Thursday, November 29, 2012

Real Property Management Change of Address


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Thursday, November 22, 2012

2013 BUDGET NOTICE AND OPERATING BUDGET


IMPORTANT NOTICE

Your Association is in the process of changing the lock box where payments are sent.  Please be sure to mail your payments to the new lock box address that will be listed on your coupon book.  If you use automatic bill pay through your bank, please be sure to update the address and verify that you are using the correct account number.  If you are unsure of your account number, please email customerservice@rpmanagement.com.  If you are signed up for automatic withdraw through RPM, you will not need to make any changes.

THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

Notice of 2013 Budget and Condominium Fees

November 2012

Pursuant to the Declaration of The Villas at Riverbend Condominium Association, a budget has been established and approved by your Board of Directors for the calendar year 2013.


The monthly condominium fees will increase to $196 and $219 respectively,
effective January 1, 2013. 

Coupons for payment of your 2013 fees will arrive in December.  If you are on the “Auto Payment Plan” with RPM you will not receive coupons and your fee will continue to be automatically deducted. If you are not on the “Auto Payment Plan” with RPM and would like to start getting your monthly fee deducted from your bank account, you will find in your coupon book a form that you can send to our office with a voided check or you can call our office to get a form via e-mail or regular mail.



Unit Type

2012 Fee

2013 Fee

Villa, Chateau
$176.00
$196.00
Abbey, Canterbury
$199.00
$219.00


The Board has a fiduciary duty to operate the Association in accordance with sound fiscal practice. The Directors have approved the budget to ensure that operating and capital needs are adequately funded.

If you have any questions about the budget notice, please contact Stephanie Soroky at Real Property Management, Inc., 9054 Cotter Street, Lewis Center, Ohio 43035, by e-mail ssoroky@rpmanagement.com or call at (614) 766-6500.

By Order of the Board of Directors,

The Villas at Riverbend Condominium Association

2013 Adopted Budget


THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

November 2012

The OPERATING BUDGET provides funding for routine operational requirements.

A portion of your monthly fee is paid into the RESERVE FOR CAPITAL REPLACEMENTS.  Accumulating these funds annually accomplishes two goals;

A.         It tends to minimize the need for special assessments or steep fee increases in high expense years, and
B.         Payment of the replacement cost is associated with those homeowners who are actually consuming the asset; it is a "pay as we go" system of finance.

Separate accounting and separate funds have been established for each budget.

OPERATING REVENUE

Association Fees; $353,016 - The primary funding source for the Association. Every owner pays a monthly fee to fund the Association as prescribed in the Declaration and Bylaws.

Collection & Legal Assessments; $1,000 - The amount the Association collects in legal & collection charges due to delinquencies.

Clubhouse Use Fees; $650 - Amount collected from unit owners as a fee for the private use of the clubhouse.

Operating Interest; $36 - The amount earned on Association monies in the bank.

Late Charge Assessments; $500 - The amount assessed to owners who fail to pay fees by the due date.

OPERATING EXPENSE


Management Fees; $25,200 - This is the agreed contract amount for the professional services provided by Real Property Management, Inc.

Insurance; $25,582 - The primary coverage purchased by the Association is all risk, replacement cost property coverage on the common buildings, elements, liability coverage for the Association, and for directors and officers who serve the Association. 

Legal & Accounting; $1,195 - The anticipated cost for legal advice, costs incurred for collection activity and corrective action to address violations in the community.  This also includes the cost for the preparation of tax returns.

Administrative/Miscellaneous Expense; $2,166 - The costs associated with copies, postage, supplies, printing, faxes and payment coupons.

Electric; $5,759  - The cost to operate common area lighting.
Natural Gas; $2,420 - The cost of natural gas for the clubhouse.

Water & Sewer; $79,358 - The cost of all water and sewer charges billed for all water consumed by residents of Villas at Riverbend. 

Telephone; $480 - The cost to have a pool phone as required.

Trash Removal; $21,786 - The amount paid to a private hauler for weekly removal of refuse.

Repairs & Maintenance; $15,000 - This budget provides for elements of labor, supplies, services, and special projects.  Most of the work done is corrective, in response to unit owner requests.  An effort is made to plan for preventative maintenance tasks where beneficial, to help reduce cost and minimize service interruptions.

Clubhouse Maintenance; $2,000 - The allowance for any repairs or services that need performed on the clubhouse or in the fitness center.

Landscape Maintenance; $79,336 - Expenses associated with mowing, edging, pruning, fertilization, and aeration of the Association’s lawn and common landscape bed areas.

Pool; $6,280 - The cost for opening and closing the pool each season and the chemicals required to maintain the water properly.

Snow Removal; $20,000 - The anticipated cost of snow removal.

Capital Reserve Transfer; $64,608 - Portion of Association fee that goes to the reserve fund for future needs.

Social Functions/Other; $300 - Anticipated costs associated with planning and implementing social events for the community.

Contingency Expense; $3,732 - Amount allocated for any unanticipated operating expenses.

CAPITAL RESERVE REVENUE


Capital Reserve Assessment; $64,608 - The portion of the Association fee that goes to the reserve fund for future needs.

Initial Reserve Assessments; $2,490 - Amount received from each purchaser of a condominium at The Villas at Riverbend, each owner must pay at closing two month condominium fees into the reserve fund.

Capital Reserve Interest; $1,900 - The amount earned on reserve monies in the bank.

CAPITAL RESERVE EXPENSE


Street; $22,000 - Cost to repair the street in front of clubhouse and seal-coat the entire community.

Painting; $29,000 - Cost to paint 12 buildings – phase 2 of 3.
THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

2013 Adopted Budget

OPERATING REVENUE
                                   
                                    Association Fees                                353,016
                                    Collection & Legal Assessments            1,000
                                    Clubhouse Use Fees                                650
                                    Operating Interest                                       36
                                    Late Charge Assessments                        500                       

                                    Total Operating Revenue              $355,202

OPERATING EXPENSE

                                    Management Fees                               25,200
                                    Insurance                                             25,582
                                    Legal & Accounting                                1,195
                                    Administrative/Misc. Expense                2,166
                                    Electric                                                   5,759
                                    Natural Gas                                            2,420
                                    Water & Sewer                                     79,358
                                    Telephone                                                 480
                                    Trash Removal                                     21,786
                                    Repairs & Maintenance                        15,000
                                    Clubhouse Maintenance                        2,000
                                    Landscape Maintenance                      79,336
                                    Pool                                                        6,280
                                    Snow Removal                                     20,000
                                    Capital Reserve Transfer                     64,608
                                    Social Functions/Other                              300
                                    Contingency Expense                            3,732
                                                                                                           
                                    Total Operating Expense               $355,202

CAPITAL RESERVE REVENUE

                                    Capital Reserve Assessment               64,608
                                    Initial Reserve Assessments                  2,490
                                    Capital Reserve Interest                        1,900

                                    Total Capital Reserve Revenue      $68,998

CAPITAL RESERVE EXPENSE

                                    Street                                                   22,000
                                    Painting                                                29,000

                                    Total Capital Reserve Expense       $51,000

Friday, September 21, 2012

ORANGE TOWNSHIP FIRE DEPARTMENT OPEN HOUSE OCTOBER 6

The orange Township Fire Department will have an open house on Saturday, October 6, 2012, from 1:00 PM to 4:00 PM.  There will be many interesting things for both adults and children.

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Wednesday, August 08, 2012

FRONT AND GARAGE DOOR PAINTING PROCESS


When your doors are scheduled, you will receive this notice with the date. Generally, they will be done on Fridays.

Riverbend Painting Update
Painting of your front door and garage door is planned for Friday, 8/10/12 (weather permitting).  The painters will start early in the day so as to allow for maximum drying time. 

Please remember that your front door will need to be left open for several hours so that the paint can cure properly. 

Garage doors need not be left open, however owners should use a utility knife to score along the edge of the garage door weather-strip BEFORE opening as the paint may cause the weather-strip to adhere to the door.

If you have any questions, please contact Stephanie Soroky with RPM at 614-766-6500 x 142.  Thank you!

The Board of Directors
Villas at Riverbend Condominium Association

Monday, August 06, 2012

PAINTING SUMMER 2012


YOU CAN FIND YOUR BUILDING NUMBER ON YOUR MAP IN THE CENTER OF YOUR RIVERBEND DIRECTORY.  ONLY THE BUILDINGS NOTED WILL BE PAINTED THIS YEAR.

August 2, 2012


To:      The Residents of Buildings 1, 2, 3, 4, 5, 6, 25, 26 ,27, 34, 35

From:  Board of Directors

Re:     2012 Building Painting > Paint Schedule & Parameters

Our painting of the first group of buildings by Paint 4 You will commence the week of August 6th, weather permitting.  The tentative schedule is attached along with a site plan of the community showing these buildings and the corresponding units.

The following parameters will be used for painting your garage door and red front door:

1. Garage Door – If there are no vehicles parked in front of your garage    when   the painters are painting your unit, the door will be painted at that time.  Otherwise, they will have to return later to do this.

 2. Red Front Door – If you are home when the painters are working on   your unit, your door will be painted at that time.  The door will need to be open when it is painted so the edges can also be painted.  The door must remain open for a couple of hours for the paint to dry!

 3.  If you are not at home on that day, we will advise you of the day they  will be painting those doors that were missed. You will need to be available on that day or leave your key with a friend or neighbor who can open the door as needed.                  

Please note:

1.     If you have a patio, you will need to move your furniture, tables, pots etc. away from the fence so the painters can do their work.
2.   If you have a veranda please keep flowers etc; away from the rim that will be  painted.
3.     When your building is being painted, please make certain your vehicle(s) are in the garage and away from the door, or simply away from the building and garage altogether.  This is your responsibility. Neither Paint 4 You nor your Association will be responsible for paint on your vehicles if they are in the way. 

If you have any concerns after the painters have finished your unit, you may contact him Stephanie Soroky at 614-766-6500 x 142.


The following items will be painted:  

1.      All exterior trim that is currently painted.
2.      Garage door
3.      Front door
4.      The simulated red door on the second floor of the Abbeys and Canterburys.
5.      Wood panels behind gas meters

                     NOTE:  The Stucco will not be washed or painted.     

If you have any questions about this project, contact Stephanie Soroky at RPM at 614-766-6500, ext. 142.

Your Board realizes this may cause some inconvenience, but are most appreciative of your cooperation and understanding as we improve our community.

POWER WASH AND PAINTING SCHEDULE 2012

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Tuesday, July 31, 2012

LANA WEST

Calling hours will be 4-7 PM on Tuesday, July 31 at the Hill Funeral Home, 220 S. State Street, Westerville, OH. 

Services will be on Wednesday, August 1,  at 10:30 AM.

DIRECTIONS:
Take 750 East/Polaris Parkway over  71.
Turn Right on Orion Place. Go approximately .3 miles
Take the second left on County Line Road. Go approximately 1.9 miles
Turn right on North State Street.  Go approximately 1.2 miles south
Hill Funeral Home will be at 220 S. State Street on the left.



Saturday, July 28, 2012

ROBERT (BOB) KNOX

It is with sadness that we announce that Bob Knox passed away on July 26th. The services will be at the Rutherford Funeral Home, 515 High Street, Worthington, on Monday, July 30th. Calling hours will be 6-7 PM. A memorial service will follow at 7:00 PM.  A gathering will be held at the Riverbend Clubhouse from 8:00 PM to 11:00 PM.

Tuesday, July 10, 2012

NEW DOG LAWS

Section 955 of the Ohio Revised code is in regard to dogs. Several sections have been revised this year. Of particular interest is the issue of vicious dogs. Sections 08, 11,22 and 99 are effective earlier this year. you can click on the tab above to see the laws.

Friday, June 29, 2012

NOTICE WATERING BAN

DELCO hs ordered watering restrictions until July 6, 2012.  After that, some restricitons on days of watering remain.  You can still handwater plants and shrubs.


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Thursday, June 28, 2012

PATIOS AND MULCH

If you have a patio fence, you need ot insure that the dirt and/or mulch is not lying up against it.  It will allow bugs and moisture to damage the wood.

BOARD OF DIRECTORS

A new page has been added listing the Board of Directors.  Click on the tab marked  "Directors" and it will list their names.  Their phone numbers may be found in the Riverbend Directory. Welcome to our new Board Member Kathy Butzier.

Thursday, May 31, 2012

RECENT UPDATE INFORMATION

The Property Insurance Declarations for 2012-2013 are now published on the Insurance Page.

Newsletter Information and calendars are now published on the newsletter page.

Sunday, March 25, 2012

APRIL RIVEREND ACTIVITIES

The newsletter will be published on Page Two of the Riverbend Blog.  Phone numbers will not be published.
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