Second, thanks to Sally Flint for volunteering to join the 2009 Edgehill Farm Master Association. Her term, like all terms, are for two years. In something of a tradition, she was immediately selected as the board's vice-president. Don't let the Veep slot fool you. It's a great place to start because there's no bookkeeping to management, minutes to keep or gavels to wrap in most cases.
At the annual meeting on Monday November 17, 2008, two board members rotated off as their terms expired and Ms. Flint was elected with Kevin McMahon re-elected to a fresh two-year term. Interestingly, our board and those attending the annual meeting vote on board member candidates then the board members select who fills which seats on the Master Association board. The board re-determines which members hold which offices every year despite our terms being two years. Let it filter through your mind a second and you should find clarity.
Your monthly homeowners' dues will rise in 2009 to $37.80 per month.
Sadly, electricity rates are jumping by double-digit percentages. The clubhouse, which Progress Energy deems a "commercial building," is charged under the commercial building electric rates. Our electric rates, even when we cut off lights and watch the thermostats, will top $500 every month based on that rate structure. I've unplugged appliances, lowered the thermostat settings very low but still warm enough to protect pipes and made sure lights are turned off. It's no use. I suspect operating the pool pumps, which is very necessary, is the culprit. The bills are easily covered but I was hoping for some serious savings. Oh well.
Also, everything else is rising in price too. The water bill rates (think of the pool), Landscaping rates (think of the grass and walkway) are going up. And we'll have a some leftover to save towards the next round of tremendously expensive maintenance projects. Think: paving the walkway before it crumbles, maybe and finally renovating the tennis courts (yeah, you've heard that one before) and the always unforeseen lake repairs and erosion control. I'll not mention the pool which was overhauled a few years ago. We need more money in our "reserve fund." Then again, we'll always need more money in our reserve fund.
By not attending monthly meetings or the annual meeting, you've missed some interesting discussions about fiscal strategies for handling large repairs and the large costs associated with them. That's another posting.
KMc
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