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Provide. RBOA INC 2012 ANNUAL MTG. Niceville City Hall 7:00 PM 6 March 2012. RBOA INC. Welcome -- thanks for coming Your participation in conduct of RBOA is greatly appreciated 402 members strong Board of Directors, Committees All Volunteers. AGENDA. CALL TO ORDER - PowerPoint PPT Presentation
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Niceville City Hall7:00 PM6 March 2012
RBOA INC 2012 ANNUAL MTG
RBOA INCRBOA INC
Welcome -- thanks for coming Welcome -- thanks for coming
Your participation in conduct of RBOA Your participation in conduct of RBOA is is greatly appreciatedgreatly appreciated
402 members strong402 members strong Board of Directors, Committees Board of Directors, Committees
All VolunteersAll Volunteers
AGENDAAGENDA
CALL TO ORDERCALL TO ORDER QUORUM VALIDATIONQUORUM VALIDATION ANNOUNCEMENT OF STANDARDSANNOUNCEMENT OF STANDARDS ELECTION OF DIRECTORSELECTION OF DIRECTORS COVENANT AMENDMENTSCOVENANT AMENDMENTS TREASURER’S REPORTTREASURER’S REPORT PROPOSED 2012 BUDGETPROPOSED 2012 BUDGET COMMITTEE REPORTSCOMMITTEE REPORTS OPEN DISCUSSION OPEN DISCUSSION
BOARD OF DIRECTORSBOARD OF DIRECTORS
PRESIDENT PAUL MARYESKIPRESIDENT PAUL MARYESKI VICE PRES AL HABERBUSCHVICE PRES AL HABERBUSCH TREAS/SEC LINDA BLYTHETREAS/SEC LINDA BLYTHE ENVIRONMENT BILL PATRICK ENVIRONMENT BILL PATRICK ARCHITECTURE PAUL MARYESKI*ARCHITECTURE PAUL MARYESKI* COMPLIANCE AL HABERBUSCHCOMPLIANCE AL HABERBUSCH MAINTENANCE SHAWN BEAUCHAMP MAINTENANCE SHAWN BEAUCHAMP
*acting*acting
SPECIAL THANKSSPECIAL THANKS ARCHITECTURAL CONTROL ARCHITECTURAL CONTROL
COMMITTEECOMMITTEE PAUL GRIMMIG, BILL OSTHOFF, & PAUL MARYESKIPAUL GRIMMIG, BILL OSTHOFF, & PAUL MARYESKI
WEBSITE MANAGEMENTWEBSITE MANAGEMENT MICHAEL & JONI MCCAINMICHAEL & JONI MCCAIN
BOOK KEEPINGBOOK KEEPING MICHELLE ATKINSON (ON CONTRACT)MICHELLE ATKINSON (ON CONTRACT)
LANDSCAPING LANDSCAPING PRO EARTHSCAPES (ON CONTRACT)PRO EARTHSCAPES (ON CONTRACT)
SPECIAL THANKSSPECIAL THANKS LAWN MAINTENANCELAWN MAINTENANCE
S & P LAWN SERVICE (ON CONTRACT) S & P LAWN SERVICE (ON CONTRACT) TAX ACCOUNTANTTAX ACCOUNTANT
STEPHEN SHELTON, CPASTEPHEN SHELTON, CPA ENTRANCE LIGHTINGENTRANCE LIGHTING
DESTIN LIGHTINGDESTIN LIGHTING LEGAL ASSISTANCELEGAL ASSISTANCE
BECKER & POLIAKOFF (ON RETAINER)BECKER & POLIAKOFF (ON RETAINER)
SPECIAL THANKSSPECIAL THANKS
LEGAL ASSISTANCELEGAL ASSISTANCE BECKER & POLIAKOFF (ON RETAINER)BECKER & POLIAKOFF (ON RETAINER)
JOHN ANDRLEJOHN ANDRLE GETTING THE WORD OUT (LAKE GETTING THE WORD OUT (LAKE
MATTERS)MATTERS)
PURPOSE AND POWER OF THE PURPOSE AND POWER OF THE ASSOCIATIONASSOCIATION
““This Association is non-profit, does not This Association is non-profit, does not contemplate pecuniary gain or profit to contemplate pecuniary gain or profit to the members thereof. The specific the members thereof. The specific purposes for which it is formed are to purposes for which it is formed are to provide for maintenance, preservation and provide for maintenance, preservation and architectural control of the residential architectural control of the residential properties and to promote the health, properties and to promote the health, safety and welfare of the residents of said safety and welfare of the residents of said properties.” (Article III of the By Laws)properties.” (Article III of the By Laws)
ROCKY BAYOU OWNERSHIP ROCKY BAYOU OWNERSHIP ASSOCIATIONASSOCIATION
QUORUM VALIDATION (26% of 402 = 105)QUORUM VALIDATION (26% of 402 = 105)
ANNOUNCEMENT OF STANDARDSANNOUNCEMENT OF STANDARDS
ELECTION OF DIRECTORSELECTION OF DIRECTORS 7 TOTAL: 5 NEEDED FOR QUORUM, 4 MUST 7 TOTAL: 5 NEEDED FOR QUORUM, 4 MUST
VOTEVOTE NOMINATIONSNOMINATIONS RESULTS -- RESULTS --
COVENANT AMENDMENTSCOVENANT AMENDMENTS
COVENANTS COVER EACH OF 13 UNITSCOVENANTS COVER EACH OF 13 UNITS Each has expiration dateEach has expiration date Legal steps required to extendLegal steps required to extend
UNIT 3 COVENANTS EXPIRE 15 MAR 2012UNIT 3 COVENANTS EXPIRE 15 MAR 2012 Sharon, Ruckel, Wava & Kristin CircleSharon, Ruckel, Wava & Kristin Circle Majority of 67 property owners must formally Majority of 67 property owners must formally
approve extensionapprove extension Letter with ballot sent in Jan 2012Letter with ballot sent in Jan 2012 Status:Status:
COVENANT AMENDMENTSCOVENANT AMENDMENTS
UNIT 1 COVENANTS EXPIRE UNIT 1 COVENANTS EXPIRE DEC DEC 20132013 FOREST ROAD, SHARON, MARION, GOLF FOREST ROAD, SHARON, MARION, GOLF
COURSE COURSE UNIT 2 COVENANTS EXPIRE UNIT 2 COVENANTS EXPIRE SEPT SEPT
20132013 FOREST ROAD, COLLEGE BLVD, DIANE, FOREST ROAD, COLLEGE BLVD, DIANE,
IRENE CT, CARR, JASON, LAKE AMICKIRENE CT, CARR, JASON, LAKE AMICK
TREASURER’S REPORTTREASURER’S REPORT
$44K Annual Program$44K Annual Program 402 mbrs x $110402 mbrs x $110
Money Mkt: $20,100 Money Mkt: $20,100 Checking: $2,500Checking: $2,500 Dam Fund: $5,400Dam Fund: $5,400
____________
$28.000*$28.000*
*as of 31 Dec 2011 *as of 31 Dec 2011
*as of 31 Dec 2010 ($31,100)*as of 31 Dec 2010 ($31,100)
2012 Annual Budget2012 Annual Budget Income Income
Annual DuesAnnual Dues $44,220$44,220 Interest/DonationsInterest/Donations 600 600
Total incomeTotal income $44,820$44,820 Expenses Expenses
Accounting Accounting 3,000 3,000 AdministrativeAdministrative 1,200 1,200 Grounds KeepingGrounds Keeping 8,000 8,000 InsuranceInsurance 6,000 6,000 LandscapingLandscaping 6,500 6,500 Legal & Professional 6,500Legal & Professional 6,500 Newsletter 1,000Newsletter 1,000 Projects 3,000Projects 3,000 Repairs & Maintenance 1,500Repairs & Maintenance 1,500 Entrance Ways 1,000 Entrance Ways 1,000 Taxes Taxes 500 500 Utilities (elect/water)Utilities (elect/water) 5,500 5,500 Other (web site)Other (web site) 125 125
Total Expenses Total Expenses $43,825$43,825
Net Gain (Loss)Net Gain (Loss) $ 995 $ 995
DUES INCREASEDUES INCREASE
NEEDED TO REPLENISH WORKING CAPITALNEEDED TO REPLENISH WORKING CAPITAL TO CONTINUE WITH PROJECTS/IMPROVEMENTSTO CONTINUE WITH PROJECTS/IMPROVEMENTS
BOARD OF DIRECTORS TO ADDRESS IN 2012BOARD OF DIRECTORS TO ADDRESS IN 2012 HELP US PROVIDE OPTIONS/RECOMMENDATIONS HELP US PROVIDE OPTIONS/RECOMMENDATIONS BOD CAN INCREASE DUES BY 10% ANNUALLY BOD CAN INCREASE DUES BY 10% ANNUALLY
WITHOUT MEMBERSHIP APPROVALWITHOUT MEMBERSHIP APPROVAL CONSIDER LAKE EFFECT (HENDERSON DAM 2005)CONSIDER LAKE EFFECT (HENDERSON DAM 2005)
ALL RBOA PROPERTIES ASSESSED $97ALL RBOA PROPERTIES ASSESSED $97 HENDERSON LAKE PROPERTIES CONTRIBUTED APPROXHENDERSON LAKE PROPERTIES CONTRIBUTED APPROX
$2,000 EACH (50 OF 56 PROPERTIES) $2,000 EACH (50 OF 56 PROPERTIES)
DUES INCREASE CON’TDUES INCREASE CON’T
LAKES ARE MAJOR EXPENSE LAKES ARE MAJOR EXPENSE INFRASTRUCTURE PER MOA WITH RBCCINFRASTRUCTURE PER MOA WITH RBCC VEGETATION: TREATMENT IS EXPENSIVEVEGETATION: TREATMENT IS EXPENSIVE DIFFERENT APPROACHESDIFFERENT APPROACHES
ALL PAY SAME AMOUNT ALL PAY SAME AMOUNT LAKEFRONT PAY HIGHER ANNUAL DUESLAKEFRONT PAY HIGHER ANNUAL DUES
REFLECTS HIGHER PROPERTY VALUE/MORE IMPACTREFLECTS HIGHER PROPERTY VALUE/MORE IMPACT $ COLLECTED IS FENCED FOR LAKE $ COLLECTED IS FENCED FOR LAKE
EXPENSES EXPENSES
DUES INCREASE CON’TDUES INCREASE CON’T MANAGEMENT COMPANY PROPOSALMANAGEMENT COMPANY PROPOSAL
CONTRACT FOR SERVICES RENDEREDCONTRACT FOR SERVICES RENDERED BOOK KEEPING, BILLING, COMPLIANCE INSPECTIONS, BOOK KEEPING, BILLING, COMPLIANCE INSPECTIONS,
ACC ADMINISTRATIONACC ADMINISTRATION MORE EFFICIENCY/CONSISTENCYMORE EFFICIENCY/CONSISTENCY
RBOA NEEDS IMPROVED RECORD KEEPINGRBOA NEEDS IMPROVED RECORD KEEPING STATUTORY COMPLIANCE STATUTORY COMPLIANCE
SHOULD ENCOURAGE VOLUNTEERS FOR SHOULD ENCOURAGE VOLUNTEERS FOR
BOARD OF DIRECTOR SERVICEBOARD OF DIRECTOR SERVICE
LAKE AMICK/PHELPS DAMLAKE AMICK/PHELPS DAM
FIXED IN 2010 ($11,000 EXPENSE)FIXED IN 2010 ($11,000 EXPENSE) Contract with Utility Solutions GroupContract with Utility Solutions Group
FAILED AGAIN IN 2011FAILED AGAIN IN 2011 Different section of outflow pipeDifferent section of outflow pipe Contract with Construction Service Contract with Construction Service
CompanyCompany Decision to replace entire outflow structureDecision to replace entire outflow structure
Fixed/paid $21,100Fixed/paid $21,100
SPECIAL ASSESSMENTSPECIAL ASSESSMENT
SPECIAL ASSESSMENT SPECIAL ASSESSMENT TO RECOUP $$TO RECOUP $$
LAKE AMICK/PHELPS DAM REPAIRLAKE AMICK/PHELPS DAM REPAIR $32,100 total for both fixes$32,100 total for both fixes
$75 x 402 = $30,150$75 x 402 = $30,150 Under BOD reviewUnder BOD review
Approval from membership requiredApproval from membership required Look for Special Meeting in coming monthsLook for Special Meeting in coming months Any/all ideas welcomeAny/all ideas welcome
COMMITTEE REPORTSCOMMITTEE REPORTS
ENVIRONMENTALENVIRONMENTAL
COVENANT COMPLIANCE COVENANT COMPLIANCE
ARCHITECTURAL CONTROLARCHITECTURAL CONTROL
COMPLIANCECOMPLIANCE
ENVIRONMENTALENVIRONMENTAL
ENVIRONMENTALENVIRONMENTAL
THE LAKESTHE LAKES: Amick, Phelps, Werk, Kenny, : Amick, Phelps, Werk, Kenny, Henderson Henderson
CLOSE CONTACT WITH THE “LAKE DOCTOR” FOR VEGETATION CONTROL ON ALL LAKES
LAKE HENDERSON & LAKE WERK MORE PROBLEMATICAL LAKE WERK: SPATTERDOCK LILIES MONITOR SITUATION AND ADDRESS IN 2012
CHEMICAL TREATMENT IS COSTLY
VEGETATION CAN BE CONTROLLED - NOT ELIMINATED
PLEASE LET THE BOARD KNOW IF YOU SEE A PLEASE LET THE BOARD KNOW IF YOU SEE A PROBLEM DEVELOPING--thanksPROBLEM DEVELOPING--thanks
ALLIGATORSALLIGATORS
FALL 2011 SMALL ALLIGATOR SPOTTEDFALL 2011 SMALL ALLIGATOR SPOTTED FLORIDA FISH & WILDLIFE CONTACTEDFLORIDA FISH & WILDLIFE CONTACTED
RESPOND IF GREATER THAN 4 FEET IN LENGTHRESPOND IF GREATER THAN 4 FEET IN LENGTH GATORS GROW ONE FOOT EACH YEARGATORS GROW ONE FOOT EACH YEAR
TRAPPER UNSUCCESSFULTRAPPER UNSUCCESSFUL BE CAREFUL WITH CHILDREN & SMALL PETSBE CAREFUL WITH CHILDREN & SMALL PETS GIVE US A CALL IF YOU SEE A GATORGIVE US A CALL IF YOU SEE A GATOR TELL US IT IS BIGGER THAN 4 FEET IN LENGTH!!TELL US IT IS BIGGER THAN 4 FEET IN LENGTH!!
beaversbeavers
BEAVERSBEAVERS BEAVERS AT WORK IN LAKE WERK!BEAVERS AT WORK IN LAKE WERK!
SMALL DAM CONSTRUCTEDSMALL DAM CONSTRUCTED NOT CAUSING A FLOW PROBLEMNOT CAUSING A FLOW PROBLEM
EMERALD COAST WILDLIFE REFUGE CALLEDEMERALD COAST WILDLIFE REFUGE CALLED DOES NOT RELOCATE BEAVERSDOES NOT RELOCATE BEAVERS RECOMMENDED TRAP AND DESTROY DAMRECOMMENDED TRAP AND DESTROY DAM
STEEL TRAP PERMIT OBTAINED BY RBOASTEEL TRAP PERMIT OBTAINED BY RBOA BEAVER TRAPPED AND REMOVED BEAVER TRAPPED AND REMOVED
BY LAKEFRONT OWNERBY LAKEFRONT OWNER
((PROTECT TREES WITH FENCING/WIRE MESH)PROTECT TREES WITH FENCING/WIRE MESH)
COVENANT COMPLIANCECOVENANT COMPLIANCE
FINING AMENDMENTFINING AMENDMENT
AMENDMENT TO THE BY-LAWS IN 2010AMENDMENT TO THE BY-LAWS IN 2010 PROVEN HELPFUL WITH COV PROVEN HELPFUL WITH COV
ENFORCEMENTENFORCEMENT 3 NOTICES SENT FOR FINING HEARING3 NOTICES SENT FOR FINING HEARING
TWO VIOLATIONS CORRECTED W/O HEARINGTWO VIOLATIONS CORRECTED W/O HEARING ONE FINING HEARING CONDUCTEDONE FINING HEARING CONDUCTED
FINE ESTABLISHED ($25 DAILY TO MAX $2500)FINE ESTABLISHED ($25 DAILY TO MAX $2500) FINE SUSPENDED PENDING CORRECTION FINE SUSPENDED PENDING CORRECTION PLAN/FIX IN WORK AT THIS TIMEPLAN/FIX IN WORK AT THIS TIME
COVENANT COMPLIANCECOVENANT COMPLIANCE COVENANT COMPLIANCECOVENANT COMPLIANCE
APPROACH PER SEPT 2006 LETTER TO ALL RBOA MEMBERSAPPROACH PER SEPT 2006 LETTER TO ALL RBOA MEMBERS
DIRECT NOTIFICATION TO PROPERTY OWNERSDIRECT NOTIFICATION TO PROPERTY OWNERS FIRST STEP LETTERFIRST STEP LETTER IF NO RESOLUTION LETTER FROM ATTORNEYIF NO RESOLUTION LETTER FROM ATTORNEY APPROACH NOW MODIFIED SO SECOND STEP IS POTENTIAL APPROACH NOW MODIFIED SO SECOND STEP IS POTENTIAL
FINE LEVIED BY BOD (PER BY-LAW CHANGE VOTED AT 2010 FINE LEVIED BY BOD (PER BY-LAW CHANGE VOTED AT 2010 ANNUAL MEETING) ANNUAL MEETING)
THEN LETTER FROM ATTORNEY AS THIRD STEPTHEN LETTER FROM ATTORNEY AS THIRD STEP
DISCREPANCIESDISCREPANCIES
GENERALLY A LACK OF KNOWLEDGE OF COVENANTS SPECIFICSGENERALLY A LACK OF KNOWLEDGE OF COVENANTS SPECIFICS
THIRTEEN (13) SEPARATE UNITS WITH INDIVIDUAL COVENANTSTHIRTEEN (13) SEPARATE UNITS WITH INDIVIDUAL COVENANTS
COVENANT COMPLIANCECOVENANT COMPLIANCE
COVENANT COMPLIANCECOVENANT COMPLIANCE
COVENANT COMPLIANCECOVENANT COMPLIANCE COVENANT COMPLIANCE (CONTINUED)COVENANT COMPLIANCE (CONTINUED)
Recent HistoryRecent History 16 in 200916 in 2009 9 IN 2010 – 2 REPEAT VIOLATIONS SO ONLY 7 PROPERTIES 9 IN 2010 – 2 REPEAT VIOLATIONS SO ONLY 7 PROPERTIES
INVOLVEDINVOLVED 8 in 2011 – FINING PROCESS USED SEVERAL TIMES TO GAIN 8 in 2011 – FINING PROCESS USED SEVERAL TIMES TO GAIN
COMPLIANCECOMPLIANCE 2010/11 MOST VIOLATIONS ARE BOATS/JET SKIS & 2010/11 MOST VIOLATIONS ARE BOATS/JET SKIS &
TRAILERS; UTILITY TRAILERS (OPEN & CLOSED)TRAILERS; UTILITY TRAILERS (OPEN & CLOSED)
RESULTS --- EXCELLENT RESPONSE!!!!!RESULTS --- EXCELLENT RESPONSE!!!!! MOST VIOLATIONS CORRECTED AFTER FIRST LETTERMOST VIOLATIONS CORRECTED AFTER FIRST LETTER 1 ISSUE RESOLVED WITH LEGAL ASSISTANCE1 ISSUE RESOLVED WITH LEGAL ASSISTANCE
ARCHITECTURAL CONTROLARCHITECTURAL CONTROL
ARCHITECTURAL CONTROLARCHITECTURAL CONTROL
Who is on the Committee?Who is on the Committee?
Your neighbors!!Your neighbors!!
Paul MaryeskiPaul Maryeski
Bill OsthoffBill Osthoff
Paul GrimmigPaul Grimmig
ARCHITECTURAL CONTROLARCHITECTURAL CONTROL
ACC Application – for any new house or ACC Application – for any new house or addition to the property after a house is in addition to the property after a house is in placeplace Download application at rboa.net (first column)Download application at rboa.net (first column) Info required: what is it; what will it look like; Info required: what is it; what will it look like;
what’s it made of; what’s it made of; where will it be sited on the lot where will it be sited on the lot (include drawings/pictures, specs, site plan)(include drawings/pictures, specs, site plan)
Owner (not realtor or contractor) agrees/certifiesOwner (not realtor or contractor) agrees/certifies Restrictive covenants are on the web site (click Restrictive covenants are on the web site (click
Documents)Documents) ACC will retain drawings for file – submit in 11” x ACC will retain drawings for file – submit in 11” x
14” format 14” format
ARCHITECTURAL CONTROLARCHITECTURAL CONTROL
Variance to Restrictive CovenantsVariance to Restrictive Covenants Provide rationale – why can’t your project comply?Provide rationale – why can’t your project comply? Provide written concurrence from owners adjoining your property, Provide written concurrence from owners adjoining your property,
or owners that might be affected (e.g. across the street) or owners that might be affected (e.g. across the street) In granting set back waivers RBOA assumes no responsibility for In granting set back waivers RBOA assumes no responsibility for
encroachment into Utilities/Drainage setbacks from County or encroachment into Utilities/Drainage setbacks from County or other government agency. This is always noted in ACC approval other government agency. This is always noted in ACC approval “Notes” “Notes”
ARCHITECTURAL CONTROLARCHITECTURAL CONTROL
NO NEW HOME CONSTRUCTION IN 2011NO NEW HOME CONSTRUCTION IN 2011 RBOA IS MOSTLY BUILT OUTRBOA IS MOSTLY BUILT OUT
FEW BUILDING LOTS REMAININGFEW BUILDING LOTS REMAINING REMODELING AND ADDITIONS APPROVEDREMODELING AND ADDITIONS APPROVED POOLS AND OUT BUILDINGSPOOLS AND OUT BUILDINGS VARIANCES ARE POSSIBLEVARIANCES ARE POSSIBLE
ACC SOLICITS NEIGHBORS INPUT ON REQUESTSACC SOLICITS NEIGHBORS INPUT ON REQUESTS SANITY GENERALLY PREVAILS SANITY GENERALLY PREVAILS
MAINTENANCEMAINTENANCE
MAINTENANCEMAINTENANCE
SELF HELP - WIMPS NEED NOT APPLY!SELF HELP - WIMPS NEED NOT APPLY! SPRINKLER SYSTEMS, ENTRANCE LIGHTINGSPRINKLER SYSTEMS, ENTRANCE LIGHTING
NEAR CONSTANT ATTENTION NEAR CONSTANT ATTENTION MARYSA ENTRANCE LIGHTINGMARYSA ENTRANCE LIGHTING
POWER LINE FROM RUCKEL ENTRANCE HAS FAILEDPOWER LINE FROM RUCKEL ENTRANCE HAS FAILED UNABLE TO TROUBLE SHOOT- FIND BREAKUNABLE TO TROUBLE SHOOT- FIND BREAK
DEVELOPING PLAN TO FIX THE PROBLEMDEVELOPING PLAN TO FIX THE PROBLEM Gulf Power to install meter canGulf Power to install meter can
Power from nearest transformer on groundPower from nearest transformer on ground Self help trenching by RBOASelf help trenching by RBOA $1000 to fix (Gulf Power/rent trencher/conduit/sod$1000 to fix (Gulf Power/rent trencher/conduit/sod
PROJECTS PROJECTS
LAKE WAY ENTRANCE COMPLETELAKE WAY ENTRANCE COMPLETE LAKE WAY O/A CONTRIBUTED $350LAKE WAY O/A CONTRIBUTED $350
SEVERAL IMPROVEMENTS IN MINDSEVERAL IMPROVEMENTS IN MIND CURBING MARION & SHARON ENTRANCESCURBING MARION & SHARON ENTRANCES
ESTIMATE SOLICITEDESTIMATE SOLICITED ENTRANCE SIGNS FOR MARION & SHARONENTRANCE SIGNS FOR MARION & SHARON
ONLY TWO UNIMPROVED RBOA ENTRANCES ONLY TWO UNIMPROVED RBOA ENTRANCES RESOD RUCKEL/COLLEGE BLVD ENTRANCERESOD RUCKEL/COLLEGE BLVD ENTRANCE
GRASS IS PROBLEMATICAL WITH TREESGRASS IS PROBLEMATICAL WITH TREES PINE STRAW IS AN OPTION FOR THIS AREAPINE STRAW IS AN OPTION FOR THIS AREA
Lake Way DriveLake Way Drive
Ruckel Drive (off College )Ruckel Drive (off College )
SPECIAL INTEREST ITEMSSPECIAL INTEREST ITEMS PARKING OFF DRIVEWAYPARKING OFF DRIVEWAY
DONT SEE THIS ON KILDARE CIRCLE AND FAIR DONT SEE THIS ON KILDARE CIRCLE AND FAIR WAY WOODS – WE CAN DO BETTERWAY WOODS – WE CAN DO BETTER
WATER METER REPEATERSWATER METER REPEATERS AESTHETICALLY DISPLEASINGAESTHETICALLY DISPLEASING CITY OF NICEVILLE TO IMPROVECITY OF NICEVILLE TO IMPROVE
CRIME IN OUR AREASCRIME IN OUR AREAS 3 BREAK INS IN RECENT MONTHS!!!3 BREAK INS IN RECENT MONTHS!!! TAKE PREVENTION STEPSTAKE PREVENTION STEPS
PUBLIC SEWERAGE?PUBLIC SEWERAGE?
SPECIAL INTEREST ITEMSSPECIAL INTEREST ITEMS
NICEVILLE BY PASS WORK CONTINUESNICEVILLE BY PASS WORK CONTINUES COLLEGE & FOREST RD WILL BE WIDENEDCOLLEGE & FOREST RD WILL BE WIDENED
MORE BUSY WITH COLLEGE EXPANSIONMORE BUSY WITH COLLEGE EXPANSION NEW HOUSING DEVELOPMENT?NEW HOUSING DEVELOPMENT?
BEHIND THE AIRPORT ON FOREST RDBEHIND THE AIRPORT ON FOREST RD INSIDE THE NICEVILLE BY PASSINSIDE THE NICEVILLE BY PASS PROPERTY ANNEXED BY CITY OF NICEVILLEPROPERTY ANNEXED BY CITY OF NICEVILLE MIXED DEVELOPMENT MIXED DEVELOPMENT
SINGLE FAMILY, TOWNHOMES, CONDOSSINGLE FAMILY, TOWNHOMES, CONDOS
Real Estate MarketReal Estate Market ““Prices are firming” – still buyers marketPrices are firming” – still buyers market
Jan-Feb 2012, 80 sales vs 60 in 2011Jan-Feb 2012, 80 sales vs 60 in 2011 Average price sold is up 10% VS 2010Average price sold is up 10% VS 2010 Clean and neat homes, right priced are sellingClean and neat homes, right priced are selling
Updated helps: kitchen/baths/flooring/roofUpdated helps: kitchen/baths/flooring/roof Most activity under $300,000Most activity under $300,000
Homes for sale on MLS (80% of market)Homes for sale on MLS (80% of market) Niceville: 17.5% are distressedNiceville: 17.5% are distressed
Short sales, foreclosures, bank owned (REO)Short sales, foreclosures, bank owned (REO) Crestview: 20%, Destin 37% Crestview: 20%, Destin 37%
RBOARBOA 2012 WILL BE BUSY YEAR FOR 20122012 WILL BE BUSY YEAR FOR 2012
FINANCIAL CONSIDERATIONSFINANCIAL CONSIDERATIONS DUES INCREASEDUES INCREASE SPECIAL ASSESSMENTSPECIAL ASSESSMENT
PROJECT IMPROVEMENTSPROJECT IMPROVEMENTS SHOW PROGRESSSHOW PROGRESS
COVENANT EXTENSIONSCOVENANT EXTENSIONS DEVELOP PLAN FOR UNITS 1 & 2DEVELOP PLAN FOR UNITS 1 & 2
(LESS THAN HALF OF THESE PROPERTIES ARE (LESS THAN HALF OF THESE PROPERTIES ARE
IN RBOA/MAJORITY OF THESE PROPERTIES REQ)IN RBOA/MAJORITY OF THESE PROPERTIES REQ)
THANK YOU FOR COMINGTHANK YOU FOR COMING
HAVE A GOOD YEAR!!HAVE A GOOD YEAR!!