President Ryan Montgomery called the general meeting to order at 9:00 AM. Following the Pledge of Allegiance, new homeowners Diane and Dave Payne introduced themselves. They reside on Cobalt Court. Ryan also acknowledged Lyle Brekke for hosting an appreciation lunch for the Desert Concepts employees on the PRCC patio.
The minutes of the January 25th meeting were approved.
Golf: Income from green fees increased 13% over this time last year.
Landscape: Julio Castro, Desert Concepts, reported on gardening practices with regards to the annuals planted each year at PRCC.
Pools & Spas: Pool fencing around Terra Cotta is nearing completion.
Social: Ryan acknowledged Lyle Brekke for the idea and organization of an appreciation meal for the Desert Concepts crew at the end of a work week on Friday, 2/21.. Lyle, Joanie Brekke and volunteers barbequed carne asada and trimmings. Nancy Haugen again thanked the volunteers for all their work with the spaghetti feed 2/1, Super Bowl party 2/2, Valentine's Happy Hour 2/14 , and Desert Concepts meal. Without volunteers there wouldn't be as many events for the PRCC residents.
Nancy also informed homeowners that an HOA electronic survey would arrive in their emails. This is the first survey ever conducted and all completed surveys are strictly confidential and anonymous. All homeowners are encouraged to complete the survey to help direct the board of directors with future decisions.
Nancy also reported the PRCC website, had 750 hits on February 21st. Amazing. http://www.palmroyalecc.com/
Financials: Iyad Khoury of Avail Property Management reported we are a little under budget on our yearly operating budget.
Tom Bliesath and Ryan Montgomery then conducted the board's discussion of the financials. Under this portion of the meeting, the homeowners are observers of the board's financial discussions but are required to hold questions until the meeting is turned over to the open forum.
It was reported that in the past year and one-half that over $200,000.00 was spent from the Reserve Fund on projects needing attention:
Pool Fencing $150,000.00
(as mandated by the Riverside County
Sewer Line 23,000.00
Pro Shop 25,360.00
Bathrooms updated 6,060.00
Roof rebuilding as needed
Several projects for the near future:
Pool decks, including coping $154,000.00
Resurfacing pool bottoms (Mandated) 96,000.00
Bringing stairs and railings to code 90,000.00+
The financials are in two separate categories defined by law:
1. Operating Income is used for ongoing maintenance of golf course and common area upkeep such as tree trimming, annuals, utilities, etc.
2. The Reserve Fund is for replacing roofs, fences, swimming pools, painting, and street paving.
Palm Royale is 25 - 30 years old and there are areas needing upgrading and renewing. The monies for these areas come from the Reserve Fund. Of your $350.00 monthly dues, $48.00 per month is deposited in the Reserve Fund.
During Open Forum, many questions were asked by homeowners as well as many suggestions made regarding raising dues, issuing an assessment, and taking out a loan in the amount of $400,000.00. This meeting was to inform and educate homeowners. Therefore, no action was taken at this time.
The next HOA meeting will be the Annual Meeting on March 22nd at 9:00 AM, in the clubhouse. It is important that everyone votes, as the number of votes received will count towards a quorum. If a quorum is not received, there won't be an Annual Election, nor can new board members be announced.
President Ryan Montgomery then brought the meeting to a close.