WELCOME

NORTH HARBOUR

2015 Annual Meeting

Today’s Agenda

• Notice of Attendance• Proof of Notice of Meeting• Police Report• Financial Report a. 2015 year in review • Election of Board of Directors • New Business a. Steven Earnhart, Attorney

b. 2016 Budget Approval • Adjournment of Meeting

2015 Accomplishments Tree Replacements at Playground

A big Thank you to the Garden Club for sharing costs and supervising the plantings.

2015 Work at the Soccer Field included large overgrowth clean up, field aeration, and new nets.

Additions and Subtractions to the Playground in 2015 and 2016

2015 benches were added to the playground and correction efforts to prevent replacement of the traffic bollards, playground was professionally inspected for safety issues, recommended items were removed and are being replaced.

2016 improvements scheduled are two equipment pieces, thicker covering and new edging along the play areas.

Roxbury Deck rebuild 2015

End of Year Projects and early 2016 • LED light conversion at Main

entrance, waterproof transformer box and housings should maximize electricity usage and increase life of bulbs.

• Continuation of Roxbury split rail fence project, 2016 is year 2 of 3 multi year effort to replace 700 feet of fencing.

Reserve Study Updated for 2015Continuity in Project Management

• Eliminates change of goals every time there is a board change, used to forecast the repair/replace schedules within the budget 30 years in advance.

A Reserve

Specialist3rd Party, physical

inspectionPlanned savings

CASI contributions for 2015 • Approximately 150 hours spent on

inspecting community for covenant compliance.

• 366 Violation letters sent, all requiring follow up

• 10 prior delinquent assessment cases pursued

• Successful collection; delinquency decreased from 2014 by $2000.00.

Neighborhood Home Sales

2014 - 46 Sales

2015 year to date - 31

A well run community stays consistent in the market. North Harbour is consistent. Thanks to proper management of funding, active owners and concerned board members.

Top 5 favored projects

23%

15%

14%

12%

10%

7%6% 5%

4%3%

NHPOAI Long Range Plan Improvement (weighted)

Tree Replacements (soft & hardwood)NH Annual Garden Club BudgetNH Entrance Improvements (East & West)Banbury Park Playground Equipment UpgradesCovenant Review (late fees, mailboxes, antennas, yards, etc)Holiday Entrance Decorations & LightsBanbury Park Pilling Removal / Re-placement

Costs related to future projects Top 5 project estimated costs examples2017 Capital Expenses planned:Sealing Roxbury Deck $2500.00Final Split rail year $3100.00Curbs Painted $1100.00

2020:Flag Pole R/R $5834.00Playground Upgrade $62,994.41

Assets must be maintained • Golf Club could determine they can

not afford to maintain the common areas at current pricing

• Trees and shrubs repair/replacement • Signage repair• All common areas need to be kept

safe or items repaired/replaced

2016 Proposed Budget

• FUND for Improvements

• FUND for Replacements

• FUND for Repairs

• CONSISTENT and Aggressive Collection Activities