north bridge homeowners association meeting

North Bridge Homeowners Association Meeting

Thursday, November 7, 2013

Agenda• Welcome

• Meet the NBHOA Board

• Guest – Jeff Fritzen, Council Member, Town of Normal

• Treasurer’s Report

• Ongoing Projects• Beautification Committee• Welcoming Committee• Northbridge Drive

• Nominations for Board of Directors

• Proposed Irrigation Project

• February 27th, 2014 Annual Meeting

NBHOA Treasurer’s Report

$5,180.96 (*) Income (2/28/13 through 11/7/13) $18,100.00

Dues. 181 Lots x $100 $18,100.00 Expenses (2/28/13 through 11/7/13) ($12,485.07) (ǂ)

Common Area Maintenance/Beautification Insurance Community Activities & Welcoming Committee Annual Meeting Signage Office Supplies & Printing Facility Usage Corporate Filings

($9,400.66)($2,108.00)($ 380.00)($ 339.99)($ 141.42)($ 100.00)($ 15.00)

Cash Balance as of November 7, 2013 $10,795.89 (*)

2013 Year to DateNovember 7, 2013

(ǂ) – does not include accrued but unbilled expenses; (*) – includes $5,000 reserve

NBHOA Treasurer’s Report (Cont’d)

2012 2013 VarianceMowing $3,430.00 $3,430.00 (est.) $0.00Landscaping/Watering $8,146.14 $5460.66 -$2685.48Shoreline $5,400.00 $1050.00 -$4350.00

Total

$16,976.14

$9,940.66 (est.)

-$7035.48

Common Area Maintenance & BeautificationExpense Variance (2012 vs. 2013)

2013 Year to DateNovember 7, 2013

Meet the NBHOA Board

President - Phil Merritt

Vice President – Richard A. Brown

Treasurer – Matt Jontry

Secretary – Lindsey Mucciolo

Projects – Vince Addicks

Jeff Fritzen(309) 454-2186 jfritzen@normal.org

• Council Member Since 2003• Current Term 2011 – 2015

Committee assignments• Bloomington Normal Economic Development Council

Occupation Executive Vice President – BOPI, an innovative communications and marketing firm

Interests• Member, Illinois State University Athletics Weisbecker Scholarship Fund Advisory Council• Member, Illinois State University School of Communication Alumni Advisory Council• Church Elder

Ongoing Projects – Beautification Committee

Before

After

Ongoing Projects

•Welcoming Committee• Given welcome letter, plant and card to over 20 families in the

last year• Looking for volunteers

• Northbridge Drive Entrance

NBHOA – Irrigation ProposalRichard A. Brown – Vice PresidentNovember 7, 2013

PROPOSAL: IN POND IRRIGATION SYSTEM FOR THE PIPELINE ROAD ENTRANCE TO NORTH BRIDGE

RATIONALE FOR IMPROVEMENT:• N.B.O.H.A. has invested approx. $20,000 in

landscaping subject to drought impacts• Significantly enhance the entrance beauty and

improve property appreciation e.g. Royal Links quality• Water is “FREE” from So. Pond vs. similar systems

using city water @ $6,000-$16,000 annual H20 costs• Annual operating cost are minimal e.g. electricity

(est. $800) and low maintenance with submerged pump.

Board Actions

• Negotiated quote May/June with Tri-County Irrigation, Goodfield, Ill.—See layout chart stand• July meeting with Snyder Cos. to pay all costs-

rejected with minimal counter• October approach with Snyder Cos. for cost

sharing 60% Snyder/40% N.B.H.O.A.• May require a one time special home owners

assessment of $100 to $150.

Conclusion

• Continue Snyder Co discussions/negotiations• Funding resolution completion with install target

April/May 2014• Discuss project status at Feb 27, 2014 N.B.H.O.A.

annual meeting

Questions

Linn McDonald (Webmaster) http://north-bridge.weebly.com/

Thanks and Save the Date• Thursday, February 27th, 2014 – Annual Meeting• North Bridge Baptist Church – 6:30 p.m.• Election of Board Members