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Dear Friends and Neighbors,

Yesterday evening, at the homeowner’s meeting, several of the neighbors attended and along with the Board, engaged in a lively discussion regarding the updated Reserve Study. The Reserve Study was prepared for the HOA by LM Consultants, Inc., an Architectural and Engineering Consulting Firm and was previously forwarded to all owners on August 15th for review. As we previously advised you, the study is a 56 page long, comprehensive document that analyzes our present and future ability to financially manage and maintain the Linden Tree Lane community.

Because the Reserve Study has indicated that our reserves will fall short to cover the cost of future maintenance and repairs (i.e. roof replacement, pump house repairs/maintenance, etc) the Board requested that a committee of homeowners (perhaps 10) be formed to discuss, analyze and work together to create a solution that will be in the best interest of all. We anticipate that this Committee would meet monthly and would report to the Board prior to the each meeting. The time commitment will likely be an hour or two each month for the next few of months.

At the homeowner’s meeting yesterday evening, the following homeowners offered to participate in this Reserve Study Committee: Tolga Guder (4294); Patrick (Chase) Williams (4213); Lana Razumov (4285); and, Carol and David Blake (4252). In addition, Steve Leighton (4263), who has invested many hours of his time and provided us with his detailed analysis of the study, has indicated that he will attend the first committee meeting to help explain his understanding of the study. In addition, Jim Liddle (4254) has offered to investigate HOA loans.

There are many financially savvy homeowners in our community and we are hoping that some of you will share your talents by working on this project. The issues at hand will affect the entire community and your input is needed .

If you are willing to invest some time on this Committee, please contact me prior to September 8 . My contact info is as follows: [email protected] or (847) 922-4954.

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Best regards,

Carol A. Di Giacomo

President of Linden Tree Homeowners Assn.

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This is the reserve study conducted by the HOA for 2021. It is 56 pages long.

Linden Tree Reserve Study

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A couple of important points to note:
  1. Special assessments: 19 homeowners have not yet paid the special assessment. Please be reminded that the due date for this is July 1st. That is by this coming Thursday. If it’s not paid on a timely basis they will be referred to our attorney for collections. Please find my earlier email with detailed instructions on how to pay.
  2. Boxwood plant replacement: Unfortunately, a second count was done a month after our initial count, and an additional 244 boxwoods are dead/damaged from the blight & fungi. We are discussing preventative measures with Moore’s Landscaping and implementing them soon for this fall and the next year. Because of the extra damage, the special assessment could not cover this, and a portion of the landscaping budget for next year will be used. Please keep in mind that the boxwoods are being replaced, they are rolling them out over the summer but will go into the next year as well. So please be patient when Moore’s Landscaping is replacing them all.
  3. Budget study: The board is conducting a budget study to make sure we have a good operating budget and a healthy reserve fund. This was discussed during the meeting and we will let everyone know as soon as there are any updates.
Please let us know if you have any questions or concerns. Thank you

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Minutes from Linden Tree Lane HOA Annual Board Meeting June 14th, 2021

  1. Attendance:
    1. Board members: Carol, Shari, George, Bob, Dave; and Ken Walter.
    2. Home owners: Steve, Dennis, David Curtis, Sherry LeRoy
  2. Homeowners’ comments/questions were taken and answered
  3. Previous meeting minutes: Board approved minutes from May 10th meeting
  4. Treasurer report: Ken presented the financial report for May.
    1. Special assessment due date is July 1st
    2. If not paid on a timely basis they will be referred to our attorney for collections and homeowner will be responsible for legal fees.
  5. Landscape report: Bob went over landscape report.
    1. Additional 244 boxwood are affected by the blight and fungi and need to be replaced. The special assessment could not cover and a portion of landscaping budget for next year will be used.
    2. Replacement for the boxwood is being rolled out but will continue to take place until next year so please be patient
    3. Preventative measures are being discussed and implemented to prevent this going into the Fall and next year.
  6. Maintenance report: Shari gave update about maintenance.
  7. Website report: George updated about website status.
  8. Lighting report: John updated about lighting status: everything ok.
  9. New business:
    a. The board is conducting a reserve study to ensure we have a good operating budget and healthy reserve fund. We will send out more updates when there are new developments.
  10. Next meeting is on:
    a. August 18th 7pm via Zoom.
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HOA Minutes May 10

 

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Special Assessment Information

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Minutes from Linden Tree Lane HOA Board Meeting March 29, 2021

  1. Attendance:
    1. Board members: Carol, Shari, George, Bob, Dave; and Ken Walter.
    2. Home owners: Lynn Zingale, Bert Millhouse, David Curtis, Val Guder, Carol Blake, Steve Leighton, Dennis.
  2. Homeowners’ comments/questions were taken and answered
  3. Previous meeting minutes: Board approved minutes from February 29 meeting
  4. Treasurer report: Ken presented the financial report for February.
    1. Heavy snowfall push cost of snow removal to $16k over budget
  5. Landscape report: Bob went over landscape report.
    1. Plants (incl. 298 boxwood shurbs) damaged during unprecedented harsh winter. Cost of replacement $27k.
  6. Maintenance report: Shari gave update about maintenance.
    1. Everything is on track budget-wise
    2. Some winter damage regarding fences. Will assess further
    3. Working with Linhomes for a plan towards roof replacement
  7. Website report: Everything Ok (George)
  8. New business: Special assessment of $650 was proposed, discussed and passed by everyone who participated. To pay for $43k unexpected expense.
    1. Paid over 3 months: April May June. Due July 1 . Details in a separate email.
    2. General idea is we do not want to either touch our reserve budget or increasemonthly assessment fees.
  9. Next meeting is on: May 10th 7:30pm via Zoom/li>
by adminPosted on Posted in Meeting Minutes, Neighborhood News