Annual General Meeting Homeowners Association 2018 Todays Agenda

Annual General Meeting Homeowners Association 2018

Today’s Agenda ★Meet the Directors ★Look Back 2018 ★What’s Next 2019 ★Financial Updates ★Call for Action ★Open Floor

Meet the Directors ➢ 4 new board members were elected on July 2, 2018 ➢ ➢ ➢ New Board Prabhu Ganeshan (replaced Brad Halbach - 3 year term) Bhani Gandhoke (replaced Anna Martca - 2 year term) Ian Mcintyre (replaced Alex Kim - 2 year term) Nadiya Bak (replaced Chadd Merrigan - 3 year term) Sharad Mittal (stayed on)

Big Wins 2017 -2018 ➢ Installed new playground - completed September 2017 ➢ Established Neighborhood Watch - Jan 2018 ➢ Installed new pond fountains - August 2018 ➢ Changed landscaping contractor - September 2018 ➢ Completed sight triangle project - October 2018 ➢ Installed large rocks on pond median - October 2018 ➢ Installed mulch - November 2018 ➢ Beautified Woodbridge Sign - November 2018 ➢ Sidewalk leveling project - in progress

Annual Dues for 2019 □ □ Single Family Dues $550 Townhome Dues $330 ■ Decreased from last year’s $600 ■ because we have replenished the reserves to standard level Payments processed through: https: //woodbridgehoa. appfolio. com/connect/

Upcoming Capital Projects 2019 ➢ Complete mulch project ➢ Irrigation system repairs and upgrades ➢ Removal of dead trees and shrubs ➢ Replacing old and damaged grass areas ➢ Creating plan for replacement of trees and shrubs ➢ Fixing the lighting in both monument signs

Financial Updates

2018 YTD Income & Acct Balance Income Dues $178, 115 Escrow $2, 330 Interest $30 Total Income $180, 475 Total Expense (YTD) $137, 280 Total Proj Exp $160, 680 Proj Net Income $19, 795 Balance Cash (Current) Cash (Year End) $119, 683 $96, 283

Expenses - 2018 YTD Insurance $2, 979. 90 Landscaping Backflow Testing Irrigation Monthly Maintenance Ponds Admin $510. 00 Utilities Electricity $1, 642. 60 Garbage $504. 82 Water $38, 078. 24 $6, 153. 21 Software - Appfolio $3, 197. 04 Total Expenses (YTD) $137, 279. 77 $65, 690. 91 $18, 461. 12 $61. 93 Social Easter $870. 37 July 4 th $1, 643. 12 Proj Expenses Mulch $14, 300. 00 Tree Removal $1, 200. 00 Maintenance $5, 900. 00 Misc $2, 000. 00 Total Exp Proj $160, 680

2019 Budget INCOME Annual Dues Escrow Dues $2, 000 $163, 000 TOTAL Annual Dues $165, 000 Standard Operating Expenses $140, 000 EXPENSES Irrigation TOTAL Expenses NET 2019 BUDGET 2018 CASH RESERVES EOY 2019 CASH BALANCE $20, 000 $160, 000 5, 000 $96, 283 $101, 283

Call for Action

Are you looking to get more involved? □ What are you passionate about? ■ Parks, Events, Administration, Social, Security □ Your chance to make a difference! □ Influence community decisions

Committees: volunteers needed ➢ Neighborhood Watch captains ➢ Architectural committee ➢ Landscaping committee ➢ Irrigation committee ➢ Enforcement committee ➢ Financial committee (filled - Sharad) ➢ Escrow committee (filled - Brad) ➢ Playground trash committee ➢ Events committee

City of Redmond Parking Rules PARKING IS PROHIBITED: ● ● ● ● ● on a sidewalk or street planting strip within an intersection on a crosswalk any place where official signs prohibit parking in front of or within 5 feet of a driveway within 15 feet of a fire hydrant within 20 feet of a crosswalk within 30 feet of a stop sign, yield sign, traffic signal, or flashing signal wheels must be parallel to the curb and no more than 12 inches from the curb A vehicle can park on a public street for no longer than 24 hours, after which time it could be considered a traffic safety hazard or reported as abandoned. http: //www. redmond. gov/Transportation/Resources/Parking

Home Structure / Major Landscaping Modifications If you are modifying your property to conform to the City of Redmond’s sight triangle rules, or for any other reason, please keep in mind our community regulations: ● Any major landscaping, architectural changes, decks, and structures over 6 feet tall, must be approved by the Architectural Committee. Please email plans do directors@woodbridgeowners. com ● In particular, no fences on corner lots (hedge fences are okay) ● See Article 5 of the codes for more details: http: //www. woodbridgeowners. com/documents/c-c-and-rs. pdf

Community Safety Tips ■ Keep porch lights on ■ Lock your cars and don’t leave valuables in your vehicles (expensive sunglasses) ■ Report questionable activity and events to google group ■ Look for unusual activity after 11 pm like someone driving around the neighborhood

Parking Enforcement ➢ We have received a lot complaints about cars blocking sidewalks ➢ It is a big safety concern ➢ If your driveway it too short to park your entire car, you can not park there ➢ We will start giving notices to cars that are blocking sidewalks ➢ We will then report violators to Redmond Police Department

Community Trash Cans Update ■ ■ ■ The trash cans have been successful in decreasing trash around the playground areas We need 4 volunteers to help with monitoring and removal of the trash As well as pulling the 35 gallon trash can out to the curb on garbage day and then rolling it back on Monday night

Garbage cans removal enforcement ➢ Our garbage pickup day is Monday ➢ The garbage cans need to be put out no earlier than Sunday ➢ The garbage cans need to be removed by Tuesday night ➢ We are going to start giving out fines for garbage cans left on the street on Wednesday Morning ➢ Warning will be issued and then $25 Fine

Your Ideas… We would like to take hear your ideas on what can be done in the community

Open Forum Questions and Answers

Appendix

Due Payment Process

Appfolio Cloud Software New software package for HOA Management □ □ Owners Portal – https: //woodbridgehoa. appfolio. com/connect/ Features: ■ ■ ■ Dues and Fines all via electronic payments ACH or Credit Card (Convenience Fee for CC transactions) Streamlined Electronic Communication Tracking for Inspections and Infractions Contact & Account Information Management

Owner Portal https: //woodbridgehoa. appfolio. com/connect/

2019 Income & Acct Balance Income Dues $163, 272 Escrow $2, 000 Interest $30 Total Income Total Expense Net Income $165, 302 $159, 907 $5, 395 Balance Cash (Jan 1) Cash (Dec 31) $96, 283 $101, 678

Expenses - 2019 Insurance Backflow Testing $2, 980 $510 Mulch $3, 500 Tree Removal $6, 700 Irrigation Repairs Subscription Technology Monthly Maintenance Misc Social July 4 th Easter Electricity $2, 500 Garbage $69, 960 $5, 000. 00 $700 Utilities $20, 000 $900 $1, 800 Water Appfolio Total Expenses $1, 650 $510 $40, 000 $3, 197 $159, 907

2018 Budget INCOME Annual Dues Townhomes Single Family Homes $21, 780 $154, 000 TOTAL Annual Dues $175, 780 Standard Operating Expenses $137, 100 Capital: Playground $125, 000 EXPENSES Capital: Sidewalk Repair $12, 000 Capital: Tree Replacement $16, 000 TOTAL Expenses NET 2017 BUDGET 2016 CASH RESERVES EOY 2017 CASH BALANCE $290, 100 $(114, 320) $130, 000 $15, 680