united city of yorkville sunflower estates hoa ssa town hall meeting august 27, 2013
TRANSCRIPT
United City of Yorkville
Sunflower Estates HOA SSATown Hall MeetingAugust 27, 2013
Why we called this meeting We are proposing to fix three detention basins in the
subdivision
Basins have filled with silt and other debris, which reduces stormwater capacity
First option is to dredge the basins - $110,000 Annual SSA dues recommended to be $250 per home through 2023
Second option is to naturalize the basins - $55,000 Annual SSA dues recommended to be $150 per home through 2023
City must approve HOA SSA levy by December
Before we proceed…
The detention basin fix and the street flooding on Walsh Circle are not
related.
Location of Detention Basins
Naturalization vs. Dredging
Naturalization: Involves turning the basin into a wetland-
style basin
Benefits Cheaper than dredging, both in one-time
setup costs and ongoing maintenance Naturally filters pollutants in stormwater run
off Current standard for all new detention basins
in subdivisions
Naturalization drawback?
Naturalization vs. Dredging Dredging:
Simply removing the accumulated silt from the bottom of the basin
Benefits Leaves basin aesthetics as is
Drawbacks More expensive than naturalizing, both in initial cost
and long-term maintenance Must be done every 15-25 years No plant filtration of stormwater occurs
2008 2009 2010 2011 2012 2013$0
$20
$40
$60
$80
$100
$120
$140
$131.61
$114.61
$118.54
$64.36 $64.37 $64.37
Sunflower Estates HOA Dues per Year
Funding
Cost of naturalization $55,000Current fund balance $15,000Amount to fund with dues $40,000
Cost of Dredging $110,000Current fund balance $15,000Amount to fund with dues $95,000
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021
FY 2022
FY 2023
FY 2024
$0.00
$150.00
$56
$56
$56
$56
$47
$47 $30
$30
$22
$22
$94
$94
$94
$94
$103
$103
$120
$120
$128
$128
Sunflower SSA - HOA Dues for NaturalizationFiscal Years 2015 thru 2024
Special Assessment General Maintenance
An
nu
al H
OA
Du
es
FY 2015
FY 2016
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021
FY 2022
FY 2023
FY 2024
$0.00
$250.00
$156
$156
$156
$156
$147
$147
$130
$130
$122
$122
$94
$94
$94
$94
$103
$103
$120
$120
$128
$128
Sunflower SSA- HOA Dues for DredgingFiscal Years 2015 thru 2024
Special Assessment General Maintenance
An
nu
al H
OA
Du
es
TimelineEvent Date
Town Hall Meeting to Discuss HOA SSA Increase August, 26, 2013
City Council Review September or October, 2013
HOA SSA Tax Levy Ordinance Passed By City Council Prior to December 30, 2013
Normal yearly maintenance contract out to bid March 2014
Normal yearly maintenance contract awarded April 2014
Pond Action out to Bid Spring 2014
Pond Naturalization or Dredging Completed Summer 2014
HOA SSA taxes paid on property tax bill Summer 2014 and Fall 2014
HOA SSA taxes adjusted by City Council, if needed December 2014, for property taxes to be paid Summer 2015
Questions? Bart Olson, City Administrator
[email protected] 630-553-8537
Jeff Weckbach, Administrative Intern [email protected] 630-553-8565
Carlo Colosimo, Ward 1 Alderman [email protected] 630-408-0160
Ken Koch, Ward 1 Alderman [email protected] 630-553-6460