Unfortunately, we did not receive our 190 residents in attendance via in person or by proxy - we had 145 at last count. Our Green book says we MUST have an Annual Meeting, so we will need to come up with 45 more proxy votes and then we will reconvene to do the business of the Annual Meeting. If you have a proxy, please designate the Secretary as your proxy and mail it to or drop it off at the Clubhouse. Your assistance is greatly appreciated.
As president, I did have a few opening remarks for those present. 2007 was a year of change in Westlake Village - we greeted a new Office Administrator (Rosemary), a new Director of Buildings and Grounds (Jim), a new insurance company (Carlton Fields), and a host of other "new" things! The challenge we face in 2008 is simple: lack of man/womanpower. Without going into too much detail, we (the Board) are TIRED. We are trying to give 110%, but we find ourselves being pulled in every direction. Anything you, as a resident, can do to help out would be greatly welcome.
We were also able to field some great questions from the membership… touching on a variety of topics including, but not limited to, the pool maintenance costs, legal costs and challenges, finances, and FORECLOSURES. Let's look a little deeper into that. As you know, we find ourselves in a challenging time financially. Every household is being asked to do more with less (or at least the same), thanks to rising energy costs, growing insurance bills, and other costs. Westlake Village is now feeling the pinch of foreclosed and abandoned properties. Currently, there are approx 3 - 4 active foreclosures in our neighborhood. It is common for embattled owners to simply walk away from the properties, leaving the growing grass and decaying pool for neighbors. It sometimes takes 3 or 4 months before the lender (or buyer) to take possession of the property, at which time it is cleaned up.
So what do we, as a community, do when the property is abandoned for those 3 - 4 months? The Board has been examining this issue since it was first brought to our attention in September, then it was tabled in October, and will be finally addressed in Nov. Our legal counsel has advised us it is not financially wise to begin mowing these properties, as there is little chance we will be reimbursed for the costs of imposing a lien on the property for the actual mowing. There are many liability issues with going on a property that we don't own, although the Green Book does grant us the power to do this. And finally, where does our “power” stop – do we mow peoples lawns who are NOT in foreclosure but appear to have abandoned the property (yes, we have received a request already).
My wife is so smart and timely. When I told her of this quandary, she related a story to me about a California community who was seeing 20% - 25% vacancy in their new development, as investors bailed on the properties. It was so bad that residents formed "mowing parties" and began caring for the homes until the banks received possession and began their maintenance program for the property. Again, just an interesting story and it this does not address the liability these conscientious residents (perhaps unknowingly) took upon themselves.
The Board will adopt measures that address these abandoned homes while also minimizing the financial toll and liability such a program entails. Where does the balance fall? I'm not sure. If you have any ideas, please call or email ANYONE on the Board...www.WestlakeVillageHOA.com.
Thanks for your support