Resolution 020-17RECORD OF RESOLUTIONS
Dayton Legal Blank, Inc., Form No. 30045
Resolution No. 20-17 Passed
A RESOLUTION PROVIDING FOR THE ASSUMPTION OF CERTAIN
MAINTENANCE RESPONSIBILITIES, INCLUDING THE RETENTION
POND AND BOARDWALK PATHWAY, BY THE CITY OF DUBLIN AT
THE VILLAGE OF COFFMAN PARK CONDOMINIUMS AND THE
CONTRIBUTION OF CERTAIN FUNDS
, 20.
WHEREAS, on September 15, 2014, staff received a request from the Village of
Coffman Park Condominium Association (Association) for the City to provide some type
of relief from the maintenance of reserves dedicated during the development process;
and
WHEREAS, the Association expressed concerns that their annual maintenance cost
per home was significantly higher than that for other homeowners' associations; and
WHEREAS, the Public Services Committee at its May 2015 meeting determined this
Association is in a unique situation since only a portion of the homes approved for
this development have been built; and
WHEREAS, City Council concurred with the Public Services Committee's
recommendation and, via Resolution 51 -15 (Amended), attached as Appendix A
provided temporary relief for the public common area mowing and turf care through
December 31, 2016 (approximately $6,000 per year at the City's contract rate); and
WHEREAS, the Association contacted the City requesting the renewal of this relief for
another year; and
WHEREAS, staff has reviewed the Association's budget and determined that it would
likely take as many as five years of build out for the Association's rates to be more
consistent with those of other associations in Dublin; and
WHEREAS, staff has determined that a better method of assistance would be for the
City to accept the maintenance responsibilities of the boardwalk pathway adjacent to
the Association's club house, which connects the public shared use paths that exist at
each end of the walkway; and
WHEREAS, the estimated cost to repair the boardwalk pathway is approximately
$5,800; and
WHEREAS, the boardwalk is located on City property and is a public walkway; and
WHEREAS, additionally, through its research, staff has determined that the existing
retention pond not only serves the Association, but also several acres of additional
development, including many businesses and a portion of the City's road system, as
shown on Appendix D; and
WHEREAS, as a result, it is staff's recommendation that the City take over the
responsibility for maintaining the retention pond; and
WHEREAS, in addition to these measures, it is recommended that the City Manager
develop a program whereby the City and the builders of the undeveloped land in the
VCPCA will contribute to the maintenance costs incurred by the VCPCA; and
WHEREAS, in accordance with Appendix C, the City will contribute $10,000 in 2017
and will contribute a yearly fixed dollar amount starting in 2018, reduced each year
until the year 2020 to assist in turf maintenance, unless the VCPCA's revenues prior
to the end of this term result in its financial solvency, whichever occurs first.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, of
its elected members concurring, that:
RECORD OF RESOLUTIONS
Dayton Legal Blank, Inc., Form No. 30045
Resolution No.. 20 -17 Passepage 2 of 2 , 20
Section 1. The City of Dublin will assume responsibility for the maintenance of
the boardwalk pathway, as depicted in Appendix E, which serves as public access to
the existing shared use pathways, but will in no way assume responsibility for any
maintenance for the club house.
Section 2. The City of Dublin will assume responsibility for the maintenance of
the retention pond (not the surrounding greenspace), as depicted in Appendix E,
which includes the fountain, utilities for the fountain, waterfowl control and all
engineering work necessary to ensure the pond is functioning.
Section 3. The City Manager is hereby directed to develop a program in
accordance with Appendix C, wherein the City will contribute $10,000 in 2017 and will
contribute a yearly fixed dollar amount starting in 2018, reduced each year until the
year 2020, unless the VCPCA's revenues prior to the end of this term result in its
finance solvency, whichever occurs first.
Section 4. The Village of Coffman Park Condominium Association will continue to
provide all landscaping, tree maintenance, and any other maintenance, except as
otherwise specified above, for all areas for which the Association has responsibility.
Section S. This Resolution shall take effect and be in force upon passage in
accordance with section 4.04(x) of the Revised Charter.
ATTEST:
Clerk of Council
2017
Office of the City Manager
n 1 � S20Q Emerald Parkway � Dublin, �H 43017.1090
01 DuDlIn Phone: 614,410e4400 m Fay; 614:4104490
�"�� Members of Dublin City C'aunci9 .��,
rain; Dana F. McDaniel, City Manag
iiatem April 6, 2Q17
Ynitiated �y& Matt Farman, Director of Parks and Recreation
Re. Resolution 20 -17 _ Providing for the Assumption of Certain Maintenance
Responsibilities, Including the Retention Pond and Boardwalk Pathway, by the
City of Dublin at the Village at Coffman Park Condominiums and the
Contribution of Certain Funds,
Background
As you may recall, on September 15, 2014, City Council reviewed the request from the Village at
Coffman Park Condominium Association (UCPCA) for the City to provide relief from the public
pond maintenance responsibilities within their neighborhood, This request was founded an the
financial situation of the UCPCA from the lack of anticipated construction of new condominiums
and respective association dues.
At Council's direction, this topic was subsequently presented to the Public Services Committee at
its May, 2015 meeting at which the Committee concurred that the UCPCA was in a unique
situation since only a small portion of the homes approved for this development have been built,
and the cost and level of responsibility for maintenance of public areas was excessive in
comparison to other associations, Rather than providing total relief from the maintenance
responsibilities, it was recommended that the most straightforward method of relief would be for
the City to assume maintenance respansibiliry far the public Gammon area mowing and turf care
at approximately $6,000 per year at the Ciry's contract rate,
The case was again presented to City Council with the Committee's recommendation to provide
the temporary maintenance, subject to annual evaluation, As a result, Resolutian 51.15 was
adopted by City Council authorizing the City Manager to temporarily provide maintenance at the
Village at Coffman Park through December 31, 2016, [Appendix A -- Resolution 51- 15(Amended }],
In May of 2016, the UCPCA contacted the Ciry requesting to renew the maintenance agreement
set Earth in Resolution 51.15 for an additional year (2017 }, Staff has reexamined the
circumstances related to this request and found no significant changes to the VCPCA's financial
situation that would enable the association to meet the expense abligatians of the turf
maintenance care In staff's findings, it was also determined that based on the projected
condominium build out schedule, the UCPCA would reach financial insolvency before the dues
Pram new construction could help support its operating budget After further evaluation of the
circumstances involving the VCPCA's maintenance responsibilities ofadjacent turf maintenance
care, it is staff's opinion that a more comprehensive and permanent solution is needed to address
the greater financial situation,
The current arrangement commits the City as the oniy contributor to help offset turf maintenance
costs Based on the financial deficits of the VCPCA's annual budget, the UCPCA`s net operating
1
Memo re. Res.20.17- Village of Coffman Park Maintenance
April 6, 2011
Page 2
budget shortfall is approximately •$37,249 (Appendix B - UCPCA 2017 Operating Budget,) The
VCPCA is currently supporting its financial deficits using limited reserve funds, which will be
depleted In as soon as two to three years if a solution is not established, The City's contribution of
$6,000 in turf are services alone is not enough to sustain the Association's financial solvency
based on the projecthd constroction acduiry,
Rather than the City continue to contribute to the turf care annually, a program in which the City
is the sale contributor, staff has met with the leadership of the VCPCA to develop a more
comprehensive program through which the end goal is to achieve financial solvency of the VCPCA.
As a result of these discussions, the proposed program now includes additional finandal
rontributions also to be paid by the new ownersJbuilders of the undeveloped land (Paragon and
Romanelli and Hughes) to the VCPCA in order to achieve this goal In addition to the new
ownersJbuilders'coritributions, the City would contribute a yearly maximum dollar amount ($200
more per year than the City's previous commitment of $6,000 annually), reduced each year until
the year 2021, subject to further reductions for any increases In revenues from projected dues, or
until the VCPCA's revenues prior to the end of this term result in its financial solvency, A
breakdown of projected maximum contributions and budget over the next five years is as follows;
Projected
Contributions
t01i
2018
2019
2D2D
2021
Total
Avg, Per
Year
Ci of Dublin
$10,000
$8,50D
$7,500
$5,000
$0
$31,DD0
$6,200
Builders
$15,000
$17,400
$18,106
$6,639
$0
$$7,145
$11,429
Dues Revenue
$55,668
$60,750
$101,250
$153,900
$210,60D
Revenue Total
$80,668
$86,650
$126,856
$165,539
$210,60(1
Ez enses
$93,000
$99,000
($129,00011$168,000
�$21D,000)
Wsh
($12,33211$12,3501
($2,1441
($2,4611
$600
Amore detailed repott of projection is attached as Appendix C for your reference,
This joint contribution from the City and the builders will enable the UCPCA to continue to
maintain the property, and remain financially sound until the additional projec�d rontlominium
units are ronstruc�d and subsequent dues are contributing the additional revenues to the UCPCA,
In addition to the above change, and as a result of staffs reexamination of the situation, it also
became apparent thatthe maintenance responsibilities of the storm water retention pond and
associated improvements revealed that the retention pond and associated boardwalkJpath serves
the greater areaJcommun'Ry
Retention n , Affording to the Gty's storm water system, this partialar retention pond
not only serves the VCPCA development, but several acres of additional development,
businesses and a portion of the City's road system as shown an the attached map,
(Appendix D -Storm water Service Area). Due to the signlflcant public and pduate
nfrastrocture served by this pond, it is staffs opinion that its functional condition should
be the responsibility of the Cty rather than the UCPCA, The responsibilities associated with
Memo re, Res, 20-11 — Village of Coffman Park Maintenance
April 6, 2011
Page 3
the function of this pond include the pondJfountain aerator and electricity, goose control,
storm water headwalls and end wails, shoreline integrity and overall functionality, The
responsibilities do not include turf care nor landscape maintenance of property
surrounding the pond, The annum maintenance costs related to the function of the pond is
estimated to be approximately $3,000,
Board walk /path, Additionally, staff is of the opinion that the maintenance responsibilities
of the public boardwalk /path immediately adjacent to and extending out over the storm
water retention pond should be the City's responsibility (Appendix E - Retention Pond
Detail), Staff has confirmed this path is actually on City property, is currently included in
the City's shared use path inventory and is determined a public walkway providing access
to all residents of the community. The current condition of the boardwalk is structurally
sound, however, there are a few rotten boards and posts that need to be replaced and the
boardwalk needs to be sanded and sealed to protect it from the elements to avoid further
decay and maintenance costs, The estimated cost to make these repairs to the boardwalk
is approximately $x,800,
Recommendation
Staff recommends approval of Resolution 2017, which will provide for the City`s assumption of
maintenance responsibilities far the pondJfountain aerator and electricity, goose control,
stormwater headwalls and end wails, shoreline integrity and overall functionality, as well as the
boardwalk pathway that is connected to the City's shared use path system at the Village at
Coffman Park Condominiums In addition, the City will temporarily contribute funds to the UCPCA
to assist with other maintenance costs, not to exceed those noted in the schedule of Appendix C.
RECORD OF RESOLUTIONS EXHIBIT A
wM"w
51.15 (AmeMlBtd) — — — — —
PaduanNa_ Pmt 1a
A RESOLUTION AUTHORIZING THE CRY MANAGER
TO PROVIDE TEMPORARY MAINTENANCE AT
THE VILLAGE OF COFFMAN PARK CONDOMINIUMS
WHEREAS, the Pillage of Coffman Park Condominium Assoclatlon (M)
requested City Coundl to prol some type of reef from be maintenance of
reserves dedlmted during the development process; and
WHEREAS, the Aaadatbn expressed concerns that bar annual maintenance cast
per Mme was sgMflmnHy higher than Hat for onto homeowners associations; and
WHEREAS, providing such relief wauk lower M¢ overall annual rost to members of
the Association; and
WHEREAS, Qty Caundl requested the PuhEc SeMces C¢mmAtee review M¢ request
and make a recommendation; and
WHEREAS, the Public Services Committee ddamMed bB Asa¢datian Is In a unique
sXuatlan since ¢nry a potion of tlM Mmes approved for MB developmaH have bem
bulk; and
WHEREAS, tlw Podic Servkes Committee, bas¢d an Hds unique sttuatlon,
recommeMed kmporery relief far the puNlc common area mavdng antl turf mre be
granted ro the AmaciaBon; and
WHEREAS, Gty Cound mncure with tlk Puhllc SerACe Commatee's
rerommendatlon Mat temporary relief is warranted,
NOJy, THEREEORE, BF R BESOIVED by Bye fauncil of Me Oly of Duhlln,
_f Ih_ ay M ekRed members contorting, Mat,
�.1, The CTy of Dublin will assume respansbdiry far tie Dublk common
area mmdng and turf mre fa a tempaary peiod, beginning Immcdlatdy ant
tantlnuing Mraugh December 31,1016,
�, TM Yllage of CaRman Park ContlomiMum Ass¢datlon will cantlnue ro
provide all landsmping, tree maintenance, and amy oMer maintenance, auept as
' aMerwisespecifledabove, f¢ rallareasfarvMlchMe0.ssoclationhasrespondMlity
gyp,], TMs Resdulbn shall take effed antl be In force upon passage in
ecmrdance with SeNon 4,04(aj aflhe Reraed Charter.
PassedMls A1h dayof1D19
1 /
r • PNSItlINg
ATTEST;
qHk of Caundl
���,c�
Men of the City Manager x100 Emerald parkway o Dublin,
OH 43011.1090
Phone; 614.410.4400 1 f=ax; 61 4.41a4490
of
To, Members of Dublin City Council
From pans 1. McDaniel, City Man r
Date; June 4, 2015
Initiated BY: Megan O'Callaghan, Public Works Director
Fred Hahn, Parks &Open Space Director
Re. Resolution 51 -15 - Authorizing the City Manager to Temporarily Provide
Maintenance at the Village of Coffman Park for a Period of One Year
Summary
On September 15, 2014, the City received a request from the Village of Coffman Park
Condominium Association (VCPCA) for the City to provide relief from the public pond maintenance
responsibilities within their neighborhood. the UCPCA listed their pond maintenance activities as
mowing and maintenance, goose control, and electric for the pond aerator, Currently, there are
11 homes within the association. At the time of zoning, the development had been approved for
Hp to 66 homes. This number was used in determining the amount of public land maintenance
responsibilities that would be deemed appropriate in comparison to like associations that have
public land responsibilities,
The VCPCA provided detailed cost information about all aspects of revenues and expenses,
including expenses associated with maintaining the public land within their neighborhood. Their
current costs associated with mowing were compared to the City`s contract mowing costs and
were found to be reasonable, In addition to mowing, the association also is responsible for the
electric for the public pond aerator, Annually, these two cash have totaled approximately $6,400,
which equates to approximately Mn per home.
Currently, monthly dues are $37S per unit, Cosh associated with the public land mowing and care
equate to approximately $64 per unit per month ($768 per unit per year).
Recommendation
The Public Services Committee convened on May 26, 2015 to discuss the broader topic of HOA
maintenance of public common areas. As a part of this committee meeting, the UCPCA request
was discussed specifically. Staff painted out this HOA is in a unique situation since only a portion
of the homes approved far this development have been built. Staff also indicated that based on
this unique situation, it is staffs determination that the level of VCPCA responsibility for
maintenance of public areas is excessive in comparison to other associations, Staff recommended
the most straightforward method of relief would be for the City to assume maintenance
responsibility for the pubiic common area mowing and turf care (approximately $6,000 per year at
the current City's contract rate) Staff further recommended this maintenance relief should be
considered temporary and subject to annual reevaivatian until the development expands to a
number of housing units that makes the level of maintenance responsibilities mare reasanable
The Public Services Committee concurred and recommends that the City temporarily provide such
maintenance at the �Ilage of Coffman Park for a period of one year.
('ihrni�n
Office of the City Manager
F ll hli
5200 Emerald Parkway» Dublin, OH 43017 -1090
Phone; 614-410 -4400 »Fax. 614 - 410 -4490
Tai Members of Dublin City Council
Frain; Marsha I, Grigsby, City Manager
Dates November I3, 20I4
Initiated By; Megan O'Callaghan, Public Service Director
Erect Hahn, Director of Parks &Open Space
Re; Village of Coffman Park Condominium Association - Request for Relief from Public
Pond Maintenance Responsibilities
Summary
On September 15, 2014, we received a request from the Village of Coffman Park Condominium
Association (VCPCA) for the City of Dublin to provide relief from the public pond maintenance
responsibilities within their neighborhood. VCPCA's pond maintenance activities consist of mowing
and maintenance, goose control, and electric for the pond aerator. Currently, there are 11 homes
within the association. At the time of zoning, the development had been approved for up to 66
homes, This number was used in determining the amount of public land maintenance
responsties thak would bedeemed appropriate in comparison to like associations that have
public land responsibilities
The VCPCA provided detailed cost information about all aspects of revenues and expenses
including expenses associated with the public land within their neighborhood. (see attached) Their
current costs associated with mowing were compared to the City °s contract mowing costs and we
found their costs to be reasonable. In addition to mowing, the association also is responsible for
the electric for the public pond aerator. Annually, these two costs have totaled approximately
$6,00 which equates to approximately $580 per home. These costs are in addition to other costs
normally associated with condominium developments such as snow removal, pavement repairs,
clubhouse maintenance and grounds maintenance of private land next to the condominium units.
Currently, monthly dues are $37S per unit, Casts associated with the public land mowing and care
equate to approximately $6� per unit per month ($768 per unit per year).
Recammendatian
This HOA is in a unique situation since only a portion of the homes approved for this development
have been built. Based on this unique situation, it is staff's determination that the level of VCPCA
responsibility far maintenance of public areas is excessive in comparison to other associations.
Should Council desire to provide some relief from the maintenance responsibilities, it should be
considered temporary and subject taannual re- evaluation until the development expands to a
number of housing units that makes khe maintenance responsibilities more reasonable.
Rev. 6/12/2014
Homeowners Association Questionnaire
C11'Y OF DUBI,Ch
2. Number of homes in association: �, { ��
3. Homeowners Association Dues /Pees: 3 /')� 1 M 6,
4, Homeowners Association Total Budget (provide acopy ofbudget ifpassible /willing:
5. Percent and dollar value of budget
6. Percent and dollar value of budget used for improvements:
7, Percent and dollar value of budget used far social activities: � % $__�...�...
8. Description of maintenance responsibilities (e.g. acreage, signage, fencing, mowing, etc.);
A.
"' rWV�irLtil �'�irG�tt, � 1
9. Da you contract maLintenance? If yes, what is contracted? Yes'_
*- Gr+4 rle
10. Is all maintenance performed voluntarily? if not, please describe. N� � Car1�`��i bnr� >�.
11 Do you experience difficulty in callectingfees /dues? If yes, please describe;
Haw do you resolve this?
Please return this completed questionnaire in the enclosed envelope or to:
Megan O'Callaghan, Director of Public Service
City of Dublin, Department of Public Service
6555 Shier Rings pond
Dublin, Ohio 43016
shank you for your assistance,
I9f1RM THEVILLAGE ATCOFFMAN PARK CONDOMINIUM ASSOCIATION
mmnld Profit &Loss Budget vs, Actual
atemel � January through June 2011
GrountlR Kaepinp
Ju-ju..
Bud"
30ror..
Ordinary mcomebpenae
4,860.81 1
1,975,91, 1
1H.2B
letters
8616.32 9
9A13,H 1
1,187.81
Uxw
15,960.00
1p,950O
00
Pond Sumharye
5,500.00
5,600.00
0.0
Interest - Swings
133.31
00,00
$3,31
JAM -Rm timd
IR755
776 rm
45A
lab Faro
200.00
0.00
20000
Toni Income
21,96586
21,76800
20718
0rouPreM
21,065,66
11,7680
207.86
EIMAn.Allacednn 1
1,889,99 1
1.700.88 •
•2'dA01
dnn,iRtR�rmn
7,07.93 1
103O,rk',7,fOT19
Propen2Mmegement Froe
1,300,00
d,700,O
0.0
Banl Free;
SW
16,00
•10.00
OlflceSupplies
19886
I6Q,C9
4886
Ineumlce
5.88150
5698.0
21111
Poangcone Wlwery
1398
9400
•1869
Inmma dx
71170
X) flan
.9RR6
Total Adminbla0ve
10,817,91
10A73O
19136
Club Meuse
1,19fi.02 B
B0A0 5
576.02
Repalm and Maintenance
1,000,00
000,00
I50.O
E
0318
859,90
3928
Gee
1,717.51
150,00
777b7
Claeniip
126.00
300,00
•175.00
Cehp
83007
618.91
14,iS
YiRrrollv,waR
pry)
all
App pp
Tool Clu9 HOUSe
4,128.85
397832
500,69
GrountlR Kaepinp
MoMhPy Mowing and Malnnrama 4
4,860.81 1
1,975,91, 1
1H.2B
E>IlnfatASnoln0 8
8616.32 9
9A13,H 1
1,187.81
tort Graundt Kroping 1
111326,08 1
10,357.93 9
914.0
SBaet Meinbnmce
Snow Removal 1
10,66439 7
7,69000 3
3,161.34
Tonl9heal Mandererce 1
10,689,39 7
7,W0.O 9
9,10.E
Poll nnoco
MoMhlu Mowlna and Mainbnrora &
&75871 !
!�,� .
.1,601.64
Goga CaMrol 3
3,712.71 7
7,160.80 2
22.72
EIMAn.Allacednn 1
1,889,99 1
1.700.88 •
•2'dA01
T� 7
7,07.93 1
103O,rk',7,fOT19
IMpetim
ElettAt 0
01.x+ 7
71110 5
518.63
Aepwlre 9
9.03 1
10.00 -
- 1so6o
WcMnw pnwaainn i
iW 90 n
nM 7
713FD
To6tl IrHgNlon 1
1,051.93 1
161.18 5
590B9
uml6an
ElecMt•MMxNOUee 8
8,08 8
807A0 b
b00.O
WMer 1
1,19fi.02 B
B0A0 5
576.02
Tmeh PlcN -Un 2
2.107,& 2
2373.98 2
28.88
TUeI UtIIMU 3
3,53BB8 3
3,863.88 •
•11598
Tanl Eeperea 8
88,418,13 4
40,19737 2
2,28830
BlherinmmNERpmae
WINEaMnae
Rroerve Fulling
tort Odwr ESpenx
NelIXherinmme
NN Income
7,11500 t,I48A0 11.00
1ias.90 1i�.o4 o,ro
1aa564 1,1ae.00 0.04
•�AD871 •25,52137 •5,0091
THE VILLAGC AT CQFFMAN PARK CONgONMINIUM ASSOCIATION
Annual Budget
2014
1901 flues
Income •Savings
.0 Bud et 2014
Actual Current hues Proposed Dues
11/13.12 31(13 $215,66 $375.60
36,3000 36,300.00 49,540,00
369.42 80.00 BO.O
434.67 456,00 456.06
Interest
Interest Income • Reserve Fund 8000
Total Income,
37,104,09 36,836.00 50,036.00
z en
Administrative
Property Management Fees 10,200.00 10,200.00 10,200,00
Bank Fees 32.68 30.00 30.00
Office Supplies 176.64 30000 300,00
Insurance 7,89850 11,376,08 11,376,08
Accounting 122,50
Miscellaneous 25,00
Postage and Delivery 70.04 60,00 60.00
Income Tax 277,80 290100 2501
Total Administrative 18,803.16 22,2162 22,216.08
Club House
Repairs and Maintenance 1,83691 1,200.00 1,200,00
Electric 1,71492 1,713.96 1,71996
Gas 876,10 90000 900.00
Cleaning 3752 60000 600.00
Cable 1,602.71 1,636.68 1,636.68
Miscellaneous 416,13 1,20000 1,200,00
/ Total Club House 6,821,77 7,256.64 7,256,64
ont l. o
yingaidMaintenance 10,196A6 11,112,60 11,11160
Landscaping/Mulching 5,62110 6,713,41 6,713,41
Snow Removal 5,141,08 7150000 7,500.00
Sealing and Repairs 5,225,00
Total Grounds Keeping 26,183.64 25,326.01 25,32601
Pond Maintenance `""� '*�
.f 7
Monthly Mowing and Maintenance , �,905.OS� 8,4 §0.01 8,450,01
Goose Control 7,307,55 7,50000 7,500,00
Total Pond Maintanance 16,212,60 15,95001 15,950.0
Irrigation
ElECtric 3,0$8.14 3,216.00 3,216.00
Repairs 409.65 300.00 300.00
t3ackfiow Prevention 200,Op
Totallrrigalion 3,697,79 3,516.00 9,516,00
UtiGtIES`+
ElECtric • MEter House .»--w.
�964�� 900,00 900.00
Wafer 1,003.60 1,200,00 1,200,00
Trash Pickup 4,030,86 4,747.92 4,747.92
Total Utilities 5,998.78 6,B47 92 b,847,92
Total Expenditures 77,717.74 81,112.66 81112.66
Nei Ordinary Income (40,513.65) {44,276,66} )31,076,66)
Reserve Funding 3,630,00 3630.00 4,950.00
NetlncomelLoss} 14� �47� (36,026.661
9:23 AM THE VILLAGE AT COFFMAN PARK CONDOMINIUM ASSOCIATION
97�16n4 Balance Sheet
Accnral I3aela As of June 819, 2014
TOTAL ASSETS 1181838,89
LIABILITIEB'& E4IJITV _____�.._
LIabIIINes
Currant LIabIllNes
Accounts Payable
Accaunta Payable 1,326,97
Total Accounts Payable 1,326,91
Total Current LlabllNles
Jun 30, 14
Lang Tenn LlabliNles
ASSETS
Reserve � Capital Improvements
88,832.19
Current Assets
86,032,18
Total LIabINNee
Checking/Savings
Equity
Cash
119,462,80
Net Incame
Checking •HNB
7,802,45
�tl� �pa ucCoJ"
Savings • HNB
58,640.42
fff r'" t ll
Reserve Fund - HNB
87,249.41
w; �e dr
Total Gash
153,492,28
Total Checkinpavings
153,492,28
Accounts Receivable
air
Accaurds Receivable
Accounts Rscslvable. Dues
(3,76040)
Gellman Partners' LLC
28,144,88
�
Total Accounts Receivable
22 ,394,68
Total Accaunls Receivable
22,394,66
Other Current Assets
Prepaid insurance
2,949,75
Total Other Current Assets
2,94915
Toth Current Assets
178,838.69
TOTAL ASSETS 1181838,89
LIABILITIEB'& E4IJITV _____�.._
LIabIIINes
Currant LIabIllNes
Accounts Payable
Accaunta Payable 1,326,97
Total Accounts Payable 1,326,91
Total Current LlabllNles
1,328,97
Lang Tenn LlabliNles
Reserve � Capital Improvements
88,832.19
Total Lnng Term Llabllll{ea
86,032,18
Total LIabINNee
87,959,16
Equity
Opening Balance Equity
119,462,80
Net Incame
(28,60b,27)
Tatal Equity
96,817,53
TOTAL LIABILITIES & E4UITY 178,638.89
11;58 a� THE till LAGS AT COFFMAN pAaK C�INDOMINIUM ASSQCIAi�ON
a1r1;1h4
Balance Shoot
Amcnral Baels
As of December 31, 2p13
Total) Checkingr8aW4ngs
Dec 91, 18
ANIM
pad
Curre�Assets
84,48T.19
Chackin�avings
»11100.00 +
Cash
4144.88 dR P GFi�rc "i
Checking
3,881141
Savings
39048
Reserve Fund
84,921.88
Total Cesfr
128,0113
Total) Checkingr8aW4ngs
128,018.73 as
Accounts Recelvable
pad
Amounts Receivable
84,48T.19
Acmouirrs RecelvabW • Dun
»11100.00 +
COMM PartnedLLC
llavldson PhllOpe
4144.88 dR P GFi�rc "i
Equigr
Account RacelvaWe • other
3,883.20
�
Tali Account Remehrable
12,951.51 keWr 9k rll�rr "'4r
Total Acmaunla Receivable
72,961.51
OlherCurrent Assetg
Prepaid insurance
2,948.15
Tabd Other Current Assets
2,949.75
T* Current Assets
203,919,89
OlheerAssets
Utility Oeposhs - AEP
560,00
Total Other A�teb
550.00
YQYALASSETS 204,489,99
uABam�s � EQiNTY
LIs�fRiOs
Current Uabllldes
Other Current IJabllltlea
Security Deposik � Clubhouse 500,00
Total Other Current Lieblllllea 600,00
Total Current IJabllik(es
500.D0
fang Term Llab9ldes
Reserve • Caphal Impravemen�
84,48T.19
Total tang Term Liabll(t4ss
84,A81,19
Total Uabill8as
84,987.19
Equigr
Opening Balance Equity
119,4.80
Total l:qultlr
119,482,80
TOTAL LIABpmE3 & E4u1TY 204,489.99
THE UII.L,4GE AT COFFIdAN PARK CQNCK1NMItdUM ASSgGIATIOM
Annual Budp�
�Q11
2017
bw
Dun RPM
AddltbnaM 0uaa ^ CbSM{s ss73,Q0
Wa Fm '
Intrnrtlnoomr-Savingr IOA0
Iwwrt ItttGana • Rrrrww Fund 1500
Total bccamr
Grounds Karping
ldKk� cam (r2awlaF etc► 2q,39100
hm,tar,dumw►c,ta s000•oo
snowy 5
rtnrl6trou�a iGeephtg 30��
Pond SNalntrmnoa
25om
AdminMdve
9,000.00
PraparlyN mp"nu m
A
pRjq�
200.00
laruraat�
U,StNl.00
Ukr,
25,00
rotal Adr UiUtativr
PALS
Faterior Home Mgftwa
IYM
Chub Hours
�
1,200.00
Cable
9;1,s&00
Nlbna6 Rgnb l Mrhite+>rmee
sA��
Colt Shadns • Panmn
raudCk�bHoaer
Grounds Karping
ldKk� cam (r2awlaF etc► 2q,39100
hm,tar,dumw►c,ta s000•oo
snowy 5
rtnrl6trou�a iGeephtg 30��
Pond SNalntrmnoa
25om
tandaa�r Cerdraet pNaraWrs, ate!
9,000.00
Irrtpdo� • <Tactdc
9„'100x00
MgahaiWall
sA00^p!
%aaaaa Cmdrpl
'
rmrl Pond p5rinuenana
l�
Inlgatlon
ENrobic
25om
�
9,DQp,00
BadcNow Pnwntlon
200A0
Startdlp &Wlntar�atlon
r80A0
Total IrrriiEsdion
a 1
Udlit�r
Elackric- wlatar Hourr 3,000,00
YYater 2sq�0
Trash Pickup 600,00
Taal UtwNtler ., s om
Toth EicpancOturaa _��
Nat Ordinary Income jM.oaaj �93d0d2.DOj
Raamra P • la %ot patantbl suss s._...,;, +g7.,,,;�,,,,00
Hat bnama (tea) �' 9,Op
l3 Unl� 49 mos
1.6 mss, 9.3 mos
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EXHIBIT D
VILLAGE AT COFFMAN PARK POND o ao ao tso N
f.i�yof Dublin RECOMMENDED CITY i � � � i � � � i
ENGINEERING MAINTENANCE RESPONSIBILITIES Feet