2020 Highlands Construction Project Nominations · Survey – Determine which project gains the most support to enter detailed planning phase. •**Using Survey Monkey •Results

2020 Highlands Construction Project Nominations

March 7, 2020

The Construction Project

Nominations/Selection Process

Survey –Determine which project gains the most support to enter detailed planning phase.

• **Using Survey Monkey

• Results published to HOA NabrNetwork

Detailed project planning

• Scope - including drawings and lot plans

• Schedule

• Cost – including final price, funding source(s), affect on dues (if any)

Full HOA Vote

• Approve / Reject Vote based on final plan

• Each household receives 1 vote

If Accepted, Contract Award & Execution

• Finalize contract with vendor

• Obtain necessary permits

• Begin construction

• Develop HOA policies (e.g. key cards, if applicable

Q1 2020 Q2 2020 Q3 2020

**The current survey serves only to inform the Board on which project to

prioritize in terms of detailed planning and funding efforts. The final vote will

simply be a yes/no formal ballot.

(weather / project dependent)

2020 Highland’s Construction Projects Nominations

Project #1 – Multi-Sport Court

Project #2 – Gazebo

Project #3 – Walking Track

Project #4 – Landscaping at Stirling / Muirfield Open Space

Project #5 - Pool

PROJECT #1 – MULTI-SPORT COURT

Project #1Project: Multi-Sport Court

Description: This 50’x150’multi-sport court includes anti-slip tiles. Multi-sport court can be used for basketball, hockey, volleyball, futsal, and tennis.

Cost: $75,000 - $88,000 (does not include the walking track)

HOA Dues: No increase to HOA dues

Maintenance: Minimal maintenance costs

Location: Pavilion open space to the bottom left

Duration: 6-8 weeks for completion

Project #1 (cont.) Approximate location for pool or Multi-Sport Court

PROJECT #2 – GAZEBO

Project #2Project: Gazebo

Description: 12’x12 wooden Gazebo including landscaping around the gazebo, and motion sensor lighting

Cost: $13,000 - $20,000

HOA Dues: No increase to HOA dues

Maintenance: Minimal maintenance costs

Location: Stirling and Muirfield open space (exact location to be determined)

Duration: 4-6 weeks of completion

Gazebo

PROJECT #3 – Walking Track

Project #3

Project: Walking Track

Description: 800 LF x 5’ wide asphalt walking track

Cost: $26,000 - $30,000

HOA Dues: No increase to HOA dues

Maintenance: Minimal maintenance costs

Location: Pavilion open space lower area. Around the outside edge of the property

Duration: 2-4 weeks of completion

PROJECT #4 – Landscaping At Stirling/Muirfield Open Space

Project #4

Project: Landscaping at Stirling/Muirfield Open Space

Description: Furnish and install shade trees (Cleveland Pear or Autumn Maple) boarding the corner edge of the open space

Cost: $5,000 - $12,000

HOA Dues: No Increase

Maintenance: No maintenance costs

Location: Stirling / Muirfield open space

Duration: 1-3 weeks of completion

PROJECT #5 – Pool

Project #5Project: Heated Community Pool & Restroom Facility

Description: 40’x60’ swimming pool – 31/2 – 5 ft deep

Cost: $200,000 - $250,000

HOA Dues: Increase dues. Additional *$15-20/month

*Depends on funding options & Optional Lifeguard – See Chart

Maintenance: Average $960 – $1,800/year

Location: Pavilion open space to the bottom left

Duration: 7-9 weeks for completion

Funding Options:

1) Use existing HOA funds AND obtain a loan to make up deficient funds, or

2) One-time assessment of $915+ per Unit

Security:

-Fence w/ key fob entry system.

-Required phone.

-Possible security cameras.

*Estimates are based on research conducted by the board and property management. Final expenses will be providedfor final approval.

# of Units 164

Assessment

Option

Loan

Option

Annual Dues Increase $30,220 $31,295

Per Unit/month $15 $16

Utilities

Electric $3,000 $3,000

Telephone $720 $720

Water $2,000 $2,000

Total Utilities Expenses $5,720 $5,720

General & Adm Expenses

Loan Payment $0 $1,075

Insurance $2,000 $2,000

Annual Maintenance Expenses $1,000 $1,000

Pool Services

CPO $1,500 $1,500

Lifeguard $18,000 $18,000

Total General & Admin $22,500 $23,575

Total Pool Expenses $28,220 $29,295

Reserve $2,000 $2,000

Total common expenses $30,220 $31,295

Comments

One time assessment - $915 per unit

Loan - $150K, 6.5% Interest Rate, 20 year term

Estimated Annual Expenses

Income

Click Here to take the survey

Thank you!

Please take the survey.

With this survey, you’ll be asked to rank the

improvement options by level of importance or desire. It

is important to note that your survey feedback does not

constitute a vote to proceed or not proceed with any

construction, but rather to inform the Board where

efforts should be focused in order to develop final plans

and cost estimates for a final “yes / no” vote, to be held

at a later date.

The survey will be available through March 31st,