December 31, 2010.

b. In consideration of high expense to update the current monitoring system to meet current code compliance, the Master Association has voted on an Amendment to the Master Declaration, specifically deleting Article 6.19 that requires each unit

in the community be equipped with a centrally monitored electronic security system.

c. Various private security monitoring companies are available to you should you wish to engage their services for the monitoring of your home at your own expense.


3. Pool Area Re-Key – Saturday December 4, 2010 10:00a-2:00p
(at Greens Pool)

a. As a second phase of the pool area gate security upgrading, new locks will be installed on the pool area gates and bathroom doors.
b. These locks will utilize Medico keys that cannot be duplicated.
c. Each resident will receive one (1) new key, and duplicates can be provided for. Lost or additional keys are available at a cost of $50.00 per key.
d. Homeowners more than ninety (90) days delinquent paying their Association dues or any fees assessed to their account will not be issued a key, pursuant to State statute.
e. The re-key will occur on Saturday, December 4th.
f. Keys will be available at the Pool area between 10 AM and 2 PM on Saturday, December 4th.
g. After that date, keys can then be mailed to Residents that are not able to pick-up their keys. An alternate date for pick-up on property will be announced at a future date if it becomes necessary to do so.
h. Only homeowners may pick-up these keys. Renters must be given these keys by the respective homeowners as it is the homeowners responsibility to ensure the key is not lost and is in the appropriate parties hands.

4. 2011 Budget Meeting – Thursday December 2, 2010 6:00pm

The budget meeting for The Greens will be held on Thursday December 2, 2010 at 6:00pm, at 1800 Corporate Blvd. N.W., Suite 303 Boca Raton. Upon approval by the Board, the adopted FY2011 Budget will be available upon request by contacting Down East Management Associates (manager@demamgt.com) and a copy will be placed on the Association’s weblog.
A draft of the proposed budget will be available on the Association’s weblog (thegreensnewsletter.blogspot.com) beginning on November 24, 2010. Any comments or suggestions related to the proposed budget should be sent to the Board via electronic mail thegreensnewsletter@gmail.com no later than close of business November 29, 2010.
Note that this meeting will be for the purposes of adopting the Association’s 2011 budget only. A general community meeting will be scheduled for a later date.

Financial Snapshot Month End 10-31-10


Assets (Checking/Savings): $212,153.16

A/R: $33,464.98

Budget Overage/Underage: $18073.21 under budget