Announcements, Events, Newsletters, Calendar


NEWS & ANNOUNCEMENTS

On this page:


HOA PLANS: The Board has been making plans for the upcoming year and welcomes input from all residents.

  1. Rotation painting in wood replacement (Building 6 – extensive wood repair).
  2. Step replacement and sealing throughout the community.
  3. Routine inspection and repair of the grill and common area.
  4. Biweekly trash pickup, trash area cleaning, and dog stations serviced.
  5. Landscape replacement and routine maintenance throughout the community.
  6. Gutter repair, replacement, and cleaning.
  7. Parking Lot routine maintenance.
  8. Monthly light inspections and replacement.
  9. Monthly dryer vent cleaning.
  10. Biweekly compliance inspections.
  11. Development of new Website and design of Newsletter.
  12. Community BBQ – picnic successful.
  13. New Post Office Box installed.

Please use the form on the Contact Us page to reach any board member if you see the need for improvements that will benefit all residents.


March 2019 — Landlord Agreement Notification: All owners who rent their condos to third parties must have a landlord agreement with APS Electric and Unisource Gas companies.


While these reminders seem obvious, we need to keep them in mind to prepare for the winter season and as we enjoy our complex with its natural beauty in the milder seasons. Stay informed. Summit Park will provide individual owners extra ice-melt for stairs and walkways. ♦ PLEASE DO NOT USE ICE-MELT from local hardware stores—it is highly corrosive to the concrete. ♦

DRYER VENT & FIREPLACE CLEANING (July 2019)
WINTER REMINDERS (updated 9/6/2018)
SPRING/SUMMER REMINDERS (updated 9/30/2017)


HOA INSURANCE COVERAGE REVIEW: The Board initiated a review of our total insurance coverage to ensure that our complex is adequately protected. Access the Insurance Review link and learn about all the different coverage areas we have. Following the review the Board voted to reduce our Umbrella insurance coverage to $2 million from $5 million. In addition, each owner should review their personal property insurance coverage to determine if they are covered or want coverage for the $5,000 HOA insurance deductible. Owner’s that are negligent may be assessed the HOA deductible as an Individual Expense Assessment per CC&R Sec. 6.2 (d).

HOA & PERSONAL PROPERTY INSURANCE: The HOA Board has expanded its insurance coverage to include interior building components such as carpets, trim, cabinets, fixtures, improvements, structural alterations and appliances. All owners were mailed an information letter regarding these changes. The Board recommends that you consult with your personal insurance company to ensure that you have the coverage that meets your needs.

Do you have adequate insurance protection for your Unit and your personal property? Does your personal policy include coverage for the HOA deductible of $5,000? What does the HOA policy cover? What does your personal policy cover? Are there any gaps in coverage that might cost you out of pocket expenses? Do you have loss assessment coverage? LEARN MORE

You may request a Certificate of Insurance which mortgage companies may request by contacting Hakes Insurance at service@hakesinsurance.com.

FHA LENDING APPROVAL: Summit Park is starting the re-certification process for status as an approved property for FHA mortgages. This expands selling and buying opportunities for owners and purchasers of units in our complex. A resident survey has been completed to support our re-certification process. See details of the survey on the HOA Board Information page.

LONG TERM CAPITAL RESERVE STUDY: The HOA Board completed an update to our Long Term Capital Reserve Study, first prepared in 2013 by Capital Analysts. Both studies identify the capital elements, costs to replace and timing of replacement for the common property at Summit Park. They then propose a plan to fund these replacement costs over a 30 year planning period.

The updated Study just completed recommends that our Reserve assessment of $45 per month per condo unit continue for 2017 with 1% annual increases for each of the next 10 years. The Board will review the updated study results and agree on a plan for the next several years. The Long Term Reserve Study should be updated about every 3 years.

Our Reserve assets have grown to $293,242 as of the end of August 2016 from about $15,000 at the end of 2008. Our reserve level is considered FAIR relative to our Fully Funded goal of $521,873. With slight 1% increases each year starting in 2018, it is possible to reach Full Funding at the end of 2021 if all things go according to plan.

In addition, our Money Market Savings account for unforeseen expenses has $103,128 and our checking account for monthly expenses has $67,318 year to date August 2016.

The Association is in a very good financial position and will continue to improve with the support of you, our members.

You can see both complete studies and the inventory of the Common Elements by clicking on the following links:

2013 Common Element Inventory   ·    2016 Common Element Update
2013 Long Term Capital Reserve Study  ·  2016 Long Term Capital Reserve Study Update
2018 Capital Reserve Study (10/11/18)


EVENTS/MEETINGS

Details are posted in the Calendar below, when available. Until further notice, meetings will be available only through Zoom. Zoom link details will be sent to owners in an email prior to each meeting.

  • 2021 BOARD MEETINGS: (@ 4 pm except where indicated) February 11 · April 8 · June 17 · August 12 · September 9 · October 16 (following the 10 am Annual Meeting)
  • 2021 PICNIC & SOCIAL EVENT – Following CDC guidelines due to the Covid pandemic, the Board of Directors will determine the status of a social gathering
  • 2021 ANNUAL MEETING: October 16 @ 10 am

CALENDAR

  • Click the preferred tab (week, month, agenda) at the top right of the calendar to display it in the format you wish to view.
  • Click on an event in any format (week, month, agenda) to view additional event details (if/when info is available).
  • Want to print the calendar? Select the preferred tab, click the Print icon & follow “next steps”.

If the calendar is not functioning properly, check back in a few minutes. Alert the Webmaster using the Contact Us form if further problems exist.


NEWSLETTERS

2017:    Winter
2016:    Summer   ·   Winter      2015:    Summer   ·   Fall
2014:    Summer   ·   Fall              2013:    Summer   ·   Fall
2012:    Summer   ·   Fall              2008:   Summer   ·   Fall