Early this summer, the Board of Directors authorized the Treasurer to engage an independent firm to study the financial status of the HOA and its responsibility to maintain and protect its assets, including the repair and maintenance of its roads.
Association Reserves of Chandler, Arizona was selected to perform the study. The study was completed on June 12, 2018. A copy of the study can be seen by clicking on the following:
Upon receiving the study it was first independently reviewed by the board members. At the July Board of Directors meeting the board directed both the Landscape and Roads Committee and the Finance Committee to review the study and to offer their recommendations. Both committees approved the recommendations of the study. Now, the Board of Directors will formally review the recommendations of the study and propose appropriate actions.
The first discussion of the reserve study and its recommendations will take place at the September 10, 2018 Board of Directors meeting. The meeting will take place at the Catalina Foothills High School, House #1 Seminar Room at 6:30 PM.
An essential part of this discussion will be finance options for the recommended road repairs. These options will be presented by the Treasurer. An open discussion for all homeowners will follow.
All homeowners are encouraged to attend the meeting.
More information will be posted on this site as it becomes available. Announcements will be posted on Nextdoor and sent to members of the Association’s email list.