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8/3/2019 Emergency Meeting October 2011 v4 (Small)
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Ashford Lakes Residents EmergencyMeeting
October 17, 2011
Introduction 7:00
Report: current issues and
recommendations 7:05
Rebuttal from the current Board 7:50
Questions & Answers / Audience Forum 8:10Summary 8:25
Adjourn 8:30
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Ashford Lakes Facts
465 Homes 9 Sections / 4 phases (first phase 1998-
99)
Approximately 2 miles of concrete fence 6 Lakes
9 Fountains ($10,000 each)
8 Entrances (including back entrances)
13 Flower Beds at entrances
13 Ashford Lakes signs
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AnnualAssessment
Started $275Ended $414
1999 2005
Developer and TMC
3 Board MembersMonthly Deed Restriction InspectionsDeveloper left subdivision $22,000 in debt
Sequence of Events for Ashford Lakes
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Sequence of Events for Ashford Lakes
AnnualAssessment
Started $414Ended $475
2005-2009
CIA Services
Residents take over the Board in 2005Board grows from 3 to 7 membersSemi-monthly deed restriction inspectionsincluding the lakes
Refilled lakes in 2008-2009 due to drought
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Sequence of Events for Ashford Lakes
AnnualAssessment
Started $500Ended $360
2009-2011
Austin Properties
7 Board membersSemi-monthly deed restriction inspectionsincluding the lakes
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Sequence of Events for Ashford Lakes
Annual
Assessment$360
2011-Present
Real Management
7 Board membersMonthly deed restriction inspections
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Challenges We Face as a Community
Maintenance - SecurityConcrete fence repairs
Maintenance - Appearance
Lakes (trees are dying around the lake and more willcontinue to die)
Concrete fence
SignsLandscaping
Question: Does the current condition of our community represent thevalues of our homes?
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Challenges We Face as a Community
Board decision-making and planning
2011 reduction assessment
Owners saved $8.33/month
Ashford Lakes lost $50,000 formaintenance/repairs and enhancements
Unchanged 2012 assessments
Owners save another $8.33/monthAshford Lakes loses another $50,000 formaintenance/repairs and enhancements
Question: How Does the Board decision to reduce our assessmentmaintain or enhance our property values?
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Challenges We Face as a Community
Lack of communication by the Board
Regular meetings cancelled (last Board meetingJuly 2011)
No meeting minutes posted on theAshford Lakes website or sent via email
No response (or disrespectful
responses) to requests from owners
Aging community
Requires more attention andmaintenance to community
Requires more attention to maintaining
homes
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The trees arentgetting enough waterand are dying.
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Other Lakes in Sugar Land
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R d i
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Recall Board members
that voted to decrease our assessmentreject raising the fee and paying maintenance
Recommendations
Voted to Reduce 2011 Assessment
Board Member VoteDavid Lee Yes
Jenny Dee Yes
Hei Cheng Yes
Julie Elliot No
Abiola Williams No
Charlie Che Did not vote
Vinod Patel Did not vote
This requiresa specialelection
R d ti
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Increase the assessment to cover known repairs
Recommendations
Repair Needed Estimate
Concrete fence repairs $35,000 - $50,000
Fill lakes with water $10,000 - $20,000Power wash concrete fence $30,000
Paint fence and signs
Total $75,000 - $100,000
R d ti
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Recommendations
Proposed 2012Assessment *
Monthlyadditional cost
/ resident
RevenueGain
$414(Standard 15% increase)
$8.33 $25,110
$495(2010 level)
$12.08 $62,775
$585(covers existingmaintenance needs)
$19.58 $100,000
Increase the assessment to cover known repairs
* Increases over 15% require 2/3 approval vote of homeowners.
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Expected Results
Keep Us SafeKeep Ashford Lakes Maintained / Repaired
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What Happens Next
Tell your neighbors what we talked about tonight
Sign the petition for a recall election on November14th
Attend the meeting on November 14th
Run for one of these three Board positions
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