PWHOA Clubhouse

Budgets:

We continue to work diligently on finalizing PineWild’s proposed operating and reserve budgets for 2009.  Unfortunately, at the meeting on October 18th, the Board was unable to complete deliberation on the budgets.  Therefore, I am calling a special meeting of the Board of Directors for Saturday, Nov 1st, 2009, at 9:00 a.m. in the clubhouse and canceling the Nov 8th meeting. At this meeting the Board will vote on (among other items) approving the Proposed 2009 Operating and Reserve budgets. 

[Our latest Operating and Reserve budgets, as well as minutes and other PineWild documents, are available at our web site www.pinewildhoa.com.  Some documents are in the Member Login section). Hard copies are available upon request to the Office, office@pinewildhoa.com or tel: (775) 588-4743].

Under Nevada law, after the Board approves the proposed budgets, the homeowners have an opportunity to meet to ratify the budgets proposed by the Board.  Therefore, I am also calling for a special meeting of the PineWild Home Owners Association Members for Nov 21st, 2009 at 9:00 a.m. in the clubhouse.  At this meeting, unless more than 50% of the homeowners appear to vote against the budgets proposed by the Board, the Proposed Budgets will become the Final Budgets.  These Final budgets will then be sent out to the membership on or before December 1, 2009.

Reserve Study

We are currently finalizing the 30-year PineWild Reserve Study which was prepared by the Browning Reserve Group.  The details of the Reserve Study will be reviewed at the Nov 1st meeting.  Additional updates to the report, if any, will be posted at our web site.  The Browning Reserve Study can be found in the member’s section of our website under the “Financials” tab.  Without getting into a lot of detail about the Reserve Study, Browning has recommended PineWild increase its reserve contributions, which is one of the factors why our budget is larger than in previous years.

Earthquake/Flood Insurance

Lastly, the Board would like to hear your opinion on retaining Earthquake and Flood insurance in 2009. In 2008, this coverage cost approximately $50,000 (about $30 per unit per month).  We also pay approximately $40,000 for fire and other insurances.

Individual unit owners can get personal property and interior improvement and betterment earthquake coverage without PineWild purchasing master earthquake/flood coverage for association owned property (the buildings, roads, dock, …).  Our current earthquake/flood deductible is 5% or $25,000 per line of coverage (each building, roads, dock, …) which ever is greater.  Our total coverage of $35 million would rebuild all our units at $175 per square foot. Other than noting that PineWild is located in an active seismic zone, other Pro and Con arguments will not be included here.  Please send us your opinion as to whether you believe PineWild should retain or cancel this coverage. 

Maintenance

The Board has hired Steve Breit to do our snow removal for the winter season.  Steve has been doing the spraying of our buildings and deck inspections for many years without incident.  Steve has decided to spend the winter at PineWild rather than his farm in Missouri.  Steve will be available 24x7, 7 days a week for snow removal from the driveways and walkways.

CC & Rs

Immediately following the Nov 1st Board meeting, the CC&R Committee will review the latest draft of the CC&Rs updated by our Attorney, Gayle Kern. The committee’s goal is to present these CC&Rs to the membership for formal approval at the Annual Board and Homeowners meeting in February, 2009.  The last time the CC&Rs were changed was 1990 (and that was just 1 paragraph!).  The world has changed since our CC&Rs were written in 1973.  You are invited to participate should you desire.  A draft of the CC & Rs will be soon posted on the website.  You may also contact Committee Chair Bill Cobb (wcobb@etsreno.com or 775.7896.3930 to submit any questions or comments.

As usual, contact me at drjkurylo@aol.com or our office staff at office@pinewildhoa.com with ideas, questions, comments or concerns.  We are all here to serve you.  Thank you to all of who did contact me.

Sincerely yours,

John Kurylo
President, PWHOA