Hickory Creek Subdivision

Home Owners Association Annual Meeting

Tuesday, April, 13th, 2010, 7:00PM
(email: hickorycreekboard@hotmail.com)

Welcome!
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

Agenda:
1. Introduction of Board
2. Review of Finances
3. Subdivision Issues
4. Review of Upcoming Events
5. Election for Open Seats on Board
6. Raised Comments from Questionnaire?
7. Question/Answer Period
8. Close
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

1. Introduction of Board

Pino Mancina

Mark Saunders

Joe Stuglin (seat open for election)

Dave Tabacchini (seat open for election)

Mark Tabacchini (seat open for election)
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances

Account Bank Balance as of March 31st,10:

$19,024.90

Account at Huntington Bank in Warren

HOA maintains a checking and savings account.

Does not include collection of 2010 Dues

Finances have been well managed. Many HOA are in
critical financial condition that require increasing dues.
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)

History of Bank Balance

Account Balance

$25,000.00

$20,000.00

$15,000.00

$10,000.00

$5,000.00

$-
2001 2002 2003 2004 2005 2006 2007 2008 2009
Year

Account Balance
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)

Income Collected in 2009:

Dues: $13,306.30

Misc: $608.00

Total: $13,914.30

Expenses for 2009:

Attorney Fees: $1,055.20

Xmas Lights: $1,241.86

Refund Dues: $90.00

Fertilization of Grass: $658.55

Garage Sale: $50.50

Insurance: $1,100.00

Landscaping: $2,600.00
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)

Expenses for 2009 (continued)

Lawn Cutting: $2,440.00

Entrance Lights: $55.00 (bulbs)

Misc Maintenance: $0.00

Meeting Room fees: $75.00 (Annual Mtg)

Misc: Hayride $952.13

PO Box: $40.00

Incorp. Fees: $20.00

Snow Removal: $0.00

Sprinkler Maintenance: $527.50
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)

Expenses for 2009 (continued)

Stamps: $47.52

Supplies: $0.00

Other Tax: $150.00

Gas and Electric: $652.93

Water: $376.58

Total Expenses: $12,132.77

Net Income for 2009

Total Income: $13,914.30

Total Expenses: $12,132.77

Net Income/(loss) $1,781.53
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

2. Review of Finances (continued)

Plan for reduction of Expenses for 2010

Attempt to minimize Legal fees

Plan for Community Xmas Light Install

Informational letters available on new Facebook site:
“Hickory Creek HOA”….(ask to be a friend)

Hand Delivery of Newsletters and Notices

Attempt to reduce utility consumption
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

3. Subdivision Issues

Delinquent Dues from 1 Homeowner. Foreclosure proceedings have been
filed by the HOA in order to collect past dues and legal fees.

Others below

Foreclosures…
Foreclosures…currently 1 known foreclosure. Board in contact with
Mortgage holder to press continual maintenance. May also require
require legal.

23251 Hidden Creek Dr – foreclosed 03/2010 (possible sale pending)

Upkeep on all homes

Temp. Pools: will be allowed like last year as long as a Township

Township
approved permit is submitted to the HOA Board for approval prior to pool
erection. Pools in violation of this will be assessed a $5/day fine until
corrected.

Proposed new Entrance Sign

 Hickory Creek Subdivision

Home Owners Association Annual Meeting

4. Review of Upcoming Events

Subdivision Garage Sale scheduled for May 21-23rd, 2010.
This will be advertised in the local paper and our notice
board will be placed at the front entrance.

Macomb County Road Commission (MCRC) planning on
doing subdivision road maintenance this spring (crack
sealing completed 4/1/10, possible slab replacements, etc)

Plan for Halloween Hayride and Sub Get-Together for
October

Continuation of Subdivision Newsletter once per quarter to
keep all informed.
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

5. Election for Open Seats on Board

Open Seats for Election:

Joe Stuglin

Dave Tabacchini

Mark Tabacchini

Nominations for Seats

Voting

Results
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

6. Raised Comments from Questionnaire?

Can we lower or eliminate dues for 10 due to the
bank balance?

????.

????.

????.
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

7. Question/Answer Period

HCHOA now on Facebook: Hickory Creek HOA
(ask to “be a friend” to gain access to sub documents,
newsletters, info, etc)

HCHOA Email Address:
hickorycreekboard@hotmail.com
 Hickory Creek Subdivision

Home Owners Association Annual Meeting

8. Close

Thank you for attending!