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Progress on the Path to Transition
When Pulte finishes their venture here in Sun City, the
management of the community will transition to us - the residents. Let's look at some signs of progress on
that path to transition.
The strength and maturity of our Board management,
particularly the leadership of resident Board members, has become evident
in their development of an atmosphere of trust and purpose amongst our
Committees and their subcommittees as well as an effective collaborative
relationship with the Developer.
On April 10, 2010, the New Capital Asset Fund/Water
Wells Task Force (NCAF-WW Task Force) published a Resolution containing
their recommendations. The elements
of this proposal are an excellent example of the commitment and dedication
apparent in our governance organization.
The Resolution
proposed a three-part plan designed to reduce Community Association (CA)
costs and improve operating efficiencies overtime with a focus on
maintaining a strong financial position after transition. It was approved by the CA Board of
Directors at the April 29, 2010 Special Board Meeting.
Among significant items in the plan, is a proposal to
dig five water wells into the Trinity Aquifer at an estimated cost $360K with
cost recovery projected to be 2 to 3 years.
The CA and involved Committees are in the final stages of selecting
a contractor to recommend to the Board.
The wells recommendation is a result of Property and Grounds
Committee's Strategic Plan for SCTX Water Management and Conservation
Program. You may review the
Strategic Plan at www.sctxca.org/suncity/community-association/sites/propgrnd/boardreports/. It identifies three strategic initiatives
to pursue over the next 3 to 5 years.
The Resolution also proposed the CA
establish a Capital Asset Fund to enable the Board to purchase new
equipment, to buy versus lease equipment when appropriate, and to expand or
modify existing infrastructure and amenities. This fund is essential to our future and
is normally in place early in the life of a Home Owner Association
(HOA). The Resolution suggests the
fund cap be $300K with the initial funding source be the $50K received from
Madison Fund for property easements.
The Board directed the Finance Committee to draft a Capital Asset
Fund Policy prior to final approval of this part of the resolution. The Finance Committee completed its work
and forwarded the proposal to the Board for consideration at the July 8,
2010 Workshop. If all goes well and
the Board concurs with the overall policy, it will voted on and approved at
the July 22, 2010 Board Meeting. You
may view the Draft Policy at www.sctxca.org/suncity/community-association/board/
. (Click on Tab 10 of the July 8 Workshop Agenda Items.) We recommend you take time to review the
policy and write to Board members encouraging them to vote in favor of the
Policy and establish the fund.
While these items, as
stated, are good pro-active steps for our community, perhaps it is equally
important that, as initiatives of resident Board members, they also
represent signs of the quality of leadership available in our community to
lead "after Pulte".
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