Click the below button, it will take you to the Kings Ridge Web Site, Log in with your Resident ID and Password, go to KR Documents then Manager's Report.
The following are some additional comments from the September KRCA Board Meetings. Please review the draft minutes and Manager’s reports on the website and upcoming Royal Times for additional information.
Financials – both budgets are running surpluses through September, the Clubhouse at $111k of which $46k will be used in the 2021 budget, and the HOA running at $76k favorable which $32k will be used for next year’s budget. Any remaining surpluses at year end will be evaluated as to future use.
2021 Budget – the board approved a $10 per month decrease on the Club side and $3 per month increase in the HOA side. The $3 HOA increase will go directly into Reserves as we continue to evaluate the 23 mile Irrigation system and 25 mile Stormwater system. There are 1400 components in the Irrigation system with 700 or so electric valves reaching 24 years of age. On the Stormwater side there are 350 inflows and 90 outflows. The outflows, many on the golf course, are clogged with dog debris bags, acorns, leaves, grass clippings and some plastic bottles. We will be spending $60-80k to clean out these runouts over the next few months.
Bottom line, 2021 assessments will be $173 per month, net down $7.
Restrooms – this project is completed pending a building inspector final approval, hopefully Monday.
North Spa – this facility will be closed starting next week to replace the 20 year old air conditioning systems. Portable bathrooms will be available to enable the pools to remain open. Also, your keys will no longer work at that location. If you use those pools you will need to upgrade your ID if you haven’t already done so. That process started about a year ago.
Gate House Renovation– discussions began on the quote for this project, much of which is already in the Reserve account. This is another 25 year old area that is run down.
Rich Ascolese, Devonshire Master Board Rep
At the beginning of this year, Rich Ascolese requested that he not be reappointed as the Devonshire representative to the Kings Ridge Master Association. Rich indicated that there were some family matters along with his desire to take a break that would be the focus of his attention.
Mike Stich voluntarily offered to fill in as our representative. He was nominated by Devonshire and elected at the Annual Meeting of the Master Association and has served our community well in that capacity.
Recently, Rich approached the Board and indicated that he was really interested in returning to the Master Board with all of his concerns behind him. A conversation with the Master Board President, Doug Melzer also confirmed that Rich’s return to the Master would be a welcomed event, Mr. Melzer was rather adamant, however, in stating that Mike Stich has served admirably since assuming the position.
Recognizing Rich’s desire to return would be beneficial, Mike agreed to resign and be replaced by Rich Ascolese.
The Board has been polled and is in agreement with the appointment of Rich as our representative. He will assume the position at the next Master Board meeting.