INFORMATION SHARED FROM JULY 25 WYNFIELD COMMUNITY MEETING

HERE'S WHAT YOU MISSED...

On July 25th, we held the first of three information-sharing meetings to ensure our community understands our needs and expenses as we prepare for our annual homeowner’s meeting on October 17th. Around 20 neighbors joined in person and another 20 joined via Zoom. Here’s a summary of what you missed. You can also watch the video of the Zoom meeting and/or download the presentation.

HOA board president Ted Turner provided an overview of Wynfield's financials. The poolhouse needs major repairs, including the replacement or repair of eleven support trusses damaged by flooding. This will require major construction that may include upgrading the plumbing infrastructure (which is aging and increasingly prone to failure - polybutylene) and will also include considering other options to avoid future weather-related problems. In 2025, we intend to address these poolhouse repairs as well as resurfacing of the basketball courts and trimming trees along the parkway. 

A representative from Reserve Advisors presented an overview of our reserve study, which recommends the level of funding required to meet investment needs for the next 30 years, including maintaining our reserve account. You may find a full copy of this report here (both 2020 and 2024).

Our goals include ensuring we have funds to meet our repair, maintenance and upgrade needs while keeping annual dues low and aligning to the reserve study recommended balances. Meeting these financial needs will require more revenue, likely achieved with an increase in annual dues and/or a special one-time assessment. Meeting attendees seemed accepting of the reality that higher homeowner contributions of some kind would be necessary and expressed a preference for a one-time assessment.  

The group was especially focused on mobilizing neighbors to vote at the October meeting. We must have 50% of homes represented for a vote to count and 66% of the vote must be in favor of the measure for it to pass. We will be enlisting support from anyone willing to help encourage neighbors to participate.
 
Our next meeting will be held on August 8th at 7:00 p.m. at the Clubhouse. We will share more information about expected costs and some initial options for covering these in the coming years. If you cannot attend in person, we hope you will join us via Zoom (link here). 
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Sincerely 
Wynfield HOA Board