Saturday, October 4, 2003
10:00 a.m.
Zionsville Municipal Services Building
1.
Call to Order
Jon Peterson, President of the
Huntington Woods Homeowners Association, opened the meeting and introduced the
current board members.
All current board members and
12 homeowners attended the meeting.
2.
Summary of Financial Performance
Chris
Caniff , Treasurer of the Huntington Woods
Homeowners Association, presented the
2003 budget, 2003 comparison to the Revel Budget and a year to date actual to
budget comparison.
Highlights:
Refunds to the Huntington
Woods Homeowners Association form over payments in 2002: $4,061
Assets as of August 31, 2003:
Checking Account 16,722.42
Reserves Account
2,573.07
Total Checking /
Reserves 19,295.49
Due to cancellation of Revel
& Underwood management contract, refunds and change in landscaping contract
and insurance the net income increased to $5,661 (YTD August) from a loss of
($3,561) in 2002.
Details of the budget can be
viewed by logging on to http://www.huntington-woods.com/index.cfm
3. Old
Business
·
Covenants,
Section 9.a. Vehicle Parking
Chris Caniff presented the Homeowners Association Board of Directors’ view on the Covenants, Section 9.a. Vehicle Parking. The proposed amendment to the covenants regarding vehicle parking was tabled at the last homeowners annual meeting. The current board has discussed this issue at length without being able to come up with a solution that would satisfy all homeowners. Hence the current regulation is still in place: No camper, motor home, truck, trailer, boat or disabled vehicle may be parked or stored overnight or longer on any lot in open public view. The Homeowners Association Board of Directors is charged with enforcing the covenants for the Huntington Woods neighborhood. However, the board would prefer to start a dialogue with the homeowners that are in violation of the existing covenants bring this issue to a resolution that would be acceptable to the majority of the homeowners.
All homeowners affected by this covenant are invited to participate at the next board meeting. Details of the meeting will be posted at the Huntington Woods web site.
·
Irrigation
System for Common Areas along Ford Road
The Homeowners Association Board of Directors was seeking approval to move forward with the installation of an irrigation system for the common area along Ford Road as soon as the financial situation allows (minimum of $7,000 cash balance after payment for irrigation system). Current quotations for the installation are about $15,000.
After
discussion with the homeowners present it was agreed by majority vote to
postpone the decision on the implementation until all quotations are received
and a detailed cost / benefit analysis has been completed. This analysis should
include a comparison of the cost of watering the common area by trucks versus
the cost of running an irrigation system. A special meeting will be called to
vote on the irrigation system when appropriate.
4. New
Business
·
Speed
Limit Signage
Mike
Latz presented an update on the traffic signs to be installed in the Huntington
Woods neighborhood. The board’s proposal was to place two speed limit signs adjacent to the common areas of Block B on Sullivans Ridge
and Block D on Huntington Woods Road. In addition a YIELD sign will be placed
at the entrance road, giving the loop road the right of way. The speed limit
signs will be posted once the Zionsville town ordinance limiting the speed on
all neighborhood roads to 25 mph has been approved. The signs will be paid for
by the Huntington Woods Homeowners Association to ensure that they are
aesthetically pleasing and of a lower height than the standard traffic signs.
It was suggested and agreed on
at the annual meeting to place an additional speed limit sign in the common
area at the entrance to Huntington Woods.
·
Open HOA
Board positions
With the resignation of Terry Davies from the Board of Directors two open board positions were available. Todd Pierson joined the board and will work together with Mike Latz as the board’s focal point for the mold issue. No volunteers were found during the meeting for the last vacant board position. After the meeting adjourned Lisa Tabor agreed to join the board. Thanks and welcome to the new board members.
·
Architectural
Review Committee Report
Tim Isle introduced the architectural review board (Tim Isle, Mike Latz, Tom Longest). Eight requests for architectural review have been received during the year. All eight requests were reviewed and approved within a week. The application form for architectural change can be downloaded from the Huntington Woods web site or obtained from any member of the architectural review board. The review board is committed to a quick turnaround for all review requests.
·
Mold
Update
Mike Latz presented an update on the mold issue. The board is willing to act as a source of information on the issue, but is not representing individual homeowners’ interests against Trinity. The board recommends that all homeowners who have not yet done so arrange for a home inspection with Trinity. The contact at Trinity to arrange a free home inspection is Mary Stevens (phone 805 7282).
A
delegation of board members will meet with Trinity on Tuesday, October 7th
to obtain more information from Trinity on their testing and remediation plans.
A summary of the discussion with Trinity will be posted on the Huntington Woods
web site as soon as possible.
5.
Other Business
No other business brought forward.
6.
Adjourn
Jon Peterson closed the meeting at 11:15 am.