August-December 2016 Newsletter
Dear Ashley Marina HPR Member:
THIS NEWSLETTER CONTAINS NUMEROUS IMPORTANT TOPICS, SO PLEASE READ IT CAREFULLY.
This newsletter has been posted to MyAshleyMarina.com and we ask that you review it on-line since we have links to our 2017 HPR Budget, our 2017 regime fee amounts, our 2016/2017dredging assessment, and our very detailed 2016 Annual Meeting power point slides and 2016 Annual Meeting Minutes.
Our Annual HPR Meeting was held December 8, 2016. We had good, active participation, and we established a quorum. We highly recommend you review our Power Point slides if you were unable to attend our December 8 meeting.
Election: During our December 8 Annual Board Meeting we held an election for 3 expiring Board members, and after taking nominations from both the floor and via mail, Bret Johnson, Kevin O’Donnell and Rick Cone were elected to your Board for another 2 year term.
Cash: As of 12-1-2016, our current cash and cash equivalents total $950,500 of which $35,500 is Operating, and $915,000 is in Wells Fargo Money Markets.
Accounts receivable of delinquent regime fees are:
$ 1480 1-30 day category
$ 25900 30-60 day category
$ 550 60-90 day category
$ 66800 greater than 90 days and in collection status (liens and Small Claims Court actions in process)
If you are one of the above delinquent slip owners, you need to address your financial responsibilities immediately! All administrative and legal fees associated our collection efforts are added to your delinquent regime account.
2017 Regime Fees increase: Your Board has approved our 2017 budget with a 2% increase in our regime fees, with 100% of this small increase in regime fees applied to our Reserve Accounts, as per our 2015 Reserve Study. We have attached your 2017 payment coupon that reflects the correct quarterly amount due on 1/1/17. Additionally, a full 2017 regime fee schedule is posted to MyAshleyMarina.com
Action #1: Please ensure you make the appropriate 2017 regime payments effective January 1, 2017.
2017 Dredging Special Assessment: Since our 2014 Annual HPR Meeting, the 4 preceding newsletters in 2015 and 2016, we have kept all slip owners apprised of our dredging initiative, and have provided an estimate of everyones’ upcoming Dredging Special Assessment that is due in 2 equal payments: 1/1/16 and 1/1/17. Additionally, in order to save our HPR $25K, it is our plan to close the majority of our parking lot in early 2017 (for approx. 30 days )in order to utilize it as our lay-down area for our dredge de-watering process.
Action #2: Please ensure your 1/1/2017 dredge assessment payment is sent in timely. Over 60-day late fees will apply on all unpaid Dredging Special Assessment balances.
On-going enforcement of Marina Rule and Regulation # 4: VESSEL CONDITION: “All vessels must be maintained in working order and in good operational condition. Vessels shall be kept clean and slightly. The Association manager shall have the right to have any un-kept, unsightly vessels repaired and/or cleaned (including corrosion), at the slip owners expense.”
Per direction from your Board, marina staff has made continued efforts to “clean-up” our small volume unseaworthy boats throughout 2016. We are making good steady progress and will continue this rigorous enforcement process into 2017.
Your Board, along with marina staff will continue to monitor the over-all health, infrastructure and visual appeal of our marina to ensure we are providing maximum investment return to both our recreational and investor slip owners.
Any questions or issues can be directed to our marina staff at 843-722-1996, or Staff@AshleyMarina.com