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Click here for a power point summary of the 2011-2015 Revitalization Plan

 
Woodstream Falls
PREVIOUS Revitalization Plan 2011-2016 - ALL DATE AND PROJECT ESTIMATIONS BEING RE-VISITED as of 7/01/2015
Previous Goals
1)    Increase Homeowner Value by:
    ·       Continuing to Invest in both infrastructure and curb appeal elements on an ongoing basis giving the highest priority to roofing & HVAC replacement.
    ·       Landscape, Xeriscape and hardscape replacement
    ·       Exterior building appearance (Painting & stucco repair)
    ·       Increase the focus on both energy and water conservation initiatives to reduce operating cost.
2)    Avoid the need for large special assessments & HOA fee increases
3)    Increasing the number of Owner/Occupants by a minimum of 10 % during the plan period (2011-2015) 
Previous Strategy
      For the past 3.5 years the board of directors has used a “pay as you go” approach for addressing the many maintenance items that were neglected by previous management companies.  The board of directors believes that staying with this approach for the next 5 years will allow the community to continue to make major investments in critical infrastructure ( like Roofs & HVAC systems) while continuing to enhance the livability of our community in a manner that is financially responsible and achievable. The 5 year plan that follows is developed with the same “do a little each year pay as you go” philosophy in mind. It is intended to act as a guide for the current and future boards of directors. This plan is will be reviewed and updated each year by the board as circumstances dictate. 
                                                           
 
 
PREVIOUS Year by Year Plan Objectives
2011
1)    Finalize and adopt a methodology for replacing the HVAC system and begin phase 1 of implementation (buildings J, K, L, M , N ,O)
2)    Continue replacement of highest priority roofs (Bldg T-1,3, 5 Bldg Z-4,5,6,7)
3)     Develop a new security/camera recommendation.
4)    Continue wooden step replacement (Entrance 1 & 4)
5)    Re-line stream and falls at main entrance (Water conservation)
6)    Begin phase 1 of asphalt replacement at main entrance
7)    Replace selected retaining walls
8)    Repair/Recover Balcony Rooftops “Dog Houses”
9)    Resurface Swimming Pool
10)    Develop comprehensive xeriscape/landscape plan. (water conservation)
2012
1)    Continue replacement of highest priority roofs
2)    Continue wooden step replacement (Entrance 1 & 4)
3)    Replace selected retaining walls
4)    Replace selected sidewalk trip hazards
5)    Phase 1 entrance light replacement with photocell fixtures (Conserve electricity)
6)    Improve property drainage as needed.
7)    Install security cameras based on recommendation
8)    Begin Phase 1 landscape/xeriscape recommendation.
2013
1)    Begin phase 2 of HVAC replacement strategy (Buildings P,Q,R,S G,H,I)
2)    Continue replacement of highest priority roofs (K-4,5,L-1 H-2, 3, I-1,2)
3)    Begin Phase 2 asphalt replacement Entrance 1 (south and east of parking structure)
4)    Continue wooden step replacement (Entrance 1 & 4)
5)    Replace selected retaining walls
6)    Replace selected sidewalk trip hazards
7)    Phase 2 entrance light replacement with photocell fixtures
 8)    Begin phase 2 of landscape/xeriscape plan.
 2014
1)    Continue replacement of highest priority roofs  (buildings O-1,3,5, C-2,3,5)
2)    Begin Phase 2 asphalt replacement Entrance 1 (south and east of parking structure)
3)    Replace selected retaining walls
 4)    Begin PHASE 1 exterior painting (buildings A, B, C, AA, W, X, Y, Z)
5)    Begin phase 2 of landscape/xeriscape plan.
6)    Phase 3 entrance light replacement with photocell fixtures  
2015
1)    Begin phase 3 of HVAC replacement strategy Buildings T,U,V,W,X,Y
2)    Continue replacement of highest priority roofs BB -1,3,4,6, N-2,3
3)    Replace selected retaining walls
 4)    Begin phase 3 of Landscape/xeriscape plan.
5)    Begin phase 2 exterior painting buildings K, L, M, N, O, P
6)    Resurface upper deck parking garage

2006-2010 

Woodstream Falls

 Home Owners Association

4 Year Revitalization Plan

Background

The new Woodstream Falls Board of Directors was installed in September 2006. Since that time, we have spent countless hours carefully reviewing the needs of the Woodstream Falls Community. We have also spent a considerable amount of time reviewing the contractual agreements, financial status, and capital improvement plans developed and given to us by the previous management company and Board of Directors.

Based on that review, the following 4-year plan has been developed to revitalize Woodstream Falls.

Goals of  “The Plan”

1)      To increase homeowner value

2)      To reduce HOA fees within 4 years

3)      To increase owner occupancy

4)      To improve the overall appearance of the community

5)      To improve the operational efficiency of the community

6)      To begin work immediately on needed infrastructure improvements without a special assessment

7)      To develop a sound financial plan for the future

8)      To improve the energy efficiency of the community

First Steps

Our first action as your new board was to rescind the very large special assessment imposed by the previous Board of Directors and Management Company.  

While the board believes that the elimination of the “special assessment” was a great first step for our homeowners, we also understand that the infrastructure repairs it was supposed to pay for are still facing us. We understand those infrastructure repair needs to be as follows:

1)      Roof replacement100_2132.jpg

2)      Repair & replacement of 2nd  floor entrance stairways

3)      Heating and cooling system improvements to increase performance, reliability and efficiency

4)      Repair & replacement of patio and balcony enclosures

5)      Repair & replacement of walkways, steps, bridges and landscaping

6)      General building maintenance and painting

New Roofs 06/01/08

New Penthouse DecksNew Roofs - Phase 1 - Completed July-2008

Overview of “The Plan”

To avoid creating a financial hardship for the association, and the need for immediate large homeowner special assessments, the Board of Directors believes it is best to address these issues over the next 4 years in stages with a “pay as you go” approach. While this approach will mean the some issues will not be addressed as quickly as we might like, it will allow us to prioritize those improvements that are most critical to the community and begin working on them this year.

This “pay as you go” approach also means that our association fees will not be reduced anytime in the near future. As fellow homeowners, the board shares the community’s interest in lowering association fees; however, an immediate lowering of fees will not allow us to proceed with these improvements in a timely manner. In November, the board voted to keep homeowner association fees at current levels for 2007. Based on current infrastructure needs and occupancy projections, we do not anticipate any change for 2008. We will continue to make every attempt to improve operating efficiency so that more money can be devoted to completing the larger projects needed to keep our community moving forward. We will do this by continuing to evaluate all service contracts, reduce cost, and eliminate waste without compromising service to the community wherever possible.

Our ability as a community to implement this plan is based on certain specific assumptions and projections regarding occupancy, the collection of HOA fees, and our understanding of the community’s infrastructure needs as they exist today. Should these projections change, or unforeseen expenses arise, the board will revise this plan as needed to keep Woodstream Falls moving forward.

This may include the need for extending the timeframe for completion of certain projects and or seeking other means of financing these improvements. In any case, the board will make every effort to achieve these goals without the need for large special assessments whenever possible.

Assumptions of “The Plan”

1)      We will increase active unit ownership to 90 % within the next 18 months.

2)      We will make improvements to the current heating and cooling system that will reduce the utility and repair costs associated with it and  prolong its useful life for at least for 4 years.

3)      We will reduce overall community operation and maintenance costs by 5 % per year over the next 4 years to pay for repairs.

4)      We will increase energy efficiency through community cooperation and education programs

5)      We don’t experience any unusual costly community maintenance or operational expenses for the next 4 years

The Plan Timeline

Stage 1 - May 1, 2007 – April 30, 2008

    

     Capital Improvement projects

1)      Begin replacement of  selectedl roofs & rooftop decks

2)      Repair/replace patio and balcony enclosures

3)      Upgrade the existing heating and cooling system to extend its life, and improve its reliability and performance.

 boilersnew.jpg

New Boilers Activated Fall 2007

4)      Repair/replace/remove walkways and steps, & bridges in common areas

5)      Repair/replace 2nd  floor entrance stairways

6)      Repair/resurface/remove selected structures with peeling paint and deteriorating

      wood construction (carports & overhead building connectors, & laundry rooms)

7)      Obtain a new engineering analysis to determine the best long term heating,

      cooling, insulation, and electrical solution for the community from the University

     

       Other Projects

1)      Begin homeowner/tenant energy conservation and education program.

2)      Address illegal/improper parking space usage.

3)      Increase communication efforts with owners, real estate community, and other governmental agencies to improve the public perception of Woodstream Falls.

4)      Reduce receivables

The implementation of each of these initiatives will be prioritized based its impact on homeowner safety, community appearance, and its long-term impact on the community’s financial position.

Stage 2  May 1, 2008 – April 30, 2009

       Capital Improvement projects

1)      Adopt a new heating/cooling/ insulation/ and electrical plan for the community

2)      Begin the 1st phase of implementing the new heating/cooling/insulation and electrical plan. (Proof of Concept)

3)      Repair/resurface exterior of clubhouse

4)      Develop and obtain bids on new landscaping plan.

Continue work on items 1-6 above started in stage 1

1)      Replace selected  roofs & roof top decks

2)      Repair/replace patio and balcony enclosures

3)      Upgrade the existing heating and cooling system to extend its life, and improve its reliability and performance.

4)      Repair/replace walkways and steps in common areas

100_2187.jpg

New stair Treads Started Fall 2008

 5)      Repair/replace 2nd  floor entrance stairways

6)      Repair/resurface selected structures with peeling paint

       Other Projects

1)      Continue homeowner/tenant energy conservation and education program.

2)      Step up communication efforts with owners, real estate community, and other governmental agencies to improve the public perception of Woodstream Falls.

3)      Develop new policy for posting signs in community

4)      Repair/ replace building designation letters

Stage 3 May 1, 2009 – April 30, 2010

Capital Improvement Projects

1)      Begin 2nd phase of community wide roll out of the new heating, cooling, insulation, and electrical improvements

2)      Begin implementation of new landscaping plan.

3)      Repair/replace 2nd and 3rd floor landings and stairways

4)      Evaluate progress on initiatives and develop the next three-year plan.

     

       Other Projects

1)  Continue homeowner/tenant energy conservation and education program.

2)      Step up communication efforts with owners, real estate community, and other governmental agencies to improve the public perception of Woodstream Falls.

3)      Begin sign improvements

Stage 4  May 1, 2010 – April 30, 2011

Capital Improvement Projects

1)      Continue roll-out of community wide new heating, cooling,  

      insulation and electrical improvements.

2)      Adopt a new three-year plan.