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May 29, 2009
May Newsletter
THE WOODS MAY NEWSLETTER 2009
service@woodsresort.net 802-422-3100
________________________________________________________________________________________________________________________________________________
2009/2010 Capital Projects
Cluster Units – work has progressed quickly removing the small greenhouse bathroom windows and repairing any rot around them and around the walls under the side porch roofs where water has infiltrated behind the stucco in the B and C units. So far there is less rot than anticipated and we hope to do more this summer than originally planned.
Village Units – window replacement is complete in several units and we are now identifying the next priorities based on structural damage and need.
TM Vision Committee
Keith Haselman from Village 35 is organizing a committee to brain storm and explore ways to better utilize the TM building. Their first meeting was held this week. If you have ideas for the committee or would like to participate please call us at 802-422-3100 or e-mail us at service@woodsresort.net.
Kohl / Madowitz Lawsuit
There is no update regarding this lawsuit. As reported in our April Newsletter, all briefs related to our Motion for Interlocutory Appeal have been submitted to the Vermont Supreme Court and we are now waiting for the Court to review the briefs and schedule Oral Argument. Please do not hesitate to direct any questions regarding this litigation to the Association Board of Directors or General Manager.
Maintenance/Grounds
Our grounds crew has been busy preparing The Woods for summer visitors. Newly sown grass is sprouting along the roadsides and over 100 additional perennials have been added throughout the grounds. Combined with last years plantings, the perennials are now strikingly noticeable around the TM and in the planters under the light posts at the entrances to each Cluster. Loretta Earle our Administrative Assistant has extensive gardens at home and she has been instrumental in providing plants and directing the project. We hope to continue grounds improvements and slowly add shrubs and trees where landscaping is lacking.
We have begun unit inspections and are focusing on larger generic problems such as window and door operation, fireplace screens and firebrick, boiler room condition, and general plumbing fixture condition. Our last fireplace and chimney inspection identified 20 fireplaces where the firebrick was cracked and should be replaced, we will be verifying issues such as that and as we complete a group of buildings we will notify the owners of those issues and any other areas we feel need attention. In anticipation of some common problems we have negotiated contracting pricing in several areas:
Firebrick Panel Replacement – individual panels $240 each; over five panels $180 each; and over 10 panels $160 each. If your fireplace needs repair it is obviously less expensive if we coordinate the repairs among multiple owners and do them all at once.
Fireplace Doors – we are purchasing these from a wholesaler in Pennsylvania and can install new doors for approximately $300 in a Village unit and $350 in a Cluster unit. New fireplace screens are also available for around $50.
Boiler Room Burner Cleaning and Maintenance - we have a contract price for work in multiple units of $115 per unit to clean both the hot water heater and boiler and change the pilot orifices and thermo couples in both.
Window Screens – many units have broken window screens which we can sometimes repair but we now have a direct contact with Pella windows to get factory replacement screens for the existing windows. Prices vary depending upon the window size.
Ceiling Fan and Atrium Window Cleaning – many cluster units have second story windows and ceiling fans in the entries of the units which can only be reached with a tall ladder and some careful manipulation. Our crew will go in and clean the fan and the insides of the high windows for a flat fee of $40.
Interior Painting – we work with several painting contractors and use one exclusively for all of our interior work at a very good rate. Call for a quote of any interior painting and wallpaper work you need.
Spa
In May, the spa ran a successful Mother’s Day special and in June we will again be running manicure and pedicure specials – which were well received last summer. We have once again been opening early on Sundays to allow the local Special Olympics swim team to train in the pool, and we hope that this bit of community outreach helps these great athletes attain their goals on June 5-7 at the games at UVM.
We recently upgraded the Spa management software and we are excited about the capabilities for direct e-mail marketing that we now have. Please remember to give the spa desk staff your email address if you would like to receive these notices in the future.
The tennis courts are finished and ready for play, so please give the spa desk a call at (802) 422-3139 to schedule your court time.
Spa Summer Hours
Sundays: 9:00am-5:00pm
Mon-Thurs: 8:00am-6:00pm
Saturdays: 8:00am-8:00pm
Financial Update through May of 2009
|
INCOME |
Fiscal YTD |
Budget |
Last year |
|
Operating Income (less Spa) |
$831,474.96 |
$834,525.76 |
$784,109.63 |
|
Non-operating Income (interest & dividends) |
$6,240.66 |
$6,900.00 |
$10,948.72 |
|
Spa Income |
$314,690.59 |
$370,400.00 |
$382,411.75 |
|
Net In-Unit Service Income |
$6,714.42 |
$7,450.00 |
$6,762.70 |
|
Total Income |
$1,159,120.63 |
$1,219,275.76 |
$1,184,232.80 |
|
EXPENSE |
|||
|
Spa Expense |
$296,615.91 |
$329,225.00 |
$336,631.94 |
|
Terra Median Expense |
$197,310.32 |
$191,610.86 |
$204,869.94 |
|
Maintenance/Grounds Expense |
$205,731.83 |
$231,101.60 |
$230,959.68 |
|
General & Administrative Expense |
$327,158.21 |
$359,185.36 |
$371,984.69 |
|
Non-operating Expense (legal) |
$76,115.52 |
$50,250.00 |
$67,706.74 |
|
Total Expense |
$1,102,931.79 |
$1,161,372.82 |
$1,212,152.99 |
|
Net Income |
$56,188.84 |
$57,902.82 |
($27,920.19) |
Note: This year’s budget was planned to recoup last years operating loss. These figures are un-audited year end numbers and may change slightly after independent financial review.
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Posted by tony at May 29, 2009 04:17 PM
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