Bullet Points – August 30, 2003

Outstanding issues:

• Dues – Legacy owes $1,684.74 in un paid dues for July and August for 3 units.

History:

It is not legal for the management team to make a special arrangement with one owner over another.

The hoa budget for 2003 included all 33 units as required by the ccrs. The Hoa was financially stressed during the 2002 because the budget put together by legacy for new units did not cover all expenses (i.e.: sewer) for the new units paying dues into the hoa in 2002.

Legacy did not pay dues for 2003 until a lien was placed on their units. Legacy needed to clear these liens for closings on these units.

Non-payment by Legacy put the Hoa finances in the red through May. We spent all our reserve dollars on the operating budget. In May when Legacy paid the dues they owed, we restored the reserve and paid outstanding debt.

• Expenses paid by Legacy and billed to the Homeowners:
• In good faith we paid legacy $1966.78 towards the expenses they sent to us for 2003. We still have not received invoices for the common electric.

Item		Legacy billed to HOA		HOA payment to Legacy
	Common Electric 8 plex		647.74	487.74	(-$ 160 for sat - jan thru april)
	Common Electric 8 plex		503.13	503.13
	House meters 5 plex		185.38	185.38
	Fire monitoring fees buildings 1,2,3		299.08	249.08	(-$ 50 late fees)
	Fire monitoring fees buildings 1,2,3		71.90	61.9	(- $10 late fees)
	Fire monitoring phone lines		394.68	394.68
	Fire monitoring phone lines		70.14	70.14
			2,172.05	1952.05	2003 to date paid to Legacy
				14.73	2002 adjustment paid to Legacy
				1966.78	Total Paid to – July 16, 2003

• Tax bill for 2002 on common area of $988.95 from Legacy to HOA
• HOA is exempt from taxes on common areas. Legacy needs to fix this with the county.

• Warrantee information on Legacy’s construction of common areas:
• Water pipes
• Electrical plan
• Pool / recreation area
• Roadwork
• Exterior of buildings (roofing, siding)

• Survey Information for our records for all buildings and common areas:
• Water plan map
• Electrical plan map

• Removal of unneeded fire alarm system.
• Correct contractors error and lay conduit need to connect buildings correctly
• Reimburse homeowners for the dollars they spent $2,558.47 (through July)

• Resolve cost to homeowners for common electric to run the Legacy profit center satellite system.
• Install separate meter for the room the system occupies

• Access to Clubhouse and Recreation Areas

History:

Legacy committed to new unit owners that they would have access to an “Owners Clubhouse” in December of 2002. These owners were also told that they would have access to a pool in June of 2003.

· Homeowners would like to have a real timeframe for completion of these commitments

· Access to the Tennis Courts-The new fence around the pool has blocked access to the tennis courts.

o When will we have access again?

• Completion of Landscape
• Phase 4 (unit 27-34) has been complete since November 2002. Landscaping was committed for spring.
• 2003The clubhouse has been complete since January 2003. Landscaping was committed for spring 2003.
• Replacement of warrantee sprinklers, tree and shrubs – some repairs completed last week. We would like to verify status.
• Homeowners would like to have a real timeframe for completion of these commitments

• Repairs to asphalt and concrete
• There are a few areas around the complex that have been torn up for contrcution.
• Homeowners would like to have a real timeframe for completion of repairs to these areas.