President’s Report |

President’s Report

As the new Board of Director’s year is just beginning, I would like to close out the 2014/2015 Board year as the retiring Board President, Mike Zemetra’s and Stan Oparowski’s three year terms expired. I want to thank Mike and Stan for their service during my Presidential term. They were very valuable contributors to the success of last year. I also wanted to thank the other Board Members, Betsy Ballard, Alice Siudzinski, Mike Rodriguez, and Roger Stover for their contributions to a very successful 2014/2015 Board year.
In case you haven’t heard, Fred Peterson and Chris Martin were elected to the board. So the new Board looks like this for 2015/2016:

President: Mike Rodriquez
V.P.: Betsy Ballard
Secretary: Fred Peterson
Directors: Alice Ziudzinski, Chris Martin, Roger Stover, Mark Bailey
The 2014/2015 Board year was again a very interesting year. A recap of the 2014/2015 Board year includes:
• the membership approving a Special Assessment to repay a loan as part of the financing to build a new clubhouse and approving the sale of four Association owned lots adjacent to the North Gate for providing funds to replacement the clubhouse,
• the contracting for a Project Manager, Architect Firm, and General Contractor for the clubhouse project,
• the contracting for a Reserve Specialist to survey/examine the Association Common Properties, Facilities, and assets and provide a Replacement Schedule, with costs, to replace our Capital and Non-Capital Association Assets over a 30 years period,
• the replacement of three culverts that were ready to collapse using a product and process recently adopted and utilized by the State of California and California Municipalities
• the hiring of a new General Manager who has now been serving 10 months at Lake Wildwood,
• the transitioned to a Trailer, Tent, and Shed to support Golf Operations,
• the demolished the old Clubhouse to make way for “The Oaks at Lake Wildwood” Clubhouse
• the notice, on the California Board of Water Resources Web site, that reinstated the curtailment order that will not allow LWW to capture water to fill our lake if we should lower it,
• the improvements in Vista and Hideaway Parks general conditions, swimming areas and Meadow Park Bocce Ball courts,
• and expanded Pickleball courts from two to four at the Marina Court 1 with the requirement for Pickleball players to use quieter paddles (effective with the resurfacing and restriping of the courts in September 2015).
Yes, the 2015/2016 Budget increased about 12% due to three major items. The first was 6% plus increase in Replacement Reserves primarily to cover culvert replacements that the Public Works Department in conjunction with the Public Works Committee determined need to be replaced next year. Included in that increase was an Engineering Study of all of our culverts to determine when they may need replacement and what the costs may be to fund those replacements. Secondly, during the 2013/2014 Fiscal Year, the Association expenses were significantly higher than income and therefore unfortunately, by the CC&Rs, that difference in expenses over income needed to be collected as part of the 2015/2016 Annual Assessments. Lastly, projected Operational expenses increased due to raises and staff changes.
Yes, the estimated Replacement Costs for the Clubhouse increased by about $1,200,000. Fortunately, the four lots approved for sale in September 2014 went on Sale in July 2015 and have all entered escrow at or near the full sales price. If the escrows close and after the Association pays closing costs, sales commissions and the construction of an access road to these lots, the projected net income will be over $1,000,000 that will nearly cover the additional increase estimated costs to replace the Clubhouse.
There are a few topics that remain for the new Board of Directors to address and those were allowing LWW members who own motorcycles to use LWW streets and parking lots to ingress and egress from their homes to the Association’s gates, and for registering and allowing Dogs on leashes in the Associations parks and beaches.
Given all of those things happening in the 2014/2015 Board year, Lake Wildwood enters the new Board year better physically and financially than 2014/2015.
Stay tuned! There may be more improvements on the horizon for Lake Wildwood in 2015/2016!

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