Join Zoom Meeting
Champion Lakes HOA Budget Approval Meeting September 24, 2024, 7pm Via Zoom
https://zoom.us/j/8201315684?omn=92472805704&from=addon
Agenda
- Call to order: Time: 7:03pm
- Approve the Agenda by the Board – motion passed
- Establish Quorum of the Board: John Hering, President; Tania Ware, Secretary; Andrew Piering, Treasurer – excused
- Guests: Ashleigh Richardson (Goodwin Manager), and her managing partner, David Brock
- Proof of notice
- Posted to TownSq on 9/17/24, and 9/17/24 giving our 144 hour noticerequirement by Texas State Property Code o Yard sign, Facebook,
- Welcome by the President
Thank you for attending this meeting. Why? 3 points
- Stay Informed
Yes, you have access to meeting minutes, email updates, and the Web Site, but they are just highlights of what is happening. By attending this HOA budget meeting you’re able to hear the discussions, recommendations, and concerns first-hand. You can learn more about how and why decisions were made and what is in the works for the future. - Get Involved
This is a great opportunity to make your voice heard if there is something you have questions about or want to share regarding what is happening in our community. You can think about things you like to do and put your talents to use and make a positive difference in our neighborhood.
Neighborhood Activities
Champion Lakes Garage Yard Sale
Neighborhood Movie Night
Neighborhood Watch Program (National Night Out)
Spring / Fall Block Parties - Understand Community Management
You pay dues every year, but do you know how that money is being spent? Do you know why the HOA had to lower or increase fees? By attending this meeting you can gain more insight into exactly what decisions are being made and how the community is being managed.
Thank you for joining us this evening. Welcome our new members!!!!
- Approval of Minutes from March 25, 2024 Annual Meeting
- Motion was made and seconded to pass the minutes. Passed
- Discussion of proposed 2025 operating budget
- No increase in assessments ($450, 92 Owners, $41,400)
- Administrative costs: $12,785
- Property Maintenance: $12,250
- Insurance: $4,117
- Reserves: $10,688
- Utilities: $1,984
- Motion to approve the 2025 Budget as presented passed
- Finalization – what to expect next
- Billing and Dues Statements will go out in October/November
- Noted that the brick wall will need repairs in the $15,000 – $19,000 range in the nexttwo years.
- Homeowners’ support for the HOA Board to pursue Homeowners who are past due on their assessments. This discussion was tabled since there were no homeowners on the Zoom call.
- Yes/No? Do the Homeowners of Champion Lakes want Goodwin Management and the HOA Board to pursue Homeowners who are late on paying their assessments? Also, approve of the letters, fees, and legal costs?
- No increase in assessments ($450, 92 Owners, $41,400)
- Homeowners Adjournment at 7:11
- Executive Session
- AR Past Due & Legal Collections Update
- Compliance
- Noted: There are 16rentals (17%of92homes)
- Approved John to purchase and spread fertilizer on the entrance grass
- Approved $1,000 for improved dirt/mulch for the entrance flower beds
- Approved $200 for dirt to be placed under the brick wall were needed
- AR Past Due & Legal Collections Update
- Adjourn: Time 7:23