The News at Imperial Golf Estates

Transcription

1 The News at Imperial Golf Estates October 2013 Issue GIB GATEHOUSE Voice Mail: GIB Gatehouse Fax: IGEHOA TOWNE PROPERTY MANAGEMENT Property Manager: Kendra Byrne, LCAM Platinum PM Fax Acct: Kevin Gaffney WEB MASTER: Mike Shields IGEHOA Website: THE BOARD 2013 Pres. Len Joyce V.P. Michele Korri Treas. Bob Neff Sect. Ed Lindsay Dir. Scott Toth Dir. Deb Clemente Dir. Charles McElligott COMMITTEE CHAIRPERSONS: ARB - Michele Korri mkorri@comcast.net Security - Deb Clemente daclemente1@gmail.com Entrada Gate Committee - Charles McElligott chuckmcelligott@aol.com Superintendent - Mark Thieme ImperialMarkThieme@gmail.com GIB PROPERTY MANAGER Towne Property Management Kendra Byrne, LCAM ARB COMMITTEE MEMBERS: Scott Toth, Janard Clemente, Duff McKenzie, Ron Mamrick & John J. Singerling II. IMPERIAL GOLF ESTATES HOMEOWNERS ASSOCIATION INC. Reminders: Please observe the privacy and property of our residents when looking to fish in our lakes. New Board Positions: Your homeowners association has 3 director positions opening up this year. The new term would begin in January. Please advise your interest in becoming a director to one of the current directors, or to Len Joyce. Highlights of Sept. 26th BOD Meeting Call to Order: President Joyce called the meeting to order at 8:30 A.M.. Those also present were Vice President Korri, Treasurer Neff, Secretary Lindsay, Director McElligott, Director Toth and Director Clement, as well as Superintendent Mark Thieme, Kendra Byrne from Towne Properties and 8 residents. A quorum was present. Treasurer s Report (Treasurer Bob Neff) Financials- as of October 31, 2013 Operating Cash $112,983 Reserves $462,511 Total Cash & Reserves $575,494 Account Receivable $102,158 Other Current Assets $98,193 Total Current Assets $673,687 Total Current Liabilities $40,741 Total Assets $674,373 The month ending October 31, 2013, Imperial HOA operated on a positive net income basis (actual versus budget) with net income reaching $133,015 but over $7,500 greater than the budgeted number. The strong monthly performance was the result of overall expenses being held under budgeted amounts by $6,400 and by total operating income exceeding the budget by $1,200. On a line item income basis, fee income was the primary reason for the positive results. On the expense line item side, maintenance expenses were under budget by over $8,000 and total administrative expenses were under budget by over $3,700. On the year-to-date basis ending in October, Imperial HOA also demonstrated strong net operating performance by reporting $167,200, which was almost $36,000 over budget. While overall year-to-date expenses were only slightly over budget, net operating income greatly exceeded our budget by over $32,000. This income area was lead by all fee line items and caused the positive reporting number. 1

2 One line item that should be noted and is an indicator of the economic activity in general, is bad debt expense. On both a monthly and year-to-date basis, Imperial HOA experienced very positive events with the month number being $1,250 and year to date recording $7,500 under budget (actual number $0 and $5,000). Generally, bad debt reflects, all things being equal, the economic activity that the Association and its members operate within, hence the large bad debt that was reported during the past three years. Accounts receivable increased during the month to $102,000 from about $70,000 the previous month. On the surface it might seem like a large jump but it reflects the fact that quarterly dues should be sent by October 1st but always lag due to collections. For the month, Imperial recorded 3 property transfer fees for $1,500, which was slightly over budget. On a yearto-date basis, property transfer fees equaled $21,500 or 43 homes. This result was over budget by $9,000. GIB Report (Len Joyce) Nov. 21, 2013 IGEHOA Meeting Income and Expense Statement as of : Income for September 2013 is over budget by $ and year to date by $8, Gate Tag Income is over budget by $3, Income is over budget year to date based on Gate Tag Income of $4, and the receipt of $2, from Imperial Square Shopping Center for their share of the north side Irrigation Project that was not in the budget. Total Operating Expenses are over budget for the month by ($1,977.80) and over budget year to date ($1,004.89). Net Income for the month is a loss of ($1,586.10) but a positive Net Operating Income year to date of $7, All major expense categories are under budget for the month except for Administrative. That Expense Category is over budget in September by ($4,278.15) primarily based on Legal Expenses. Year to Date on Administrative we are under budget by $3.30. Balance Sheet Items as of : 1. Operations Checking Account: Cash for Operations $32, Cash for Reserves Balance: $255, Other Assets, incl. Accts Rec and Prepaids: $2, Total Current Assets: $290, Total Current Liabilities: $9, Replacement Reserve Equity $280, Retained Earnings $7, Current Year Flow/Drain $17, Total Equity: $280, Total Liabilities and Equity $290, Balance Sheet Discussion: We have adequate cash on hand to meet our monthly bills. Accounting is working with the Racquet Club and Dr. Richardt to collect their delinquencies. 2 General Comments: Gulf Shore Insurance completed their Risk Assessment based on the Bermuda Greens representative s request at our last meeting. Their only recommendations related to administrative issues with vendor insurances including limits, GIB being named as Additional Insured, and contractual risk transfer of liability clauses. Len and I will be discussing their recommendations with the GIB s attorney and the Property Manager s office. Irrigation. We did not obtain good water in the well that was punched on the front island at the entrance from US 41. We are trying to determine options for use of the well, or to just cap it and rely on county and affiliated association s water for irrigation requirements. Superintendents Report: (Mark Thieme): November 21, 2013 Drainage: With the lack of rain and pond levels declining, the algae is under control. Holiday Lighting: The holiday lights are up and ready to turn on. Imperial HOA hung the GIB holiday lights at GIB cost. Maintenance: Working on equipment maintenance and shop repairs. Gate House: Multiple incident reporting. Side Walks: We had several sidewalk repairs in Phase 5. Beautification Report: (Director McGelligott) Flowers and pine needles where put down in Marque Park and Zack Park. A park bench was added adjacent to the sidewalk along the canal by the middle school. Mark also replaced the boards on the bench in Majestic Park. Architectural Review Board Report: (Vice President Korri) The ARB committee reviewed (6) requests in Oct.. The (6) approved requests included a new concrete deck & lanai with pavers, installation of a children s play set, a new pool cage & extended deck, new hurricane shutters and pool cage, and removal of various trees. There were no disapprovals during the month. For details, see the ARB activity report for July-August, posted on the owners only area of our website, To obtain an Exterior Change Request form: Online: igenaples.info, log-in with name imperial and password 2011 From Towne Properties your request to: mkorri@comcast.net Please remember that ARB approval is required for the use of Dumpsters and Port-a-Potties even if the renovations involve only interior changes.

3 Storm Water Drainage System (Director McElligott): IGCB will be closed Dec. 9th at 1990 IGCB while repairs to the pipe going under the road from Countess Lake to the golf course are completed. The pipe will be replaced from the road to the golf course and the project should take 4 to 5 days weather permitting to be completed. Traffic will be detoured around Countess Court while the work is being done. IGCE will be closed Dec 15 at 1954 IGCB while repairs to the pipe going under the road from Empress Lake to the golf course are completed. The pipe will be replaced from the road to the golf course and an additional 100 of pipe going east adjacent to the golf course will be replaced. Traffic will be detoured around Empress Court while the work is being done. There is a sink hole behind 1972 Empress Court adjacent to the golf course that will be assessed and repaired during the Countess and Empress projects. Storm Water Drainage System (Director McElligott): A proposal from Bonness was presented to repair the rest of the roadway in Phase 5. Entrada (Marquis) Gate and Road (Director McElligott): The Christmas garland and lights have been put up at the back gate. Now that that season is quickly approaching we are seeing an increase in people tailgating residents coming through the back gate. If you have guests coming to visit please make sure they know to enter through the front gate. If we continue to see people tailgating in and going to a resident s home, we will need to look into punishing the resident that the tailgater goes to. Traffic Safety and Security Committee (Director Clemente): Residents are to be reminded to obey the posted speed limit and all stop signs; The speed limit in Imperial Golf Estates is 25 MPH; Be aware of children walking to and from the bus stops; Joggers and walkers should use the walkways at all times, walking in the street especially with small children is a safety risk; With the milder weather, motorists need to be aware of increased outdoor activity (joggers, bikers, children, etc.) Property Manager s Comments/ Items (PM Byrne): Fining Committee Meeting: Was held on November 20, Drainage Project: Letters were sent to 1952, 1954, 1956, 1988 and 1990 Imperial Golf Course Blvd. concerning the drainage project. Annual Meeting: The First Notice for the Annual Meeting will be mailed out by November 27th. Newsletter -(Director Toth and Treasurer Neff): There is more interest in advertising in the newsletter at this time. Treasurer Neff will add to the newsletter information concerning tailgating at the Entrada gate and speeding in Imperial. There has been the continued problem, particularly at the 3 and 4 way stop signs, of speeding in Imperial Estates and we ask that everyone observe the posted speed limits for the safety of everyone. Garbage cans do not need to be placed too close to the street because the pickup trucks have a 4-foot reach and it can be a hazard to cars driving. Additionally, all cans should be brought in the day of pick-up. New Business: Annual Meeting: The Annual meeting will be January 27, If you are interested in being on the Board of Directors please complete the Intent to Run form which you will receive in the First Notice of Annual Meeting. Transfer Fee: President Joyce reported that IGE BOD would like to increase the transfer fee from $ to $ Motion passed unanimously. Homeowner Issues: Dennis Di Donna stated he felt uniformity in the association was important to enhance the value of the homes. Mr. Di Donna also requested that in the future the BOD look into fiber optics in place of Comcast. Mr. Hareck spoke concerning evening meetings. President Joyce reported that very few residents have made the request. Tom Harruff elaborated that the BOD had scheduled evening meetings in the past and they had to pay employees to attend in the evening hours and pay for a meeting room and had very sparse turn out from residents. RESIDENT CLASSIFIED ADS Imperial residents can place a classified ad in The Estates Newsletter to sell household items within Imperial Golf Estates at NO CHARGE. Residents can also place Rental Property ads for properties within Imperial Golf Estates. Ads should be 4 lines or less. Simply your text ad to Greg at: hierro@comcast.net

4 THE PAPPAS-BURBACK TEAM Imperial Golf Estates Residents Whether You Are In The Market For A New Home Or Wanting To Sell, Let The Pappas-Burback Team Assist You With All Of Your Real Estate Needs. Top Sales Agent Multi Million Dollar Producer 52 Sales In 2012 Extensive Market Knowledge & Experience Voted Best In Customer Service By Gulfshore Life Magazine Contact Us Today!! (239) Imperial@Pappas-Burback.com DEBRA PAPPAS-BURBACK, PA LAWRENCE BURBACK Classifieds FOR SALE 1. A genuine Erte bronze statue "In the Evening"...perfect condition 20" signed #HC9/9, Fine Art Acquisitions. (can view on Craig's list) make an offer. 2. Erte "Glamour"...signed print...31 x 21 Mirage called "Evening Promanade and "A Walk in the Park 3. Large matte and frame blacks, greys, and golds. (Man with dog and woman with dog). $40 each 4. A LARGE tropical bird picture...triple matted white wooden frame Call Barb Galler or back in phase V. FOR SALE After January 15th Tailgater Grill with stand for outdoor lanai. Prenies-Camping etc. Like New! $ Wilson set of men s Clubs & Irons, INCKA Collectible Ginty. aluh. $

5 Classifieds While we hope that you support our advertisers, the Board of Directors of Imperial Golf Estates HOA, Inc. does not officially endorse any producs or services advertised herein. To Our Imperial Golf Estates Neighbors * Come Visit the Flooring Experts *PRIOR PURCHASES EXCLUDED. NOT VALID ON SALE OR CLEARANCE ITEMS. ONE CERTIFICATE PER PERSON. EXPIRES 7/31/13. Naples Finest Flooring Showroom As the year winds down, we take this opportunity to thank all of our advertisers for your support and wish all of you a very Happy Holiday Season and a prosperous New Year in 2014! If you would like to advertise a service or product in the Estates Newsletter please contact: Bob Neff , or to: neffguitar@comcast.net For rate and deadline information. An Advertising Request Form will be sent to you for completion. We accept existing ads, business cards and photos. Submissions of existing art need to be in jpg, tiff or pdf format, (300DPI, RGB or CMYK). 5 We can also design an ad for you. For submissions of art work and files or ad design and layout please your information to: Greg Hierro , hierro@comcast.net

6 WANTING TO MAKE SOME HOME IMPROVEMENTS? LOOKING FOR A GOOD CONTRACTOR? SOMEONE WHO CARES ABOUT QUALITY? Christina & Rodney Moulder Kitchen and Bath Designers LET ROYAL CONSTRUCTORS HELP WE SPECIALIZE IN REMODELING, KITCHENS & BATHROOMS. Call Rodney at Naples, Florida License# CBC

7 Quarterly Maintenance Fees - Coupon/Due Dates 2013 Quarterly Maintenance Fee $368.00/Qtr Quarterly Payment due Jan 1, 2013 at the new rate of $ per quarter. Coupon about Dec 1, Payment DUE JAN 1; Coupon about Mar 1, Payment DUE APR 1; Coupon about Jun 1, Payment DUE JUL 1; Coupon about Sep 1, Payment DUE OCT 1. Quarterly Maintenance Fees - Please include your Account Number (Phase and Lot Number) on all payments to preclude any delay in processing. The Account Number is on the coupon that should be returned with your payment. Owners with multiple lots must indicate how they wish their payments applied. The correct mailing address for Quarterly Maintenance Assessments is Imperial Golf Estates Homeowners Association, Inc., PO Box 9056, Naples, FL If you are using an automatic bill pay service, give them this address for mailing purposes and ask that they include your Account Number (Phase and Lot Number) on all payments. Lot Owners can contact Kevin or Gina in Towne Properties Accounting at if you need another coupon book or to discuss the coupon book process. Future Board of Director Meetings BOD Meetings are held at the Weybridge Clubhouse, 8:30 AM; BOD Meetings Oct 24th (Nov and Dec TBD) Note: Contents of this newsletter are not official and only the approved minutes represent the Association. IMPORTANT NUMBERS TO KEEP HANDY Sheriff Non-Emergency Domestic Animal Control Humane Society Animal Shelter Garbage / Waste Pick-up Solid Waste Management Code Enforcement Comcast Naples Daily News Circulation Dept Current Activity as of October 31st 2013 (Averages are for Year 2013) Active Houses on the Market 24 Pending with Contingencies 1 Pending with No Contingencies 1 Closed Sales During 2013 from 1/1/13-9/30/13 40 Average 2013 Sales Price $485,619 Average 2013 Price Per Sq. Ft. $ Closed Foreclosures or Short Sales 2 Non Foreclosure Average 2013 Sales Price $463,619 Non Foreclosure Average 2013 Price Per Sq. Ft. $ IGE Residents: Full Time 70% Seasonal 30% Source: From Naples MLS Provided by John R Wood Inc. 7

8 Imperial Golf Estates Homeowners Association, Inc. Platinum Property Management 1016 Collier Center Way, Suite 102 Naples, FL PRSRT STD US POSTAGE PAID PERMIT 524 NAPLES, FL