acc may 19, 2014 meeting presentation
DESCRIPTION
ACC May 19, 2014 Meeting Power Point PresentationTRANSCRIPT
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May 19, 2014 Meeting Agenda Welcome, 4:00 – 4:10 PM
4:10 - 5:00 pm –Facts about R. Master Plan & financial scam◦ RMP History◦ RMP current Update and Operating Costs/Assessment Impact◦ Facts about $10 Million Loan and Transfer Fee◦ Update - the facts of $175K Village Green Bar gift
(30 minutes presentation, plus 20 min Q & A)
5:00 pm - 5:30 pm – The United Board is working hard to save our community from mismanagement and financial ruin◦ The Truth About the United Mutual Lawsuit Against GRF◦ Insuring that all of us have a say in our governance◦ Require GRF to be fiscally responsible with our money in upgrading
and maintaining our facilities
5:30 pm - 5:45 pm – Conditions of our facilities and services 5:45 pm - 6:00 pm – Conclusion
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Keep Our Eyes on the Real Issue - Money
The real Issue is how do we get the most from our budget and how do we get the most from our project?
The “GRF 6,” a bare majority of the GRF Board, are determined to spend millions of our money whether we like it or not, to further their country club vision for our community, causing increases in our fees.
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Keep Our Eyes on the Real Issue - Money
Who wants to recall the entire United Board? ◦A small group of united homeowners,
supported mainly by people outside of United.Why do they want to get rid of our Board?◦Because the United Board is trying to stop the
runaway train of GRF spending.We need to get involved in choosing how our
money is spent and how All of our Board Members are elected!◦We need Volunteers and Contributions for
Globe ads & flyers etc.
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Recreation Master Plan History
By Carol Moore
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Which Would You Choose?
$25.00 $18.00 Do Nothing
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How A Multi-Million Dollar Project was Approved
and Consultants Recommendations
Ignored
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2011September 6th - GRF Board approves
Facilities Fee Fund with 90-11-87◦$1,500 fee to maintain and improve
November 1st – GRF Board approves Consultant 90-11-126
December 19th –GRF M & C Committee approves Renovation of Club House #2
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2012May 2nd – GRF Board approves CH #2
Renovation Ad-Hoc Committee 90-12-58July 11th – CH #2 Ad-Hoc Committee
Ewing Architects July - House and Harland Interior Design
GroupAugust – Group performs Due Diligence
and uncover misrepresentation by H & HCommittee Meetings cancelled, August 1
& September 5
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2012 ( cont.)September 12th – Doug Ewing presents
architectural conceptual design ideasOctober 3rd – meeting cancelledOctober 12th – meeting cancelled and
Lynne demands removal of director who reported bogus references
November 7th – Architectural concepts presented by Ewing. Lynne demands removal of United Director who questions design, but United Board refuses support
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2012 (cont.)November 14th – Lynne Dvorak elected
President of GRFNovember 14th – 2006 Tomko Woll
Report distributed to committee and vote taken place project on hold◦TW Report lists renovation of CH #2 nearly
$6 millionNovember 15th – GRF Special Meeting
held to approve GRF Committee members
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2012 (cont.)December 4th – GRF Resolution requires
Mutual Presidents prior to committee meetings if an alternate is designated temporarily
December 5th – Committee discussed 2006 study using summary prepared by staff.◦Tomko Woll estimated renovation cost of
nearly $6 million
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2013January 2nd – Committee meeting
cancelledJanuary 4th – GRF Board Resolution 90-
13-09 changes Facilities Fee “maintain” to “enhance”
January 21st – RBF Plan presented to Community Activities Committee
February 6th – CH #2 Renovation Ad-Hoc Committee votes to expand charter and change name to Master Plan Committee
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2013 (cont.)March 5th – ◦GRF Board Resolution 90-13-25 Recreation
Master Plan as prepared by RBF◦GRF Board Resolution 90-13-27 Recreation
Master Plan AD-Hoc Committee expands the CH #2 Renovation AD-Hoc Committee Charter to review the whole community before proceeding; Renovation Committee was cancelled
March 6th – Staff presents 4 alternatives to Recreation Master Plan Ad-Hoc Committee◦Committee directs staff for more information
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2013 (cont.)April 3rd – Recreation Master Plan 4
Alternatives presented with PricesApril 17th – Special Televised RMP Committee
meeting show Selecting and Approving Alt. #3May 7th – GRF Board Resolution 90-13-51
Approves Alt. #3June 10th – GRF Board Special meeting in CH
#5. Meeting taped for later broadcastAugust 6th – Lynne Dvorak Announces signing
$10 million loano Pat English, President, United Mutual asks for
documents
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2013 (cont.)September 3rd – GRF Board reports on RMP and
in Executive session voted to discipline Pat English for speaking on TV6 in opposition of the plan and the loan
September 23rd – Pat English finally receives Loan Documents
November 5th – GRF Resolution 90-13-98 approves Gate 16 Fitness Center design/site development/preparation of construction documents
November 13th – GRF election and 4 individuals elected who opposed spending
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2013 (cont.)November 27th – GRF Agenda Meeting,
Six Majority refuse to allow items about MRP to be placed on agenda—so no discussion
December 3rd – GRF Six majority conceal purpose of agenda item to discuss Trust Facilities Fee. There was no Resolution, fee increased to $2,500 without notice to community.
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2014January 7th – GRF Board attempts to
discipline Pat English
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MYTH BUSTERS
By Mary Stone
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MYTHS• $18.7 Million for Recreation Master
Plan “Alternative 3”• $10 Million Loan• Recreation Master Plan will be paid
by New Buyers through the Transfer Fee
• No Increase in our Assessments• “Baby Boomers” want Resort Style
Living
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$18.7 Million for Alternative 3MYTH
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FACT:May 7, 2013, the GRF Board of Directors
approves Alternative 3, for the implementation of the
LAGUNA WOODS VILLAGE RECREATION MASTER PLAN
at a projected cost of $18,717,500
RESOLUTION 90-13-51
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These are the projects that were listed in ALTERNATIVE 3:
Project Estimated Cost
Clubhouse 1 Table Tennis & Indoor PickleballClubhouse 3 ImprovementsClubhouse 4 Arts & Crafts ExpansionClubhouse 5 Drop-in LoungeClubhouse 6 Drop-in LoungeCommunity Center 3rd floor Education CenterFitness TrailsGarden Center 3Garden Center 3 Passive ParkGate 12 Main LoungeGate 12 Outdoor Events & Park SpaceGate 16 Community Green / PlazaGate 16 Fitness Center & GymnasiumPaddle Tennis / Pickleball RelocationVillage Greens Golf Practice Area
210,0001,241,2001,342,900 133,400 96,0001,400,000 289,0001,300,000 856,0003,150,000 389,000 550,0006,905,000 650,000 205,000
15 Projects TOTAL $18,717,500
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$10 Million LoanMYTH
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FACT: September 3, 2013 The GRF Board of Directors ratifies the agreements between GRF and Bank of America, dated July 10, 2013 (interest rate lock) and August 21, 2013 for a real estate loan in the amount of $10,000,000
Resolution 90-13-79
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The DEBT was for $10 Million
$10,000,000 Loan Amount Collateral: Community Center and
$2,961,782 Added to an Existing Account
To total $4,447,312* for Cash Collateral
43,587 Bank Fees24,250 Legal Fees
9,387 Escrow Fees
$6,970,993 Actual Loan Proceeds
*$1,485,530 in the Existing Account
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Recreation Master Plan will be paid by New Buyers
through the Transfer Fee
MYTH
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FACT: September 3, 2013The GRF Board of Directors rescinds
capital plan expenditures P07023, P10030, P11012, P12023, P13020, P13021, and supplemental appropriation items S03065 and S12045; and
appropriates $18,717,500 for the Recreation Master Plan, to be funded from the Facilities Fund;
Resolution 90-13-79
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Memo from Betty Parker 9/3/2013“Consolidate” Recreation Master Plan Funding
Project – Design Reference Reserve Funding
Gate 12 Planning & EngineeringPaddle Tennis Court ResurfacingClubhouse 3 RenovationRepurpose CH 1 Shuffle Board BClubhouse 2 RenovationClubhouse 2 Roof ReplacementGate 16 EntrancePaddle Tennis / Pickleball RelocationClubhouse 2 FurnishingsGate 12 Outdoor Events & Park SpaceClubhouse 3 Improvements Clubhouse 4 Arts & Crafts Expansion
P07023P10030P11012P12023P13020P13021S03065S12045
2014 Reserves2015 Reserves2015 Reserves2021 Reserves
420, 000 21,200 135,000 725,0002,942,100 217,000 286,500 75,400 150,0002,000,0001,241,200 650,000
Planned/Supplemental / & Reserves Rescinded /Consolidated
$8,863,400
Additional Funding Required Bank Loan $9,854,100
Recreation Master Plan Projected Cost $18,717,500
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No increase in our Assessments
(except for Cost of Living Increases)
MTYH
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Quick Budget Lesson
Two Main Parts
Operating – covers the ordinary day to day expenses
Reserves – for the repair and/or replacement of major components
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Operating ExpensesIncrease maintenance costs of the larger
Main Lounge & new facilities, fixtures, equipment,
Increase costs for staffing for new buildings Increase cost of Security/camerasIncrease cost of utilities, property taxes,
insuranceAdded cost to maintain two elevators and
indoor pool
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ReservesReserves appropriated in prior years were
taken to pay for the Recreation Master Plan. Supplemental appropriations will be
needed for items overlooked in the original planning and design of the new buildings
Need Reserves for major repairs of new Facilities and Equipment
Additional reserves must be budgeted for eventual replacement of the new buildings
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“Baby Boomers” want
Resort Style Living
MYTH
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What the facts say about where Boomers are headed!
Boomers will stay where they already are
They will move to be near grandchildrenThey will relocate to areas with a lower
cost of livingThey will choose less congested areasThere is a re-emerging trend toward
condos and smaller low maintenance homes and developments that offer special services for older people.
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A MYTH is a widely held but false belief or idea.
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Current Status
Loan and Destructive Testing
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LOANGRF Board borrows $10 million from Bank Of
America pledging GRF Trust Assets, GRF Assets and the Housing Mutuals are listed as Guarantors
Loan is not a Construction LoanInterest Rate is 4.3% FixedLoan Funded in August 2013◦ First principal & Interest payment was August 1st
◦ Approximately $55,000 principal monthly
◦ Approximately $35,000 interest monthly
◦ $350,000 interest paid in past 10 monthsWhat Were They Thinking?
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GRF after Much Community Pressure◦ Destructive Testing of CH #2 Completed
◦ Results No Dry Rot or Termites
Stucco in Good Condition
Foundation Needs to be Strengthened
Building Structurally Sound, Ceiling Beams Need Maintenance and Roof Repaired
Needs HVAC, Plumbing and Electrical Systems Upgraded
Needs insulation in walls and ceiling
◦ Current Estimate to Renovate, $4.5 to $5.0 million vs. New Main Lounge $7.3 million
Unfortunately, this should have been done last year
Ware Malcomb Engineering