Westfield Estates

Governing Documents:

CC&Rs

First Amendment 

Articles of Incorporation

Management Contract

Inspection Policy 

1st Warning Letter 

Certificate of Insurance  

Budget/Financial:

Budget 2009

Budget 2010

Budget vs. Actuals 2009

Budget 2011

Budget 2012

Budget 2013

Budget 2014 

Budget 2015

Budget 2016 

Budget 2017 

Newsletters:

June 10, 2015

Fall Newsletter 2015 

Spring Newsletter 2016 

Fall Newsletter 2016 

Meeting Minutes:

2.13.08 

2.26.08 

5.6.08 

6.4.08 

6.12.08 

6.18.08 

7.9.08 

8.13.08 

9.29.08 

11.6.08 

11.13.08

12.2.08

2.4.09

3.18.09

6.2.09

Annual Meeting 6.11.09

9.2.09

10.21.09

11.18.09

2.17.10

4.14.10

5.12.10

Annual Meeting 6.17.10

6.22.10

7.9.10

8.3.10

9.1.10

10.16.10

11.10.10

1.19.11

4.27.11

Draft 5.25.11

Draft 6.15.11

Draft 6.16.11

Draft 6.22.11

2.29.12

5.15.12

6.4.12

Annual Meeting 2012

8.4.12

9.26.12

3.14.13

Annual Meeting 2013

5.27.14

6.24.14

Annual Meeting 2014

9.4.14 

3.5.15 

5.5.15

6.11.15 Annual Meeting

9.10.15 

9.21.15 

3.10.16 

4.21.16 

6.8.16 Annual Meeting

6.9.16

6.21.16 

7.26.16 

9.27.16 

11.16.16 

Community Bulletin:

 Legal Review

Payment Option Letter

Notes:

Standard Examiner - Bankruptcy Article 1.31.09

Policies:

Capital Reserve Policy

In anticipation of future capital project improvements and repairs, each year the Board may directly budget for, assess, collect and set aside in a Capital Project Reserve Fund up to 4.5% of the fiscal year’s operating budget. The total amount collected in that capital project reserve fund shall not exceed 200% of the fiscal year’s operating budget or $25,000, whichever is less.  Any operational savings from previous fiscal years may, at the discretion of the board of trustees, be accounted for and set aside in the Capital Project Reserve Fund up to allowed amounts.  Any overage in the allowed amounts of the Capital Project Reserve Fund shall be used within the current or subsequent fiscal year to pay for capital improvements as identified in the statutorily required capital improvements study completed by the property manager.  Or, any overage can be used to pay for operational expenditures in the current or subsequent fiscal year only in association with a direct dollar-for-dollar reduction in homeowner assessments in the fiscal year the overage will be used.  Assessment, collection and expenditure of these funds are subject to applicable state statutes and generally accepted accounting principles and procedures.

Collection Policy

 


If a home owner fails to pay the full assessment by December 31st or other specified date(s) as set by the Board, late fees and interest will be applied to individual home owner accounts.  Also, a 30-day notice will be sent to past due accounts reminding them to pay the assessment, late fees and interest.  If the assessment is not paid after 30 days passes from the first notice of delinquency, the account will be turned over to an attorney for collections which may result in judgments in district courts, liens, attorney's fees and other costs associated with the collections process.
 

 

 

Trista Yost, Principal Broker
Welch Randall Real Estate
Ph: 801-399-5883Fax:801-340-4811
5300 S Adams Ave. Parkway #8
Ogden, UT 84405 US
www.welchagency.com
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