Friday, December 30, 2016

LOCAL WASTE 2017 SCHEDULE

LOCAL WASTE HOLIDAY PICKUP CHANGES FOR 2017

Regular pickup is on Friday mornings. The pickup date is changed when one of the following holidays falls on or before our regular pickup day.
  

ü  New Year’s Day  (Sunday, January 1st)         Friday pickup will  not be affected.
ü  Memorial Day (Monday, May  29th)                Pickup will be on Saturday, June 3rd
ü  Fourth of July (Tuesday, July 4th)                   Pickup will be on Saturday, July 8
ü  Labor Day (Monday, Sept 4th)                        Pickup will be on Saturday September 9th
ü  Thanksgiving    (Thursday, Nov  23th)            Pickup will be on Saturday November 25th
ü  Christmas Day (Monday, Dec  25th)               Pickup will be on Saturday December 30th
ü  News Year’s Day 2018 (Monday, Jan 1st)      Pickup will be on Saturday January 6th 2018

Your regular pick-up times will resume the following week.

Local Waste Telephone numbers are 740-756-7156 and 514-409-9375.


Wednesday, December 14, 2016

2017 BUDGET AND FEES INFORMATION

Below, you will find the budget and fees information for 2017.  Click once on the picture to enlarge it. Click outside the picture to return to the next page.





Friday, January 1, 2016

2016 BUDGET AND FEES




Click on the document to enlarge it in another window. When done, click outside the document to return to the previous page.

Monday, November 24, 2014

2015 NOTICE OF FEES AND BUDGET

THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

Notice of 2015 Budget and Condominium Fees

November 2014

Pursuant to the Declaration of The Villas at Riverbend Condominium Association, a budget has been established and approved by your Board of Directors for the calendar year 2015.


The monthly condo fees will increase to $225.00 & $255.00, effective January 1, 2015.

Coupons for payment of your 2015 fees will arrive in December.  If you are on the “Auto Payment Plan” with RPM, you will not receive coupons and your fee will continue to be automatically deducted from your account accordingly.  If you are on auto pay through your bank or another bill pay program, remember to change the payment to the new amount.  Please remember to send all payments to our lockbox; Villas at Riverbend Condominium, c/o RPM, PO Box 105770, Atlanta, GA, 30348-5770.  Include your account number on your check which can be found on the first page of your notice.



Unit Type

2014 Fee

2015 Fee

Villa, Chateau
$205.00
$225.00
Abbey, Canterbury
$232.00
$255.00


The Board has a fiduciary duty to operate the Association in accordance with sound fiscal practice. The Directors have approved the budget to ensure that operating and capital needs are adequately funded.

If you have any questions about the budget notice, please contact Stephanie Soroky at Real Property Management, Inc., 5550 Blazer Parkway, Suite 175, Dublin, OH 43017, by e-mail ssoroky@rpmanagement.com or call at (614) 766-6500.

By Order of the Board of Directors,


The Villas at Riverbend Condominium Association

2015 Adopted Budget

THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

November 2014

The OPERATING BUDGET provides funding for routine operational requirements.

A portion of your monthly fee is paid into the RESERVE FOR CAPITAL REPLACEMENTS.  Accumulating these funds annually accomplishes two goals;

A.         It tends to minimize the need for special assessments or steep fee increases in high expense years, and
B.         Payment of the replacement cost is associated with those homeowners who are actually consuming the asset; it is a "pay as we go" system of finance.

Separate accounting and separate funds have been established for each budget.

OPERATING REVENUE

Association Fees; $408,960 - The primary funding source for the Association. Every owner pays a monthly fee to fund the Association as prescribed in the Declaration and Bylaws.

Collection & Legal Assessments; $500 - The amount the Association collects in legal & collection charges due to delinquencies.

Clubhouse Use Fees; $650 - The amount collected from unit owners as a fee for the private use of the clubhouse.

Late Charge Assessments; $400 - The amount assessed to owners who fail to pay fees by the due date.

OPERATING EXPENSE


Management Fees; $26,436 - This is the agreed contract amount for the professional services provided by Real Property Management, Inc.

Insurance; $41,334 - The primary coverage purchased by the Association is all risk, replacement cost property coverage on the common buildings, elements, liability coverage for the Association, and for directors and officers who serve the Association. 

Legal & Accounting; $695 - The anticipated cost for legal advice, costs incurred for collection activity and corrective action to address violations in the community.  This also includes the cost for the preparation of tax returns.

Administrative Expense; $2,213 - The costs associated with copies, postage, supplies, printing, faxes, payment coupons and Volo Village communication system.

Common Electric; $5,742 - The cost to operate common area lighting.

Clubhouse Natural Gas; $2,085 - The cost of natural gas for the community clubhouse.

Water & Sewer; $80,435 - The cost of all water and sewer charges billed for all water consumed by residents of Villas at Riverbend. 
Telephone; $528 - The cost to have a pool phone as required.

Trash Removal; $21,750 - The amount paid to a private hauler for weekly removal of refuse.

Repairs & Maintenance; $12,000 - This budget provides for elements of labor, supplies, services, and special projects.  Most of the work done is corrective, in response to unit owner requests.  An effort is made to plan for preventative maintenance tasks where beneficial, to help reduce cost and minimize service interruptions.

Clubhouse Maintenance; $3,500 - The allowance for any repairs or services that need performed on the clubhouse or in the fitness center.

Landscape Maintenance; $61,607 - Expenses associated with mowing, edging, pruning, fertilization, and aeration of the Association’s lawn and common landscape bed areas.

Pool; $5,300 - The cost for opening and closing the pool each season and the chemicals required to maintain the water properly.

Snow Removal; $17,000 - The anticipated cost of snow removal for the community.

Capital Reserve Transfer; $126,888 - A portion of Association fee that goes to the reserve fund for future needs.

Social Functions/Other; $300 - The anticipated costs associated with planning and implementing social events for the community.

Real Estate Tax $5 - The anticipated cost of taxes paid on property sold in the community.

Contingency Expense; $2,692 - The amount allocated for any unanticipated operating expenses.

CAPITAL RESERVE REVENUE


Capital Reserve Assessment; $126,888 - The portion of the Association fee that goes to the reserve fund for future needs.

Initial Reserve Assessments; $3,012 - The amount received from each purchaser of a condominium at The Villas at Riverbend, each owner must pay at closing two month condominium fees into the reserve fund.

Capital Reserve Interest; $1,500 - The amount earned on reserve monies in the bank.

CAPITAL RESERVE EXPENSE


Building; $20,121 - The anticipated cost to repair walls, stucco, paint finishes and capital repairs.

Concrete; $8,092 - The anticipated cost to partially repair curbs.

Fences; $5,646 - The anticipated cost to paint the fence – phase 1 of 2.

Mailbox; $7,641 - The anticipated cost to repair the community mailbox stations.

Streets; $75,000 - The anticipated cost to mill and replace the street – phase 2.



THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

2015 Adopted Budget

OPERATING REVENUE
                                   
                                    Association Fees                                  408,960
                                    Collection & Legal Assessments                  500
                                    Clubhouse Use Fees                                   650
                                    Late Charge Assessments                           400                       

                                    Total Operating Revenue                   $410,510

OPERATING EXPENSE

                                    Management Fees                                  26,436
                                    Insurance                                               41,334
                                    Legal & Accounting                                     695
                                    Administrative/Misc. Expense                   2,213
                                    Common Electric                                      5,742
                                    Clubhouse Natural Gas                             2,085
                                    Water & Sewer                                       80,435
                                    Telephone                                                   528
                                    Trash Removal                                       21,750
                                    Repairs & Maintenance                           12,000
                                    Clubhouse Maintenance                            3,500
                                    Landscape Maintenance                          61,607
                                    Pool                                                         5,300
                                    Snow Removal                                        17,000
                                    Capital Reserve Transfer                      126,888
                                    Social Functions/Other                                300
                                    Real Estate Tax                                              5
                                    Contingency Expense                               2,692
                                                                                                           
                                    Total Operating Expense                   $410,510

CAPITAL RESERVE REVENUE

                                    Capital Reserve Assessment                 126,888
                                    Initial Reserve Assessments                     3,012
                                    Capital Reserve Interest                           1,500

                                    Total Capital Reserve Revenue          $131,400

CAPITAL RESERVE EXPENSE

                                    Building                                                  20,121
                                    Concrete                                                  8,092
                                    Fences                                                     5,646
                                    Mailbox                                                    7,641
                                    Streets                                                   75,000


                                    Total Capital Reserve Expense          $116,500

Sunday, December 1, 2013

RIVERBEND 2014 BUDGET AND CONDO FEES

THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

Notice of 2014 Budget and Condominium Fees

November 2013

Pursuant to the Declaration of The Villas at Riverbend Condominium Association, a budget has been established and approved by your Board of Directors for the calendar year 2014.


The monthly condominium fees will increase to $205 and $232 respectively,
effective January 1, 2014. 

Coupons for payment of your 2014 fees will arrive in December.  If you are on the “Auto Payment Plan” with RPM you will not receive coupons and your fee will continue to be automatically deducted. If you are not on the “Auto Payment Plan” with RPM and would like to start getting your monthly fee deducted from your bank account, you will find in your coupon book a form that you can send to our office with a voided check or you can call our office to get a form via e-mail or regular mail.



Unit Type

2013 Fee

2014 Fee

Villa, Chateau
$196.00
$205.00
Abbey, Canterbury
$219.00
$232.00


The Board has a fiduciary duty to operate the Association in accordance with sound fiscal practice. The Directors have approved the budget to ensure that operating and capital needs are adequately funded.

If you have any questions about the budget notice, please contact Stephanie Soroky at Real Property Management, Inc., 5550 Blazer Parkway, Suite 175, Dublin, OH 43017, by e-mail ssoroky@rpmanagement.com or call at (614) 766-6500.

By Order of the Board of Directors,


The Villas at Riverbend Condominium Association


 2014 Adopted Budget

THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

November 2013

The OPERATING BUDGET provides funding for routine operational requirements.

A portion of your monthly fee is paid into the RESERVE FOR CAPITAL REPLACEMENTS.  Accumulating these funds annually accomplishes two goals;

A.         It tends to minimize the need for special assessments or steep fee increases in high expense years, and
B.         Payment of the replacement cost is associated with those homeowners who are actually consuming the asset; it is a "pay as we go" system of finance.

Separate accounting and separate funds have been established for each budget.

OPERATING REVENUE

Association Fees; $372,264 - The primary funding source for the Association. Every owner pays a monthly fee to fund the Association as prescribed in the Declaration and Bylaws.

Collection & Legal Assessments; $500 - The amount the Association collects in legal & collection charges due to delinquencies.

Clubhouse Use Fees; $650 - Amount collected from unit owners as a fee for the private use of the clubhouse.

Late Charge Assessments; $400 - The amount assessed to owners who fail to pay fees by the due date.

OPERATING EXPENSE


Management Fees; $25,920 - This is the agreed contract amount for the professional services provided by Real Property Management, Inc.

Insurance; $32,435 - The primary coverage purchased by the Association is all risk, replacement cost property coverage on the common buildings, elements, liability coverage for the Association, and for directors and officers who serve the Association. 

Legal & Accounting; $695 - The anticipated cost for legal advice, costs incurred for collection activity and corrective action to address violations in the community.  This also includes the cost for the preparation of tax returns.

Administrative/Miscellaneous Expense; $2,333 - The costs associated with copies, postage, supplies, printing, faxes and payment coupons.

Electric; $3,255  - The cost to operate common area lighting.

Natural Gas; $1,950 - The cost of natural gas for the clubhouse.

Water & Sewer; $83,995 - The cost of all water and sewer charges billed for all water consumed by residents of Villas at Riverbend. 

Telephone; $504 - The cost to have a pool phone as required.

Trash Removal; $22,680 - The amount paid to a private hauler for weekly removal of refuse.

Repairs & Maintenance; $10,000 - This budget provides for elements of labor, supplies, services, and special projects.  Most of the work done is corrective, in response to unit owner requests.  An effort is made to plan for preventative maintenance tasks where beneficial, to help reduce cost and minimize service interruptions.

Clubhouse Maintenance; $2,000 - The allowance for any repairs or services that need performed on the clubhouse or in the fitness center.

Landscape Maintenance; $61,607 - Expenses associated with mowing, edging, pruning, fertilization, and aeration of the Association’s lawn and common landscape bed areas.

Pool; $5,306 - The cost for opening and closing the pool each season and the chemicals required to maintain the water properly.

Snow Removal; $20,000 - The anticipated cost of snow removal.

Capital Reserve Transfer; $97,944 - Portion of Association fee that goes to the reserve fund for future needs.

Social Functions/Other; $300 - Anticipated costs associated with planning and implementing social events for the community.

Real Estate Tax $5 - Anticipated cost of taxes paid on property sold in the community.

Contingency Expense; $2,885 - Amount allocated for any unanticipated operating expenses.

CAPITAL RESERVE REVENUE


Capital Reserve Assessment; $97,944 - The portion of the Association fee that goes to the reserve fund for future needs.

Initial Reserve Assessments; $2,622 - Amount received from each purchaser of a condominium at The Villas at Riverbend, each owner must pay at closing two month condominium fees into the reserve fund.

Capital Reserve Interest; $1,500 - The amount earned on reserve monies in the bank.

CAPITAL RESERVE EXPENSE


Capital Projects; $3,277 - Cost to apply sealant to walls.

Street; $75,000 - Cost to partially mill and replace the street.

Painting; $34,489 - Cost to paint 12 buildings – phase 3 of 3.

Recreation Center; $3,000 - Cost to replace back door to great room and install ladder to furnace.


  

THE VILLAS AT RIVERBEND CONDOMINIUM ASSOCIATION

2014 Adopted Budget

OPERATING REVENUE
                                   
                                    Association Fees                                372,264
                                    Collection & Legal Assessments               500
                                    Clubhouse Use Fees                                650
                                    Late Charge Assessments                        400                       

                                    Total Operating Revenue              $373,814

OPERATING EXPENSE

                                    Management Fees                               25,920
                                    Insurance                                             32,435
                                    Legal & Accounting                                   695
                                    Administrative/Misc. Expense                2,333
                                    Electric                                                   3,255
                                    Natural Gas                                            1,950
                                    Water & Sewer                                     83,995
                                    Telephone                                                 504
                                    Trash Removal                                     22,680
                                    Repairs & Maintenance                        10,000
                                    Clubhouse Maintenance                        2,000
                                    Landscape Maintenance                      61,607
                                    Pool                                                        5,306
                                    Snow Removal                                     20,000
                                    Capital Reserve Transfer                     97,944
                                    Social Functions/Other                              300
                                    Real Estate Tax                                            5
                                    Contingency Expense                            2,885
                                                                                                           
                                    Total Operating Expense               $373,814

CAPITAL RESERVE REVENUE

                                    Capital Reserve Assessment               97,944
                                    Initial Reserve Assessments                  2,622
                                    Capital Reserve Interest                        1,500

                                    Total Capital Reserve Revenue    $102,066

CAPITAL RESERVE EXPENSE

                                             Capital Projects                                      3,277
                                    Street                                                   75,000
                                    Painting                                                34,489
                                   Recreation Center                                 3,000

                                    Total Capital Reserve Expense     $115,766