Annual Meeting results:
1. Overnight Parking of Trucks amendment did NOT pass
2. Directors elected: Rich Cornelius, Pete Mansour, and Richard (Dick) Rayfield.
Per the followup regular meeting of the Board, the 2010 Board of Directors is as follows:
President Rich Cornelius
VP Allan Lonschein
Treasurer Pete Mansour (temporary)
Secretary Susie Kaiser (temporary)
Architectural Chairperson Pete Mansour
Maintenance Chairperson Dick Rayfield
Activities Chairperson Dimitri Leventis
Security Chairperson Susie Kaiser
I had a “true Thanksgiving” moment while on holiday in the DC area. My mother-in-law lives in a beautiful 250 home, established community in Fairfax, VA, just outside the DC Beltway. When the developer built the community in the early 80’s, they also added a community pool, spacious Poolhouse with bathrooms, tennis courts, and large parking lot. However, the developer missed a crucial part – the HOA was “voluntary” and not “mandatory”, earning revenue by offering pool memberships.
Much similar to WLV, the new owners cherished their community and hosted community-wide tennis tournaments, pool meets, and other neighborly festivities. Over time, interest faded and revenues gathered through pool memberships declined because they were not mandatory. The Board struggled financially and at time did not have enough money to operate both the large pool (Virginia requires lifeguards at all times the pool is open) and mow the common areas of the community. An ill-timed Poolhouse fire further complicated matters.
At present, the pool is abandoned - really just a concrete hole in the ground filled with putrid green water surrounded by a rusted chain link fence. The pumps, filters, deck chairs, and other pool equipment have been sold to pay for the mowing of the community. The property is in the process of being given to the County government for the creation of a park, but first residents have to pay for the demolition of the pool, poolhouse, tennis ct, etc, before the county will take it off their hands. A true lose-lose for community residents.
This sad story gave me pause to reflect on the beauty of our community. Our children have a lovely pool to swim in, basketball courts to play on, a playground to run in. We have citrus to pick, trails to walk, and even a pond that makes a great background for pictures (we took my wife's pregnancy photos down there). I’m thankful for the assets my children will have access to and I pledge to you, the resident(s) of WLV, I will do my utmost in 2010 to:
· Encourage fiscal responsibility and cut costs wherewhen able
· Build reserves such that future improvement costs are well-funded
· Complete the necessary maintenance on our current assets to preserve them
· Make SOUND investments in the assets that need refurbishing
· Provide a strong, successful financial foundation for future Boards
· Make YOU proud of the community we all share.
I can’t do this alone, however. The current Board asks for your assistance, especially in the area of Treasurer and Secretary. Please consider volunteering.
Saturday, November 28, 2009
Saturday, November 14, 2009
2009 Annual Meeting results
Annual Meeting results are below:
Elected Candidates:
1. Cornelius, with 209 votes
2. Mansour, with 153 votes
3. Rayfield, with 147 votes
The following candidates each had less than 134 votes; therefore, they
were not elected:
· vanHeyningen
· Breedlove
· Altmeyer
Truck Amendment:
224 YES;
112 NO;
however, the threshold to pass an amendment
must be 289 affirmative, unless 431 voted (only 355 voted by proxy
or in person)
We had 5 proxies that were in question that would not throw anyone
over as a winner, if used.
Elected Candidates:
1. Cornelius, with 209 votes
2. Mansour, with 153 votes
3. Rayfield, with 147 votes
The following candidates each had less than 134 votes; therefore, they
were not elected:
· vanHeyningen
· Breedlove
· Altmeyer
Truck Amendment:
224 YES;
112 NO;
however, the threshold to pass an amendment
must be 289 affirmative, unless 431 voted (only 355 voted by proxy
or in person)
We had 5 proxies that were in question that would not throw anyone
over as a winner, if used.
SFH move up, Condos move down - are we on the road to recovery?
Everywhere you go, people are cautiously optimistic. The government threw some money at them and they purchased new cars. The government threw some money at them and they are purchasing homes. The Stock market flirts with 10,000 like unemployment isn't around 10% (published, not actual) and our deficit and debt aren't at record levels. Are we turning the corner?
Who knows...actually, no one.
But back to Tampa area real estate, our SFH market continue to slowly pick up steam as evidence in less inventory, increasing monthly sales, and a slight uptick in sales prices vs. listing prices over preceding months. That's the lipstick...
...the "pig", for lack of a better term, is the condo GLUT, especially on the beach. They are selling at the same pace as SFH's were about 1 years ago. On the beaches, just 5%-6% of all HOMES & CONDOS sell every month...not much to crow about. Condo inventories in all sectors increased, while sale remained virtually unchanged. This may be a statistical anomaly, but Tampa area condos are showing a final sales price of just 54% of the ORIGINAL LISTING PRICE. Normally it's in the low 70 percent range, so this month was steep!
There have been some calls for an "Investor Credit" similar to the Homebuyer Credit now in full swing. Such an investor credit would theoretically get more homes moving into the hands of fix-and-flippers, landlords, and 2nd home buyers. Theoretically, and if they qualify for mortgages, which are not as plentiful...
MLS MONTHLY REPORT Oct ‘09
TAMPA BAY AREA (tri-county) Homes Condos Total Units
Total Units Available: 18,199 9,287 27486
Total Units Pending: 3,156 1,129 4,285
Total Units Sold: 2,294 708 3,002
Absorption rate: 12.6% 7.62% 9.2%
Avg Days on Market 94 days 113 days 99 days
Months of Inventory 7.9 mons 13.1 mons 9.4 mons
Sold vs List Price % 94% 91% 93%
Sold vs Original List Price % 79% 54% 72%
PINELLAS COUNTY Homes Condos Total Units
Total Units Available: 6,646 5,583 12,229
Total Units Pending: 1012 542 1554
Total Units Sold: 754 351 1105
Absorption rate: 11.35% 6.29% 9.04%
Avg Days on Market 87 days 120 days 98 days
Months of Inventory 8.8 mons 15.9 mons 11.1 mons
Sold vs List Price % 92% 90% 92%
Sold vs Original List Price % 85% 81% 84%
N. BEACHES (476-478, 370-375) Homes Condos Total Units
Total Units Available: 581 1426 2,007
Total Units Pending: 51 110 161
Total Units Sold: 36 78 114
Absorption rate: 6.20% 5.56% 5.68%
Avg Days on Market 140 days 168 days 159 days
Months of Inventory 16.1 mons 18.3 mons 17.6 mons
Sold vs List Price % 85% 90% 88%
Sold vs Original List Price % 78% 80% 79%
Who knows...actually, no one.
But back to Tampa area real estate, our SFH market continue to slowly pick up steam as evidence in less inventory, increasing monthly sales, and a slight uptick in sales prices vs. listing prices over preceding months. That's the lipstick...
...the "pig", for lack of a better term, is the condo GLUT, especially on the beach. They are selling at the same pace as SFH's were about 1 years ago. On the beaches, just 5%-6% of all HOMES & CONDOS sell every month...not much to crow about. Condo inventories in all sectors increased, while sale remained virtually unchanged. This may be a statistical anomaly, but Tampa area condos are showing a final sales price of just 54% of the ORIGINAL LISTING PRICE. Normally it's in the low 70 percent range, so this month was steep!
There have been some calls for an "Investor Credit" similar to the Homebuyer Credit now in full swing. Such an investor credit would theoretically get more homes moving into the hands of fix-and-flippers, landlords, and 2nd home buyers. Theoretically, and if they qualify for mortgages, which are not as plentiful...
MLS MONTHLY REPORT Oct ‘09
TAMPA BAY AREA (tri-county) Homes Condos Total Units
Total Units Available: 18,199 9,287 27486
Total Units Pending: 3,156 1,129 4,285
Total Units Sold: 2,294 708 3,002
Absorption rate: 12.6% 7.62% 9.2%
Avg Days on Market 94 days 113 days 99 days
Months of Inventory 7.9 mons 13.1 mons 9.4 mons
Sold vs List Price % 94% 91% 93%
Sold vs Original List Price % 79% 54% 72%
PINELLAS COUNTY Homes Condos Total Units
Total Units Available: 6,646 5,583 12,229
Total Units Pending: 1012 542 1554
Total Units Sold: 754 351 1105
Absorption rate: 11.35% 6.29% 9.04%
Avg Days on Market 87 days 120 days 98 days
Months of Inventory 8.8 mons 15.9 mons 11.1 mons
Sold vs List Price % 92% 90% 92%
Sold vs Original List Price % 85% 81% 84%
N. BEACHES (476-478, 370-375) Homes Condos Total Units
Total Units Available: 581 1426 2,007
Total Units Pending: 51 110 161
Total Units Sold: 36 78 114
Absorption rate: 6.20% 5.56% 5.68%
Avg Days on Market 140 days 168 days 159 days
Months of Inventory 16.1 mons 18.3 mons 17.6 mons
Sold vs List Price % 85% 90% 88%
Sold vs Original List Price % 78% 80% 79%
Monday, November 9, 2009
November happenings
I want to thank everyone who has called me about turning in the proxies - as you may know, we have had to rescheduled the Annual meeting for the last 2 years because of lack of resident participation. Not this year. The annual meeting will be held Tues Nov 10 at 7p at the Clubhouse. pls plan on arriving slightly early to ensure you have a seat - i believe it may turn into standing room only.
I received some calls on sidewalk repair being done throughout the neighborhood. FYI, this is a Pinellas County initiative as they are liable and responsible for sidewalks, not WLV. I am sorry if this has caused any inconvenience, but pls call Pinellas County DoT with any issues.
Along the same lines, I rec'd some inquiries about tree-cutting on the blvd. As with the sidewalks, this is also a Pinellas County project. I did have the opportunity to chat quickly with a field supervisor who said the trees being removed are NON-NATIVE (eucalyptus) and have caused repeated road cracking. They will work with us after winter to replaant native trees.
I received some calls on sidewalk repair being done throughout the neighborhood. FYI, this is a Pinellas County initiative as they are liable and responsible for sidewalks, not WLV. I am sorry if this has caused any inconvenience, but pls call Pinellas County DoT with any issues.
Along the same lines, I rec'd some inquiries about tree-cutting on the blvd. As with the sidewalks, this is also a Pinellas County project. I did have the opportunity to chat quickly with a field supervisor who said the trees being removed are NON-NATIVE (eucalyptus) and have caused repeated road cracking. They will work with us after winter to replaant native trees.
Sunday, November 1, 2009
Don't forget the Annual Meeting Nov 10 @ 7p
Don't forget the Annual Meeting Nov 10 @ 7p at the Clubhouse. I assure you that you will get your money's worth! ;-)
It is my pleasure to inform you that we have recently collected 3 YEARS of unpaid dues from a homeowner! Unfortunately, the Board had the unpleasant task of filing a foreclosure action against the homeowner. This was an action NOT taken lightly and it is my sincere desire NOT to have to repeat it. The intent was not to throw the resident out but just to reclaim the 3 years of back dues that were rightfully owed to the Association, which was accomplished. Unfortunately, the owner also had to compensate our legal counsel, which dramatically increased the monies owed.
It was the opinion of our legal counsel that most foreclosure filings against owners for deficient dues results in those dues being paid in full. If you aren't aware, HOA's are behind only Uncle Sam and your mortgage company as a lienholder on your home (and mine).
Action to foreclose will be a rarely used tool to recover the dues money that should have been paid in the first place. I pay my dues on time and you pay yours, so why shouldn't we ALL be held to the same standard? At the present time, the Board will apply various collection strategies, including foreclosure proceedings, on the most egregious of deficient dues.
FYI, the dues are NOT increasing for 2010.
It is my pleasure to inform you that we have recently collected 3 YEARS of unpaid dues from a homeowner! Unfortunately, the Board had the unpleasant task of filing a foreclosure action against the homeowner. This was an action NOT taken lightly and it is my sincere desire NOT to have to repeat it. The intent was not to throw the resident out but just to reclaim the 3 years of back dues that were rightfully owed to the Association, which was accomplished. Unfortunately, the owner also had to compensate our legal counsel, which dramatically increased the monies owed.
It was the opinion of our legal counsel that most foreclosure filings against owners for deficient dues results in those dues being paid in full. If you aren't aware, HOA's are behind only Uncle Sam and your mortgage company as a lienholder on your home (and mine).
Action to foreclose will be a rarely used tool to recover the dues money that should have been paid in the first place. I pay my dues on time and you pay yours, so why shouldn't we ALL be held to the same standard? At the present time, the Board will apply various collection strategies, including foreclosure proceedings, on the most egregious of deficient dues.
FYI, the dues are NOT increasing for 2010.
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