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20 FOUR SEASONS BREEZE | FEBRUARY 2016 Architectural review Committee We make every effort to review each applicant promptly, but since the committee does not meet every week, it might take a couple of weeks to process some applications. The committee has 30 days from receipt of a valid submission within which to respond to the homeowner. This does not obligate the ARC to approve within that time, but a response must be made one way or another. Happily, most applications are within the guidelines and are approved. However, note that the ARC does not issue verbal approvals. A homeowner's project may be approved at an ARC meeting, but the homeowner must wait for the written letter of approval prior to starting work. Regardless of how anxious a homeowner is, or how much pressure there is from a contractor or supplier, work must not start until the homeowner gets the approval letter. For example: trenching, underground pipes or conduits, forming, earth work, planting, and/ or delivery of supplies and materials must not take place until the approval letter is received. This is more of a precaution to protect the homeowner than it is an arbitrary restriction. Often ARC places conditions on the work. Those conditions are spelled out in the letter of approval and can affect the proposed work. They can also affect the scope, means and methods of the contractor's obligations to the homeowner. If the contractor starts work without knowing and conforming to the conditions, some of the work might be wasted, and the homeowner must then pay extra to make it right. Also, by starting work too soon it is possible that the homeowner inadvertently violates the regulations of the HOA and the architectural guidelines. We try to avoid those negative situations and make improvements as easy as possible for homeowners. We meet on the first and third Wednesday of each month. Homeowners are always welcome. ~ Carl Buschmann The Finance Committee held its regular meeting on Dec. 29, 2015. The minutes from the November meeting were presented and approved. The Financial Statements for November were reviewed and reflected the following significant items: Net Income for the month was $20,141 and total reserves were $5,210,654. The Accounts Receivable (delinquencies) were $48,242. Our total HOA expenses for November (excluding reserve allocations) were $221,567. This was under budget by $58,680. The Front Yard Cost Center expenses for November 2015 were under the monthly budget by $3,507. The Springdale Cost Center Expenses for November 2015 were under the monthly budget by $141. The Finance Committee recommended that all CDs coming due in February be reinvested not to exceed a six-month term at the highest prevailing rate recommended by FirstService Investments. There were three Vendor Proposals presented and recommendations forwarded to the HOA Board. A report on the Accounts Receivable was given by Wayne Staples indicating that one large account was foreclosed on Oct. 5; a second that was scheduled to be foreclosed was postponed. The total number of delinquent accounts remains 0.69 percent of the total homes in the community. Our next regularly scheduled meeting will be held Feb. 23, at 1 pm in the Lodge Conference Room. ~ Noel Myers Finance Committee

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