Provide Provide

Niceville City Hall7:00 PM6 March 2012

RBOA INC 2012 ANNUAL MTG

RBOA INCRBOA INC

Welcome -- thanks for coming Welcome -- thanks for coming

Your participation in conduct of RBOA Your participation in conduct of RBOA is is greatly appreciatedgreatly appreciated

402 members strong402 members strong Board of Directors, Committees Board of Directors, Committees

All VolunteersAll Volunteers

AGENDAAGENDA

CALL TO ORDERCALL TO ORDER QUORUM VALIDATIONQUORUM VALIDATION ANNOUNCEMENT OF STANDARDSANNOUNCEMENT OF STANDARDS ELECTION OF DIRECTORSELECTION OF DIRECTORS COVENANT AMENDMENTSCOVENANT AMENDMENTS TREASURER’S REPORTTREASURER’S REPORT PROPOSED 2012 BUDGETPROPOSED 2012 BUDGET COMMITTEE REPORTSCOMMITTEE REPORTS OPEN DISCUSSION OPEN DISCUSSION

BOARD OF DIRECTORSBOARD OF DIRECTORS

PRESIDENT PAUL MARYESKIPRESIDENT PAUL MARYESKI VICE PRES AL HABERBUSCHVICE PRES AL HABERBUSCH TREAS/SEC LINDA BLYTHETREAS/SEC LINDA BLYTHE ENVIRONMENT BILL PATRICK ENVIRONMENT BILL PATRICK ARCHITECTURE PAUL MARYESKI*ARCHITECTURE PAUL MARYESKI* COMPLIANCE AL HABERBUSCHCOMPLIANCE AL HABERBUSCH MAINTENANCE SHAWN BEAUCHAMP MAINTENANCE SHAWN BEAUCHAMP

*acting*acting

SPECIAL THANKSSPECIAL THANKS ARCHITECTURAL CONTROL ARCHITECTURAL CONTROL

COMMITTEECOMMITTEE PAUL GRIMMIG, BILL OSTHOFF, & PAUL MARYESKIPAUL GRIMMIG, BILL OSTHOFF, & PAUL MARYESKI

WEBSITE MANAGEMENTWEBSITE MANAGEMENT MICHAEL & JONI MCCAINMICHAEL & JONI MCCAIN

BOOK KEEPINGBOOK KEEPING MICHELLE ATKINSON (ON CONTRACT)MICHELLE ATKINSON (ON CONTRACT)

LANDSCAPING LANDSCAPING PRO EARTHSCAPES (ON CONTRACT)PRO EARTHSCAPES (ON CONTRACT)

SPECIAL THANKSSPECIAL THANKS LAWN MAINTENANCELAWN MAINTENANCE

S & P LAWN SERVICE (ON CONTRACT) S & P LAWN SERVICE (ON CONTRACT) TAX ACCOUNTANTTAX ACCOUNTANT

STEPHEN SHELTON, CPASTEPHEN SHELTON, CPA ENTRANCE LIGHTINGENTRANCE LIGHTING

DESTIN LIGHTINGDESTIN LIGHTING LEGAL ASSISTANCELEGAL ASSISTANCE

BECKER & POLIAKOFF (ON RETAINER)BECKER & POLIAKOFF (ON RETAINER)

SPECIAL THANKSSPECIAL THANKS

LEGAL ASSISTANCELEGAL ASSISTANCE BECKER & POLIAKOFF (ON RETAINER)BECKER & POLIAKOFF (ON RETAINER)

JOHN ANDRLEJOHN ANDRLE GETTING THE WORD OUT (LAKE GETTING THE WORD OUT (LAKE

MATTERS)MATTERS)

PURPOSE AND POWER OF THE PURPOSE AND POWER OF THE ASSOCIATIONASSOCIATION

““This Association is non-profit, does not This Association is non-profit, does not contemplate pecuniary gain or profit to contemplate pecuniary gain or profit to the members thereof. The specific the members thereof. The specific purposes for which it is formed are to purposes for which it is formed are to provide for maintenance, preservation and provide for maintenance, preservation and architectural control of the residential architectural control of the residential properties and to promote the health, properties and to promote the health, safety and welfare of the residents of said safety and welfare of the residents of said properties.” (Article III of the By Laws)properties.” (Article III of the By Laws)

ROCKY BAYOU OWNERSHIP ROCKY BAYOU OWNERSHIP ASSOCIATIONASSOCIATION

QUORUM VALIDATION (26% of 402 = 105)QUORUM VALIDATION (26% of 402 = 105)

ANNOUNCEMENT OF STANDARDSANNOUNCEMENT OF STANDARDS

ELECTION OF DIRECTORSELECTION OF DIRECTORS 7 TOTAL: 5 NEEDED FOR QUORUM, 4 MUST 7 TOTAL: 5 NEEDED FOR QUORUM, 4 MUST

VOTEVOTE NOMINATIONSNOMINATIONS RESULTS -- RESULTS --

COVENANT AMENDMENTSCOVENANT AMENDMENTS

COVENANTS COVER EACH OF 13 UNITSCOVENANTS COVER EACH OF 13 UNITS Each has expiration dateEach has expiration date Legal steps required to extendLegal steps required to extend

UNIT 3 COVENANTS EXPIRE 15 MAR 2012UNIT 3 COVENANTS EXPIRE 15 MAR 2012 Sharon, Ruckel, Wava & Kristin CircleSharon, Ruckel, Wava & Kristin Circle Majority of 67 property owners must formally Majority of 67 property owners must formally

approve extensionapprove extension Letter with ballot sent in Jan 2012Letter with ballot sent in Jan 2012 Status:Status:

COVENANT AMENDMENTSCOVENANT AMENDMENTS

UNIT 1 COVENANTS EXPIRE UNIT 1 COVENANTS EXPIRE DEC DEC 20132013 FOREST ROAD, SHARON, MARION, GOLF FOREST ROAD, SHARON, MARION, GOLF

COURSE COURSE UNIT 2 COVENANTS EXPIRE UNIT 2 COVENANTS EXPIRE SEPT SEPT

20132013 FOREST ROAD, COLLEGE BLVD, DIANE, FOREST ROAD, COLLEGE BLVD, DIANE,

IRENE CT, CARR, JASON, LAKE AMICKIRENE CT, CARR, JASON, LAKE AMICK

TREASURER’S REPORTTREASURER’S REPORT

$44K Annual Program$44K Annual Program 402 mbrs x $110402 mbrs x $110

Money Mkt: $20,100 Money Mkt: $20,100 Checking: $2,500Checking: $2,500 Dam Fund: $5,400Dam Fund: $5,400

____________

$28.000*$28.000*

*as of 31 Dec 2011 *as of 31 Dec 2011

*as of 31 Dec 2010 ($31,100)*as of 31 Dec 2010 ($31,100)

2012 Annual Budget2012 Annual Budget Income Income

Annual DuesAnnual Dues $44,220$44,220 Interest/DonationsInterest/Donations 600 600

Total incomeTotal income $44,820$44,820 Expenses Expenses

Accounting Accounting 3,000 3,000 AdministrativeAdministrative 1,200 1,200 Grounds KeepingGrounds Keeping 8,000 8,000 InsuranceInsurance 6,000 6,000 LandscapingLandscaping 6,500 6,500 Legal & Professional 6,500Legal & Professional 6,500 Newsletter 1,000Newsletter 1,000 Projects 3,000Projects 3,000 Repairs & Maintenance 1,500Repairs & Maintenance 1,500 Entrance Ways 1,000 Entrance Ways 1,000 Taxes Taxes 500 500 Utilities (elect/water)Utilities (elect/water) 5,500 5,500 Other (web site)Other (web site) 125 125

Total Expenses Total Expenses $43,825$43,825

Net Gain (Loss)Net Gain (Loss) $ 995 $ 995

DUES INCREASEDUES INCREASE

NEEDED TO REPLENISH WORKING CAPITALNEEDED TO REPLENISH WORKING CAPITAL TO CONTINUE WITH PROJECTS/IMPROVEMENTSTO CONTINUE WITH PROJECTS/IMPROVEMENTS

BOARD OF DIRECTORS TO ADDRESS IN 2012BOARD OF DIRECTORS TO ADDRESS IN 2012 HELP US PROVIDE OPTIONS/RECOMMENDATIONS HELP US PROVIDE OPTIONS/RECOMMENDATIONS BOD CAN INCREASE DUES BY 10% ANNUALLY BOD CAN INCREASE DUES BY 10% ANNUALLY

WITHOUT MEMBERSHIP APPROVALWITHOUT MEMBERSHIP APPROVAL CONSIDER LAKE EFFECT (HENDERSON DAM 2005)CONSIDER LAKE EFFECT (HENDERSON DAM 2005)

ALL RBOA PROPERTIES ASSESSED $97ALL RBOA PROPERTIES ASSESSED $97 HENDERSON LAKE PROPERTIES CONTRIBUTED APPROXHENDERSON LAKE PROPERTIES CONTRIBUTED APPROX

$2,000 EACH (50 OF 56 PROPERTIES) $2,000 EACH (50 OF 56 PROPERTIES)

DUES INCREASE CON’TDUES INCREASE CON’T

LAKES ARE MAJOR EXPENSE LAKES ARE MAJOR EXPENSE INFRASTRUCTURE PER MOA WITH RBCCINFRASTRUCTURE PER MOA WITH RBCC VEGETATION: TREATMENT IS EXPENSIVEVEGETATION: TREATMENT IS EXPENSIVE DIFFERENT APPROACHESDIFFERENT APPROACHES

ALL PAY SAME AMOUNT ALL PAY SAME AMOUNT LAKEFRONT PAY HIGHER ANNUAL DUESLAKEFRONT PAY HIGHER ANNUAL DUES

REFLECTS HIGHER PROPERTY VALUE/MORE IMPACTREFLECTS HIGHER PROPERTY VALUE/MORE IMPACT $ COLLECTED IS FENCED FOR LAKE $ COLLECTED IS FENCED FOR LAKE

EXPENSES EXPENSES

DUES INCREASE CON’TDUES INCREASE CON’T MANAGEMENT COMPANY PROPOSALMANAGEMENT COMPANY PROPOSAL

CONTRACT FOR SERVICES RENDEREDCONTRACT FOR SERVICES RENDERED BOOK KEEPING, BILLING, COMPLIANCE INSPECTIONS, BOOK KEEPING, BILLING, COMPLIANCE INSPECTIONS,

ACC ADMINISTRATIONACC ADMINISTRATION MORE EFFICIENCY/CONSISTENCYMORE EFFICIENCY/CONSISTENCY

RBOA NEEDS IMPROVED RECORD KEEPINGRBOA NEEDS IMPROVED RECORD KEEPING STATUTORY COMPLIANCE STATUTORY COMPLIANCE

SHOULD ENCOURAGE VOLUNTEERS FOR SHOULD ENCOURAGE VOLUNTEERS FOR

BOARD OF DIRECTOR SERVICEBOARD OF DIRECTOR SERVICE

LAKE AMICK/PHELPS DAMLAKE AMICK/PHELPS DAM

FIXED IN 2010 ($11,000 EXPENSE)FIXED IN 2010 ($11,000 EXPENSE) Contract with Utility Solutions GroupContract with Utility Solutions Group

FAILED AGAIN IN 2011FAILED AGAIN IN 2011 Different section of outflow pipeDifferent section of outflow pipe Contract with Construction Service Contract with Construction Service

CompanyCompany Decision to replace entire outflow structureDecision to replace entire outflow structure

Fixed/paid $21,100Fixed/paid $21,100

SPECIAL ASSESSMENTSPECIAL ASSESSMENT

SPECIAL ASSESSMENT SPECIAL ASSESSMENT TO RECOUP $$TO RECOUP $$

LAKE AMICK/PHELPS DAM REPAIRLAKE AMICK/PHELPS DAM REPAIR $32,100 total for both fixes$32,100 total for both fixes

$75 x 402 = $30,150$75 x 402 = $30,150 Under BOD reviewUnder BOD review

Approval from membership requiredApproval from membership required Look for Special Meeting in coming monthsLook for Special Meeting in coming months Any/all ideas welcomeAny/all ideas welcome

COMMITTEE REPORTSCOMMITTEE REPORTS

ENVIRONMENTALENVIRONMENTAL

COVENANT COMPLIANCE COVENANT COMPLIANCE

ARCHITECTURAL CONTROLARCHITECTURAL CONTROL

COMPLIANCECOMPLIANCE

ENVIRONMENTALENVIRONMENTAL

ENVIRONMENTALENVIRONMENTAL

THE LAKESTHE LAKES: Amick, Phelps, Werk, Kenny, : Amick, Phelps, Werk, Kenny, Henderson Henderson

CLOSE CONTACT WITH THE “LAKE DOCTOR” FOR VEGETATION CONTROL ON ALL LAKES

LAKE HENDERSON & LAKE WERK MORE PROBLEMATICAL LAKE WERK: SPATTERDOCK LILIES MONITOR SITUATION AND ADDRESS IN 2012

CHEMICAL TREATMENT IS COSTLY

VEGETATION CAN BE CONTROLLED - NOT ELIMINATED

PLEASE LET THE BOARD KNOW IF YOU SEE A PLEASE LET THE BOARD KNOW IF YOU SEE A PROBLEM DEVELOPING--thanksPROBLEM DEVELOPING--thanks

ALLIGATORSALLIGATORS

FALL 2011 SMALL ALLIGATOR SPOTTEDFALL 2011 SMALL ALLIGATOR SPOTTED FLORIDA FISH & WILDLIFE CONTACTEDFLORIDA FISH & WILDLIFE CONTACTED

RESPOND IF GREATER THAN 4 FEET IN LENGTHRESPOND IF GREATER THAN 4 FEET IN LENGTH GATORS GROW ONE FOOT EACH YEARGATORS GROW ONE FOOT EACH YEAR

TRAPPER UNSUCCESSFULTRAPPER UNSUCCESSFUL BE CAREFUL WITH CHILDREN & SMALL PETSBE CAREFUL WITH CHILDREN & SMALL PETS GIVE US A CALL IF YOU SEE A GATORGIVE US A CALL IF YOU SEE A GATOR TELL US IT IS BIGGER THAN 4 FEET IN LENGTH!!TELL US IT IS BIGGER THAN 4 FEET IN LENGTH!!

beaversbeavers

BEAVERSBEAVERS BEAVERS AT WORK IN LAKE WERK!BEAVERS AT WORK IN LAKE WERK!

SMALL DAM CONSTRUCTEDSMALL DAM CONSTRUCTED NOT CAUSING A FLOW PROBLEMNOT CAUSING A FLOW PROBLEM

EMERALD COAST WILDLIFE REFUGE CALLEDEMERALD COAST WILDLIFE REFUGE CALLED DOES NOT RELOCATE BEAVERSDOES NOT RELOCATE BEAVERS RECOMMENDED TRAP AND DESTROY DAMRECOMMENDED TRAP AND DESTROY DAM

STEEL TRAP PERMIT OBTAINED BY RBOASTEEL TRAP PERMIT OBTAINED BY RBOA BEAVER TRAPPED AND REMOVED BEAVER TRAPPED AND REMOVED

BY LAKEFRONT OWNERBY LAKEFRONT OWNER

((PROTECT TREES WITH FENCING/WIRE MESH)PROTECT TREES WITH FENCING/WIRE MESH)

COVENANT COMPLIANCECOVENANT COMPLIANCE

FINING AMENDMENTFINING AMENDMENT

AMENDMENT TO THE BY-LAWS IN 2010AMENDMENT TO THE BY-LAWS IN 2010 PROVEN HELPFUL WITH COV PROVEN HELPFUL WITH COV

ENFORCEMENTENFORCEMENT 3 NOTICES SENT FOR FINING HEARING3 NOTICES SENT FOR FINING HEARING

TWO VIOLATIONS CORRECTED W/O HEARINGTWO VIOLATIONS CORRECTED W/O HEARING ONE FINING HEARING CONDUCTEDONE FINING HEARING CONDUCTED

FINE ESTABLISHED ($25 DAILY TO MAX $2500)FINE ESTABLISHED ($25 DAILY TO MAX $2500) FINE SUSPENDED PENDING CORRECTION FINE SUSPENDED PENDING CORRECTION PLAN/FIX IN WORK AT THIS TIMEPLAN/FIX IN WORK AT THIS TIME

COVENANT COMPLIANCECOVENANT COMPLIANCE COVENANT COMPLIANCECOVENANT COMPLIANCE

APPROACH PER SEPT 2006 LETTER TO ALL RBOA MEMBERSAPPROACH PER SEPT 2006 LETTER TO ALL RBOA MEMBERS

DIRECT NOTIFICATION TO PROPERTY OWNERSDIRECT NOTIFICATION TO PROPERTY OWNERS FIRST STEP LETTERFIRST STEP LETTER IF NO RESOLUTION LETTER FROM ATTORNEYIF NO RESOLUTION LETTER FROM ATTORNEY APPROACH NOW MODIFIED SO SECOND STEP IS POTENTIAL APPROACH NOW MODIFIED SO SECOND STEP IS POTENTIAL

FINE LEVIED BY BOD (PER BY-LAW CHANGE VOTED AT 2010 FINE LEVIED BY BOD (PER BY-LAW CHANGE VOTED AT 2010 ANNUAL MEETING) ANNUAL MEETING)

THEN LETTER FROM ATTORNEY AS THIRD STEPTHEN LETTER FROM ATTORNEY AS THIRD STEP

DISCREPANCIESDISCREPANCIES

GENERALLY A LACK OF KNOWLEDGE OF COVENANTS SPECIFICSGENERALLY A LACK OF KNOWLEDGE OF COVENANTS SPECIFICS

THIRTEEN (13) SEPARATE UNITS WITH INDIVIDUAL COVENANTSTHIRTEEN (13) SEPARATE UNITS WITH INDIVIDUAL COVENANTS

COVENANT COMPLIANCECOVENANT COMPLIANCE

COVENANT COMPLIANCECOVENANT COMPLIANCE

COVENANT COMPLIANCECOVENANT COMPLIANCE COVENANT COMPLIANCE (CONTINUED)COVENANT COMPLIANCE (CONTINUED)

Recent HistoryRecent History 16 in 200916 in 2009 9 IN 2010 – 2 REPEAT VIOLATIONS SO ONLY 7 PROPERTIES 9 IN 2010 – 2 REPEAT VIOLATIONS SO ONLY 7 PROPERTIES

INVOLVEDINVOLVED 8 in 2011 – FINING PROCESS USED SEVERAL TIMES TO GAIN 8 in 2011 – FINING PROCESS USED SEVERAL TIMES TO GAIN

COMPLIANCECOMPLIANCE 2010/11 MOST VIOLATIONS ARE BOATS/JET SKIS & 2010/11 MOST VIOLATIONS ARE BOATS/JET SKIS &

TRAILERS; UTILITY TRAILERS (OPEN & CLOSED)TRAILERS; UTILITY TRAILERS (OPEN & CLOSED)

RESULTS --- EXCELLENT RESPONSE!!!!!RESULTS --- EXCELLENT RESPONSE!!!!! MOST VIOLATIONS CORRECTED AFTER FIRST LETTERMOST VIOLATIONS CORRECTED AFTER FIRST LETTER 1 ISSUE RESOLVED WITH LEGAL ASSISTANCE1 ISSUE RESOLVED WITH LEGAL ASSISTANCE

ARCHITECTURAL CONTROLARCHITECTURAL CONTROL

ARCHITECTURAL CONTROLARCHITECTURAL CONTROL

Who is on the Committee?Who is on the Committee?

Your neighbors!!Your neighbors!!

Paul MaryeskiPaul Maryeski

Bill OsthoffBill Osthoff

Paul GrimmigPaul Grimmig

ARCHITECTURAL CONTROLARCHITECTURAL CONTROL

ACC Application – for any new house or ACC Application – for any new house or addition to the property after a house is in addition to the property after a house is in placeplace Download application at rboa.net (first column)Download application at rboa.net (first column) Info required: what is it; what will it look like; Info required: what is it; what will it look like;

what’s it made of; what’s it made of; where will it be sited on the lot where will it be sited on the lot (include drawings/pictures, specs, site plan)(include drawings/pictures, specs, site plan)

Owner (not realtor or contractor) agrees/certifiesOwner (not realtor or contractor) agrees/certifies Restrictive covenants are on the web site (click Restrictive covenants are on the web site (click

Documents)Documents) ACC will retain drawings for file – submit in 11” x ACC will retain drawings for file – submit in 11” x

14” format 14” format

ARCHITECTURAL CONTROLARCHITECTURAL CONTROL

Variance to Restrictive CovenantsVariance to Restrictive Covenants Provide rationale – why can’t your project comply?Provide rationale – why can’t your project comply? Provide written concurrence from owners adjoining your property, Provide written concurrence from owners adjoining your property,

or owners that might be affected (e.g. across the street) or owners that might be affected (e.g. across the street) In granting set back waivers RBOA assumes no responsibility for In granting set back waivers RBOA assumes no responsibility for

encroachment into Utilities/Drainage setbacks from County or encroachment into Utilities/Drainage setbacks from County or other government agency. This is always noted in ACC approval other government agency. This is always noted in ACC approval “Notes” “Notes”

            

ARCHITECTURAL CONTROLARCHITECTURAL CONTROL

NO NEW HOME CONSTRUCTION IN 2011NO NEW HOME CONSTRUCTION IN 2011 RBOA IS MOSTLY BUILT OUTRBOA IS MOSTLY BUILT OUT

FEW BUILDING LOTS REMAININGFEW BUILDING LOTS REMAINING REMODELING AND ADDITIONS APPROVEDREMODELING AND ADDITIONS APPROVED POOLS AND OUT BUILDINGSPOOLS AND OUT BUILDINGS VARIANCES ARE POSSIBLEVARIANCES ARE POSSIBLE

ACC SOLICITS NEIGHBORS INPUT ON REQUESTSACC SOLICITS NEIGHBORS INPUT ON REQUESTS SANITY GENERALLY PREVAILS SANITY GENERALLY PREVAILS

MAINTENANCEMAINTENANCE

MAINTENANCEMAINTENANCE

SELF HELP - WIMPS NEED NOT APPLY!SELF HELP - WIMPS NEED NOT APPLY! SPRINKLER SYSTEMS, ENTRANCE LIGHTINGSPRINKLER SYSTEMS, ENTRANCE LIGHTING

NEAR CONSTANT ATTENTION NEAR CONSTANT ATTENTION MARYSA ENTRANCE LIGHTINGMARYSA ENTRANCE LIGHTING

POWER LINE FROM RUCKEL ENTRANCE HAS FAILEDPOWER LINE FROM RUCKEL ENTRANCE HAS FAILED UNABLE TO TROUBLE SHOOT- FIND BREAKUNABLE TO TROUBLE SHOOT- FIND BREAK

DEVELOPING PLAN TO FIX THE PROBLEMDEVELOPING PLAN TO FIX THE PROBLEM Gulf Power to install meter canGulf Power to install meter can

Power from nearest transformer on groundPower from nearest transformer on ground Self help trenching by RBOASelf help trenching by RBOA $1000 to fix (Gulf Power/rent trencher/conduit/sod$1000 to fix (Gulf Power/rent trencher/conduit/sod

PROJECTS PROJECTS

LAKE WAY ENTRANCE COMPLETELAKE WAY ENTRANCE COMPLETE LAKE WAY O/A CONTRIBUTED $350LAKE WAY O/A CONTRIBUTED $350

SEVERAL IMPROVEMENTS IN MINDSEVERAL IMPROVEMENTS IN MIND CURBING MARION & SHARON ENTRANCESCURBING MARION & SHARON ENTRANCES

ESTIMATE SOLICITEDESTIMATE SOLICITED ENTRANCE SIGNS FOR MARION & SHARONENTRANCE SIGNS FOR MARION & SHARON

ONLY TWO UNIMPROVED RBOA ENTRANCES ONLY TWO UNIMPROVED RBOA ENTRANCES RESOD RUCKEL/COLLEGE BLVD ENTRANCERESOD RUCKEL/COLLEGE BLVD ENTRANCE

GRASS IS PROBLEMATICAL WITH TREESGRASS IS PROBLEMATICAL WITH TREES PINE STRAW IS AN OPTION FOR THIS AREAPINE STRAW IS AN OPTION FOR THIS AREA

Lake Way DriveLake Way Drive

Ruckel Drive (off College )Ruckel Drive (off College )

SPECIAL INTEREST ITEMSSPECIAL INTEREST ITEMS PARKING OFF DRIVEWAYPARKING OFF DRIVEWAY

DONT SEE THIS ON KILDARE CIRCLE AND FAIR DONT SEE THIS ON KILDARE CIRCLE AND FAIR WAY WOODS – WE CAN DO BETTERWAY WOODS – WE CAN DO BETTER

WATER METER REPEATERSWATER METER REPEATERS AESTHETICALLY DISPLEASINGAESTHETICALLY DISPLEASING CITY OF NICEVILLE TO IMPROVECITY OF NICEVILLE TO IMPROVE

CRIME IN OUR AREASCRIME IN OUR AREAS 3 BREAK INS IN RECENT MONTHS!!!3 BREAK INS IN RECENT MONTHS!!! TAKE PREVENTION STEPSTAKE PREVENTION STEPS

PUBLIC SEWERAGE?PUBLIC SEWERAGE?

SPECIAL INTEREST ITEMSSPECIAL INTEREST ITEMS

NICEVILLE BY PASS WORK CONTINUESNICEVILLE BY PASS WORK CONTINUES COLLEGE & FOREST RD WILL BE WIDENEDCOLLEGE & FOREST RD WILL BE WIDENED

MORE BUSY WITH COLLEGE EXPANSIONMORE BUSY WITH COLLEGE EXPANSION NEW HOUSING DEVELOPMENT?NEW HOUSING DEVELOPMENT?

BEHIND THE AIRPORT ON FOREST RDBEHIND THE AIRPORT ON FOREST RD INSIDE THE NICEVILLE BY PASSINSIDE THE NICEVILLE BY PASS PROPERTY ANNEXED BY CITY OF NICEVILLEPROPERTY ANNEXED BY CITY OF NICEVILLE MIXED DEVELOPMENT MIXED DEVELOPMENT

SINGLE FAMILY, TOWNHOMES, CONDOSSINGLE FAMILY, TOWNHOMES, CONDOS

Real Estate MarketReal Estate Market ““Prices are firming” – still buyers marketPrices are firming” – still buyers market

Jan-Feb 2012, 80 sales vs 60 in 2011Jan-Feb 2012, 80 sales vs 60 in 2011 Average price sold is up 10% VS 2010Average price sold is up 10% VS 2010 Clean and neat homes, right priced are sellingClean and neat homes, right priced are selling

Updated helps: kitchen/baths/flooring/roofUpdated helps: kitchen/baths/flooring/roof Most activity under $300,000Most activity under $300,000

Homes for sale on MLS (80% of market)Homes for sale on MLS (80% of market) Niceville: 17.5% are distressedNiceville: 17.5% are distressed

Short sales, foreclosures, bank owned (REO)Short sales, foreclosures, bank owned (REO) Crestview: 20%, Destin 37% Crestview: 20%, Destin 37%

RBOARBOA 2012 WILL BE BUSY YEAR FOR 20122012 WILL BE BUSY YEAR FOR 2012

FINANCIAL CONSIDERATIONSFINANCIAL CONSIDERATIONS DUES INCREASEDUES INCREASE SPECIAL ASSESSMENTSPECIAL ASSESSMENT

PROJECT IMPROVEMENTSPROJECT IMPROVEMENTS SHOW PROGRESSSHOW PROGRESS

COVENANT EXTENSIONSCOVENANT EXTENSIONS DEVELOP PLAN FOR UNITS 1 & 2DEVELOP PLAN FOR UNITS 1 & 2

(LESS THAN HALF OF THESE PROPERTIES ARE (LESS THAN HALF OF THESE PROPERTIES ARE

IN RBOA/MAJORITY OF THESE PROPERTIES REQ)IN RBOA/MAJORITY OF THESE PROPERTIES REQ)

THANK YOU FOR COMINGTHANK YOU FOR COMING

HAVE A GOOD YEAR!!HAVE A GOOD YEAR!!