Osgood Neighborhood Meeting

July 21, 2011

6:00 PM

9-Iron Osgood Clubhouse

Osgood HOA Discussion

Welcome/Introduction

Purpose of Meeting Review of Osgood Development Review of Osgood 1st Addition Covenants Common Elements/Maintenance Transfer of Control of Covenants Creation of HOA/Bylaws Estimated Costs/Dues

Q & A

Osgood Development

Proposed Area of Osgood HOA

Covenants

Legal Document established by Developer Recorded with Cass County Recorder on May 14,

2003 Document # 1057255

Purpose To establish higher development standards than

that of the city of Fargo To address maintenance of amenities

(clock towers, perimeter fence, open space)

Covenants

Established Certain Development Standards Minimum sq ft of homes Architectural control (developer must approve all plans) Fences, sheds, drainage, mail-boxes, pets, signs,

parking/storage, etc.

Grant the Developer the Right to Assess Maintenance Fees Clock Towers Perimeter Fence Open Space (mowing) Mail-boxes

Grant the Developer the right to enforce covenants

Common Elements – Clock Towers

66th Ave S

Common Elements – Clock Towers

Osgood Parkway/63rd St

Common Elements – Clock Towers

Osgood Parkway/58th St

Common Elements – Clock Towers

44th Ave S

Comment Elements –Perimeter Fence

Common Elements – Blvd Mowing

Common Elements – Blvd Mowing

Transfer Control of Covenants

Developer willing to transfer control of all aspects of covenants except architectural control of un-build lots

Home owners would than be responsible for the enforcement of the covenants and maintenance of the amenities

HOA/Bylaws

If homeowners are willing to accept the transfer of control of the covenants:

Homeowners will need to establish a Home Owners Association (HOA)

Need to establish bylaws that provide the rules and procedures that the HOA must follow

Developer has prepared legal bylaw document

Next Steps

Assuming homeowner are willing to accept transfer of covenants Schedule 1st official meeting of HOA Nominate and elect officers Establish/collect dues Form committees (as may be needed) Consider upgrade/additions to existing

amenities Flower beds/landscaping around clock towers Establishment of a small neighborhood park

Questions